Back

PRATHAM

 • 

BeatStars • 10m

Oyo’s Strategic Moves: IPO Acceleration ‼️ 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 ₹30 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 Oyo’s first profitable quarter in Q2 FY24 with a PAT of ₹16 crore. The company also achieved EBITDA of ₹750 crore in FY23 and is aiming for ₹1,000 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 company’s strategic financial consistent profitability indicates a strong future growth.

13 replies5 likes
1
Replies (13)

More like this

Recommendations from Medial

Image Description

Mahendra Lochhab

Content creator • 2m

Oyo set to file IPO papers in first quarter.

1 replies6 likes
Image Description
Image Description

Mahendra Lochhab

Content creator • 7m

Oyo reports first ever annual profit of Rs 229 crore in FY24.

3 replies13 likes
Image Description

Gautam Ambani

Money Magnet • 10m

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 More
1 replies7 likes

Mahendra Lochhab

Content creator • 2m

Ott platform Ullu Digital's PAT (profit after tax) has decreased by 16% to ₹12.68Cr in FY24. Ullu's IPO is going to come in 2025.

0 replies5 likes

gray man

I'm just a normal gu... • 18d

OYO is on track to achieve an EBITDA of ₹1,550 crore in FY25, up from its earlier target of ₹1,200 crore, founder Ritesh Agarwal announced at TiEcon Mumbai 2025. The increase is driven by OYO’s $525 million acquisition of U.S.-based G6 Hospitality,

See More
0 replies12 likes
4

Ashish Singh

Finding my self 😶‍�... • 2m

🤯Founders with Highest salary in India. --⭐Supam Maheshwari (FirstCry) received an annual salary of ₹103.8 crore in FY24. This marks a significant decrease from his ₹200.7 crore salary in FY23. --⭐Nithin Kamath (Zerodha) Co-founder of the broker

See More
0 replies12 likes
2

Mridul Das

Introvert! • 1m

Lenskart is preparing for an IPO at a valuation of $10 billion 💵( ₹86,780 crore). ➡️ 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

See More
0 replies1 like
1
Image Description
Image Description

Vikas Acharya

Building WelBe| Entr... • 27d

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

See More
2 replies9 likes
Image Description
Image Description

Vaibhav Babruwan Shingde

Student • 2m

The Year of Indian Startups' IPOs Series : 1. Groww -> • Groww is planning an IPO to raise approximately ₹6,000 crore, aiming for a valuation between $6 billion and $8 billion. • In FY24, Groww reported ₹3,145 crore in revenue from operations, do

See More
23 replies13 likes
4

Shreyas Ramdasi

Mechanical Engineer • 9m

Billionaire businessman Gautam Adani has increased his stake by 1.32% in Adani Enterprises from the open market in April to June quarter, a statement to stock exchanges stated on June 14.Adani Enterprises had reported a consolidated net profit of Rs

See More
0 replies5 likes

Download the medial app to read full posts, comements and news.