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Hospitality Segment News

27 Nov 2022

IPO-bound OYO's EBITDA rises 8 times, loss reduced by 20 per cent

The company`s adjusted EBITDA for Q2 grew eight times from Rs 7 crore in Q1 of Rs 56 crore. The sharp uptick in EBIDTA wasn`t enough to make the company profitable at a net level. It increased by 69 per cent year on year to Rs 3.48 lakh.The total GBV itself grew 33 per cent to Rs 5,028 crore in H1 2022-23.

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