Upcoming IPO: Oyo Hotels is preparing to list on the Indian stock exchanges within the next six to 12 months, amid a strong profit trajectory.
“Given we are consistently posting profits for the last eight quarters, we are in a situation to announce IPO plans in the next 2-4 quarters,” sources close to the matter told Mint.
Oyo’s financial trajectory
The hospitality sector-based startup, led by Ritesh Agarwal, reported its first full-year net profit in its 12 years of operation in the financial year 2023-2024 (FY24).
Oyo reported its profit after tax of ₹229 crore in FY24 as against a loss of ₹1,286 crore in FY23. This was followed by a profit of ₹132 crore in the first quarter of FY25, which increased to ₹158 crore in the second quarter and further grew to ₹166 crore in the third quarter of the current fiscal year.
