OYO's Profit Zooms 2.7X To INR 623 Cr In FY25: Ritesh Agarwal

OYO’s net profit more than doubled year-on-year in FY25, with the hospitality major becoming the “most profitable startup in the country”, its founder and CEO Ritesh Agarwal told employees during a townhall meeting today, as per sources.

The sources said Agarwal informed the employees that the startup’s net profit jumped 172% to INR 623 Cr in FY25 from INR 229 Cr in the previous fiscal year. Its top line grew 20% to INR 6,463 Cr from INR 5,388.7 Cr in FY24, on the back of a 54% year-on-year (YoY) increase in its gross booking value to INR 16,436 Cr.

The SoftBank-backed startup’s adjusted EBITDA grew 27% to INR 1,132 Cr in FY25 from INR 889 Cr in the previous year.

Founded in 2012 by Agarwal, OYO provides affordable accommodations to its customers and also offers premium offerings including luxury hotels, villas and home stays.

(The story will be updated soon.)

The post appeared first on .