IPO-bound hospitality tech OYO has reported its first EBITDA-positive quarter, with adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) of INR 7.26 Cr in Q1 FY23. OYO’s EBITDA margins increased to +0.5% in Q1 FY23 from -9% in Q1 FY22.
The hospitality technology company filed an addendum to its draught red herring prospectus (DRHP) for its initial public offering with the Securities and Exchange Board of India (SEBI). The company reported losses of INR 1,939.8 Cr in FY22, a 51% decrease from INR 3,944.8 Cr in FY21 and an 85% decrease from INR 13,123.5 Cr in FY20. OYO has filed new documents with SEBI due to the narrowing of losses.
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IPO-bound hospitality tech OYO has reported its first EBITDA-positive quarter, with adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) of INR 7.26 Cr in Q1 FY23. OYO’s EBITDA margins increased to +0.5% in Q1 FY23 from -9% in Q1 FY22.
The hospitality technology company filed an addendum to its draught red herring prospectus (DRHP) for its initial public offering with the Securities and Exchange Board of India (SEBI). The company reported losses of INR 1,939.8 Cr in FY22, a 51% decrease from INR 3,944.8 Cr in FY21 and an 85% decrease from INR 13,123.5 Cr in FY20. OYO has filed new documents with SEBI due to the narrowing of losses.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
