OYO most profitable Indian startup in FY25 with Rs 623 Cr profit: Ritesh Agarwal

Global travel tech platform OYO has become the most profitable Indian startup with a profit after tax of Rs 623 crore in the 2024-25 financial year, Founder Ritesh Agarwal told employees in a town hall on Thursday, sources said.

According to documents accessed by PTI, as per its unaudited financials, the company's FY25 PAT (profit after tax) grew 172% from Rs 229 crore in the preceding year. It achieved an adjusted EBITDA of Rs 1,132 crore in FY25, compared to Rs 889 crore in the year-ago fiscal, registering a 27% year-on-year growth, and its tenth consecutive quarter of EBITDA profitability.

Consequently, OYO's earnings per share (EPS) reached Rs 0.93 for FY25, up from Rs 0.36 in FY24, reflecting a 158% increase, the documents showed.

The travel tech platform reported a 54% increase in Gross Booking Value (GBV) to Rs 16,436 crore. Its revenue grew to Rs 6,463 crore, a 20% increase year-on-year, fuelled by the company's premium offerings through its company-serviced portfolio, including the mid segment Townhouse Hotels and Softbank and Oravel promoted Sunday hotels across India, the UK, Southeast Asia, and Middle East (SEAME) region, as well as the integration of G6 Hospitality.

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During Q4 FY25, OYO's GBV touched Rs 6,379 crore, up 126% compared to the same period of FY24.

Revenue for Q4 stood at Rs 1,872 crore, up 41% year-over-year, while adjusted EBITDA (earnings before interest, tax, depreciation and amortisation) increased by 61% to Rs 442 crore compared to the figure recorded in Q4 of FY24.

The company has strategically expanded its premium offerings with the launch of over 30 Sunday Hotels in the last 12 months across various regions, including India, Saudi Arabia, the UAE, and Southeast Asia.

OYO's global presence now includes approximately 22,700 hotels and 1,19,900 homes, along with 91,300 listings across its platform.