Oyo becomes most profitable Indian startup in FY25 with Rs 623 crore profit: Founder Ritesh Agarwal

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Global travel tech platform Oyo has become the most profitable Indian startup with a profit after tax of Rs 623 crore in the 2024-25 financial year, Founder Ritesh Agarwal told employees in a townhall on Thursday, sources said. According to documents accessed by PTI, as per its unaudited financials, the company’s FY25 PAT (profit after tax) grew 172% from Rs 229 crore in the preceding year. It achieved an adjusted Ebitda of Rs 1,132 crore in FY25, compared to Rs 889 crore in the year-ago fiscal, registering a 27% year-on-year growth and its tenth…



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Oyo becomes most profitable Indian startup in FY25 with Rs 623 crore profit: Founder Ritesh Agarwal


Global travel tech platform Oyo has become the most profitable Indian startup with a profit after tax of Rs 623 crore in the 2024-25 financial year, Founder Ritesh Agarwal told employees in a townhall on Thursday, sources said. According to documents accessed by PTI, as per its unaudited financials, the company’s FY25 PAT (profit after tax) grew 172% from Rs 229 crore in the preceding year. It achieved an adjusted Ebitda of Rs 1,132 crore in FY25, compared to Rs 889 crore in the year-ago fiscal, registering a 27% year-on-year growth and its tenth…



Source link

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.

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