Friday, 24 March, 2023

Oyo’s restated losses for FY22 stand at ₹2,140 Cr, down from ₹4103 Cr in FY21, files IPO with SEBI

<p>Multinational hospitality chain Oyo saw its first EBITDA positive quarter and showed improvements in its revenue and deduction in its losses as compared to last year, owing to the rejuvenation of the travel industry in a post-CoVID travel restrictions world. Oyo reported its revenue at ₹4905 Cr for FY22, an 18% rise from its ₹4157.3 Cr revenue in FY21. Additionally, Oyo&rsquo;s losses fell to almost half from ₹3382.5 Cr in FY21 to ₹1892.2 in FY22.<br /> &nbsp;</p>