Market News
2 min read | Updated on March 04, 2025, 13:19 IST
SUMMARY
OYO founder and CEO Ritesh Agarwal borrowed $2.2 billion in 2019 to increase his stake in the company and gain more strategic control. The multibillion-dollar loan package was restructured in 2022, and Agarwal has yet to clear the first installment.
OYO posted a post-tax profit of ₹166 crore in Q3 FY25, reflecting an increase of nearly six times from ₹25 crore in the year-ago quarter. | Image: Shutterstock
According to the report, Agarwal borrowed $2.2 billion in 2019 to increase his stake in the company and gain more strategic control. The multibillion-dollar loan package was restructured in 2022, and the OYO chief has yet to clear the first installment.
Revenue from operations rose 30.7% to ₹1,695 crore in the latest October-December quarter, compared to ₹1,296 crore in the corresponding period last fiscal.
The company achieved an adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) of ₹249 crore in Q3 FY25, up 22% from ₹205 crore a year back.
The gross booking value (GBV) showed an uptick of 33% to ₹3,341 crore in the reporting quarter, as against ₹2,510 crore in Q3 FY24.
For the first nine months of FY25 (9M FY25), OYO posted a net profit of ₹457 crore vs a loss of ₹111 crore in the same period last year.
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