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OYO has claimed the title of the most profitable Indian startup, achieving a profit after tax (PAT) of INR 623 crore for the financial year 2024-25, according to a recent town hall held by Founder Ritesh Agarwal. The company's PAT surged by 172 per cent from the previous fiscal, while adjusted EBITDA grew by 27 per cent to INR 1,132 crore. Additionally, OYO's earnings per share (EPS) rose by 158 per cent to INR 0.93. The travel tech platform reported a 54 per cent increase in Gross Booking Value (GBV) to INR 16,436 crore, driven by its Company-Serviced Portfolio, including Townhouse Hotels and Sunday Hotels. The fourth quarter of FY25 witnessed a substantial 126 per cent rise in GBV to INR 6,379 crore.
OYO has positioned itself as the most profitable startup in India, reporting a profit after tax (PAT) of INR 623 crore for the financial year 2024-25. This information was disclosed by Founder Ritesh Agarwal during a recent town hall meeting, according to sources familiar with the matter. Advertisement
As per the company's unaudited financials, accessed by PTI, OYO's PAT for FY25 marked a significant 172 per cent increase from INR 229 crore recorded in the previous fiscal. Adjusted EBITDA also rose by 27 per cent year-on-year to INR 1,132 crore, maintaining a streak of ten consecutive quarters of EBITDA profitability.
Moreover, OYO's earnings per share (EPS) for FY25 reached INR 0.93, reflecting a 158 per cent surge from INR 0.36 in FY24. The company's Gross Booking Value (GBV) climbed 54 per cent to INR 16,436 crore, while revenue increased by 20 per cent year-on-year to INR 6,463 crore. This growth was primarily driven by OYO's focus on its premium offerings under the Company-Serviced Portfolio, including the mid-segment Townhouse Hotels and Sunday Hotels, backed by SoftBank and Oravel. The integration of G6 Hospitality further contributed to the overall revenue growth across India, the UK, Southeast Asia, and the Middle East.
During the fourth quarter of FY25, OYO recorded a remarkable 126 per cent rise in GBV, amounting to INR 6,379 crore. Revenue for the quarter stood at INR 1,872 crore, reflecting a 41 per cent year-over-year increase, while adjusted EBITDA surged by 61 per cent to INR 442 crore.
In a strategic move to strengthen its premium offerings, OYO launched over 30 Sunday Hotels in the past 12 months across key markets, including India, Saudi Arabia, the UAE, and Southeast Asia. The travel tech platform now manages approximately 22,700 hotels, 1,19,900 homes, and 91,300 listings globally, indicating substantial expansion in its global footprint.
The integration of G6 Hospitality and targeted expansion in key regions such as Southeast Asia, the Middle East, and the UK have further bolstered the company's revenue and profit margins. With ten consecutive quarters of EBITDA profitability and substantial increases in GBV and EPS, OYO is well-positioned to capitalise on emerging market opportunities and maintain its trajectory as a dominant player in the global travel tech sector.
Source - PTI
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