Upcoming IPO: Oyo Lodges is making ready to listing on the Indian inventory exchanges inside the subsequent six to 12 months, amid a robust revenue trajectory.
“Given we’re constantly posting earnings for the final eight quarters, we’re in a state of affairs to announce IPO plans within the subsequent 2-4 quarters,” sources near the matter advised Mint.
Oyo’s monetary trajectory
The hospitality sector-based startup, led by Ritesh Agarwal, reported its first full-year internet revenue in its 12 years of operation within the monetary yr 2023-2024 (FY24).
Oyo reported its revenue after tax of ₹229 crore in FY24 as towards a lack of ₹1,286 crore in FY23. This was adopted by a revenue of ₹132 crore within the first quarter of FY25, which elevated to ₹158 crore within the second quarter and additional grew to ₹166 crore within the third quarter of the present fiscal yr.
