OYO Net Profit: Travel Tech Platform Reports INR 158 Crore Profit in Second Quarter of Current Fiscal Ended September, Says Founder Ritesh Agarwal
In Q2 FY25, OYO's revenue surged to Rs 1,578 crore, from Rs 1,413 crore in Q1. OYO recently announced its acquisition of G6 Hospitality, a US-based economy lodging franchisor and parent company of the iconic Motel 6 and Studio 6 brands, from Blackstone.
New Delhi, October 24: Travel tech platform OYO achieved a profit after tax of Rs 158 crore in the second quarter of the current fiscal ended September, Founder Ritesh Agarwal told employees in a townhall on Thursday, sources said.
Oravel Stays Ltd, the parent company of OYO, had posted a loss of Rs 50 crore in the same period of the previous year. During the first quarter, OYO's profit after tax stood at Rs 132 crore. HCLTech Reports 10.5% Increase in Net Profit at INR 4,235 Crore in Q2 FY25.
This brings the company's H1 FY25 net profit to Rs 290 crore (USD 35 million), marking a turnaround from the Rs 91 crore net loss reported in the same period of the previous fiscal, the sources said. Wipro’s Net Income Grows 21% YoY in Q2, Announces 1:1 Bonus Share Issue.
In Q2 FY25, OYO's revenue surged to Rs 1,578 crore, from Rs 1,413 crore in Q1. OYO recently announced its acquisition of G6 Hospitality, a US-based economy lodging franchisor and parent company of the iconic Motel 6 and Studio 6 brands, from Blackstone.