OYO, the global travel tech platform, has achieved a significant milestone, becoming the most profitable Indian startup. Founder Ritesh Agarwal announced the company’s ₹623 crore profit after tax (PAT) for the 2024-25 financial year during a townhall with employees. This marks a 172% growth from ₹229 crore in the previous year.
Strong Financial Performance
OYO’s FY25 unaudited financials reveal impressive growth across key metrics. The company reported an adjusted EBITDA of ₹1,132 crore, up by 27% from ₹889 crore in FY24. This marks the tenth consecutive quarter of EBITDA profitability. Additionally, the company’s earnings per share (EPS) surged to ₹0.93, a 158% increase from ₹0.36 in FY24.
Significant Growth in Revenue and Booking Value
The company saw a 54% rise in Gross Booking Value (GBV) to ₹16,436 crore. Revenue for FY25 grew to ₹6,463 crore, reflecting a 20% increase year-on-year. This growth was driven by OYO’s premium offerings, including Townhouse Hotels and Sunday Hotels, and its expansion into the SEAME region, the UK, and India. The integration of G6 Hospitality also contributed to this growth.
Q4 Performance and Expansion
In Q4 of FY25, OYO’s GBV increased by 126% to ₹6,379 crore, and revenue grew by 41% year-on-year to ₹1,872 crore. Adjusted EBITDA for Q4 reached ₹442 crore, a 61% increase from the same period last year.
OYO has also expanded its premium offerings, launching over 30 Sunday Hotels across regions such as India, Saudi Arabia, UAE, and Southeast Asia in the past year.
Global Expansion
Currently, OYO operates around 22,700 hotels, 1,19,900 homes, and lists 91,300 properties on its platform globally.
