Ritesh Agarwal’s OYO has pulled off a major turnaround—closing FY25 with a net profit of Rs 623 crore, making it the most profitable startup in India this fiscal year. That’s nearly triple what the company made last year, clocking in at a 172% jump, as per financial data accessed by PTI.
The hospitality company’s revenue rose to Rs 6,463 crore—a 20% increase year-on-year—driven by a sharp uptick in bookings and a growing preference for OYO’s premium hotels. Its Gross Booking Value (GBV) shot up by 54%, reaching a hefty Rs 16,436 crore.
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Key to this growth were OYO’s newer properties like Townhouse and Sunday hotels, which are fully managed by the company, and have been expanding across India, Southeast Asia, the UK, and the Middle East. The US-based G6 Hospitality, which OYO acquired earlier, also contributed to the momentum.
On the profitability front, adjusted EBITDA stood at Rs 1,132 crore for FY25—up from Rs 889 crore the year before. The company has now logged ten straight quarters of EBITDA-level profit. The January–March quarter was particularly strong, pulling in Rs 1,872 crore in revenue (a 41% jump from last year) and Rs 442 crore in EBITDA, which marked a 61% spike—pointing to better operational performance.
Aggressive Expansion
OYO has been steadily pushing into the premium segment. In the last year alone, it added over 30 Sunday hotels across major markets like India, the UAE, Saudi Arabia, and Southeast Asia. As of now, its global network covers 22,700 hotels, over 1.2 lakh homes, and more than 91,000 listings. The number of properties fully managed by OYO surged from just 7 in Q4 FY24 to 256 by the end of Q4 FY25.
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Earnings per share (EPS) also saw a significant bump, moving from Rs 0.36 last year to Rs 0.93—registering a 158% rise.
IPO May Face Another Delay
While OYO had originally hoped to go public by October 2025, that timeline now looks uncertain. Sources indicate the listing could be pushed to early 2026—marking a third delay in its IPO journey.
