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.
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.
Birla Opus Paints, part of Aditya Birla Group company Grasim Industries, has opened its first-ever…
Bharat Dynamics share price has been strong bullish momentum for the last few days. Rising…
Benchmark indices opened marginally lower on Friday morning as uncertainty surrounding US trade policies and…
This article is an on-site version of our Europe Express newsletter. Premium subscribers can sign…
Crude oil futures remained steady on Friday morning as uncertainty around US tariffs continued to…
Shares of Inox Wind, a fully integrated wind energy solutions provider, surged 11% in today's…