Building WelBe| Entr...Ā ā¢Ā 5m
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 company's leadership on Wednesday, sources said. The company expects Ebitda of Rs 2,000 crore for the same period, on the back of a strong top-line growth, buoyed by the recent Motel 6 acquisition. Ebitda (earnings before interest, taxes, depreciation, and amortization) is a financial metric that measures a company's profitability and cash flow. Motel 6 is projected to contribute an Ebitda of over Rs 630 crore in the coming financial year, which will be the first full year of its integration, according to sources. This contribution is anticipated to push OYO's combined Ebitda to over Rs 2,000 crore in FY26," said a person aware of the financial projections. OYO recorded a Profit After Tax (PAT) of Rs 166 crore in the third quarter ended December, up nearly six times from Rs 25 crore in the year-ago period, PTI had reported earlier. For the first nine months of FY25, OYO reported a PAT of Rs 457 crore (USD 55 million), compared to a loss of Rs 111 crore (USD 13 million) in the same period of the previous financial year. The company's strategic initiatives, including India premiumization efforts, the acquisitions of G6 Hospitality and CMG, successful equity raise, and recent credit ratings upgrade, have further strengthened its market position, sources said. Global Rating agency Moody's has upgraded OYO's rating to B2 from B3, and maintained the stable outlook.
Hey I am on MedialĀ ā¢Ā 1y
Deepinder Goyal-led Zomato's revenue rose 74% year-on-year to Rs 4,206 crore in Q1FY25. Meanwhile, the company's net profit jumped to Rs 253 crore. During the same quarter last year, Zomato posted a net profit of Rs 2 crore and a revenue of Rs 2,
See MoreFounder And CEO Of F...Ā ā¢Ā 10m
JSW Steel Q2 Results: 84% YoY Decline in PAT to Rs 439 Crore, Revenue Falls 11% JSW Steel Ltd Q2 Results: Net Profit Drops 84% YoY to Rs 439 Crore; Revenue Falls 11% to Rs 39,684 Crore. One-Time Charge of Rs 342 Crore Impacts Earnings; Operating EBI
See MoreMechanical EngineerĀ ā¢Ā 1y
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 MoreMoney MagnetĀ ā¢Ā 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 MoreTrying to do betterĀ ā¢Ā 10m
Ritesh Agarwal-led hospitality giant OYO recorded a net profit of Rs 158 crore and revenue of Rs 1,578 crore in Q2 FY25, PTI reported. This marks a significant turnaround, as the company had posted a net loss of Rs 50 crore during the same period la
See MoreHey I am on MedialĀ ā¢Ā 8m
upGrad posts Rs 1,876 Cr gross revenue in FY24 upGrad is becoming more and more significant and assertive in the edtech market. The Mumbai-based skilling platform showcased remarkable financial performance in FY24. Its gross revenue soared to an impr
See MoreĀ ā¢Ā
BeatStarsĀ ā¢Ā 1y
Oyoās Strategic Moves: IPO Acceleration ā¼ļø 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 performan
See MoreĀ ā¢Ā
MedialĀ ā¢Ā 10m
Furniture rental startup Rentomojo nears Rs 200 crore FY24 operating revenue Furniture and appliance rental platform Rentomojo posted operating revenue of nearly Rs 200 crore in the last fiscal year as the Bengaluru-based company benefited from peop
See MoreHey I am on MedialĀ ā¢Ā 1y
𤯠ITC š„ ITC paid over Rs 1 crore annual salary to 350 employees in the financial year 2023-24 (FY24), the company said in its annual report. This is 68 more employees than the 282 employees who received over Rs 1 crore salary in the financial ye
See MoreDownload the medial app to read full posts, comements and news.