OYO To Launch IPO Within 6-12 Months Amid Consistent Profits: Report
OYO's profit has consistently improved on a quarterly basis with the profit after tax standing at Rs 132 crore in Q1 FY25, Rs 158 crore in Q2, and Rs 166 crore in Q3.
OYO Hotels is likely to announce initial public offering (IPO) within the next six to 12 months, accoring to a livemint report citing sources. The hospitality sector startup will be listed on both BSE and NSE, amid a strong profit trajectory.
“Given we are consistently posting profits for the last eight quarters, we are in a situation to announce IPO plans in the next 2-4 quarters," livemint cited the sources as saying.
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Oyo, led by Ritesh Agarwal, reported its first full-year net profit in its 12 years of operation in the financial year 2023-24. Its net profit had stood at Rs 229 crore in FY24 as against a loss of Rs 1,286 crore in FY23.
The profit has also consistently grown in each quarter this year with the profit after tax standing at Rs 132 crore in Q1 FY25, Rs 158 crore in Q2, and Rs 166 crore in Q3.
IPO-bound Oyo, which recently acquired the American budget hotel chain Motel 6, expects it to add substantially to its topline, with the company’s EBITDA expected to cross Rs 2,000 crore by 2025-26.
The travel tech startup estimates that Motel 6 will add over Rs 630 crore to its EBITDA in the coming financial year, which will be the first full year of its integration.
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