OYO becomes most profitable Indian startup in FY25 with ₹623 Cr profit, says Founder Ritesh Agarwal

Global travel tech company OYO has become the most profitable Indian startup with a profit after tax of ₹623 crore in the 2024-25 financial year, as told by Founder Ritesh Agarwal while addressing employees in a town hall on Thursday.

OYO reports increase in GBV to ₹16,436 Cr

According to documents accessed by PTI, as per its unaudited financials, the firm's FY25 PAT (profit after tax) grew 172 per cent from ₹229 crore in the preceding year.

OYO achieved an adjusted EBITDA of ₹1,132 crore in FY25, compared to ₹889 crore in the year-ago fiscal, registering a 27 per cent year-on-year growth and its tenth consecutive quarter of EBITDA profitability.

As per documents, the firm’s earnings per share (EPS) reached ₹0.93 for FY25, up from ₹0.36 in FY24, reflecting a 158 per cent increase.

OYO reported a 54 per cent increase in Gross Booking Value (GBV) to ₹16,436 crore, and its revenue grew to ₹6,463 crore, a 20 per cent increase year-on-year.

It was 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, and the South East Asia and Middle East (SEAME) region, as well as the integration of G6 Hospitality.

During the fourth quarter of FY25, the travel tech startup's GBV touched ₹6,379 crore, up 126 per cent compared to the same period of FY24.

Also read: Flipkart VP and CoS Ashish Vijayvergiya to lead new startup within company instead of exiting (startuppedia.in)

Current revenue details of OYO

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

Ritesh Agarwal’s OYO 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.

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

Also read: ‘One of the biggest gaps I noticed after moving back to India from the US’: Anupam Mittal (startuppedia.in)