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BeatStarsย โขย 1y
Oyoโs Strategic Moves: IPO Acceleration โผ๏ธ Oyo is a global travel-tech company that provides affordable rooms through its network of budget hotels, homes, etc Recently, senior executives and lead bankers met with SEBI to discuss business performance and maybe some talks related to IPO. Oyo reported milestone, with a Profit After Tax (PAT) of โน30 crore in Q3 FY24, doubling from the previous quarter. Additionally, Oyo made a prepayment of $200 million of its outstanding term loan B. CEO Ritesh Agarwal expressed optimism about sustained profit growth, highlighting Oyoโs first profitable quarter in Q2 FY24 with a PAT of โน16 crore. The company also achieved EBITDA of โน750 crore in FY23 and is aiming for โน1,000 crore in FY24. These developments, coupled with favorable market conditions, have positioned Oyo well for its IPO, initially filed in 2021 but now expedited for approval. The companyโs strategic financial consistent profitability indicates a strong future growth.
Money Magnetย โขย 1y
LOL Same story of all startups waanna be listed on BSE , NSE. Don't give a shit about profit until want to go public. Do profit before a year or two wanted to do IPO. OYO has reported a profit after tax of nearly INR 100 crore ($12 million) for fisc
See MoreI'm just a normal gu...ย โขย 11m
Eternal, led by Deepinder Goyal, reported a steep 77.8% decline in its consolidated profit after tax (PAT), which dropped to INR 39 crore in Q4 FY25 from INR 175 crore in the same quarter last year. The sharp fall in profits comes despite strong reve
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I'm just a normal gu...ย โขย 1y
OYO is on track to achieve an EBITDA of โน1,550 crore in FY25, up from its earlier target of โน1,200 crore, founder Ritesh Agarwal announced at TiEcon Mumbai 2025. The increase is driven by OYOโs $525 million acquisition of U.S.-based G6 Hospitality,
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Building Reviv | Ent...ย โขย 1y
Oyo estimates Rs 1,100 crore PAT for FY26: Founder Ritesh Agarwal Travel tech unicorn OYO estimates its profit after tax to touch Rs 1,100 crore in the next financial year 2025-26, according to projections shared by Founder Ritesh Agarwal with the c
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Finding my self ๐ถโ๏ฟฝ...ย โขย 1y
๐คฏFounders with Highest salary in India. --โญSupam Maheshwari (FirstCry) received an annual salary of โน103.8 crore in FY24. This marks a significant decrease from his โน200.7 crore salary in FY23. --โญNithin Kamath (Zerodha) Co-founder of the broker
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Introvert!ย โขย 1y
Lenskart is preparing for an IPO at a valuation of $10 billion ๐ต( โน86,780 crore). โก๏ธ The company intends to file its Draft Red Herring Prospectus (DRHP) by May 2025, with the goal of listing on Indian stock exchanges before the end of the year. Th
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