OYO's parent company, Oravel Stays Ltd, reported a net profit of INR 158 Cr in Q2, a sequential increase of 19.6%.
The total net profit for the first half of FY25 reached INR 291 Cr, a significant recovery from the net loss of INR 91 Cr in the same period last year.
OYO's revenue in Q2 FY25 surged to INR 1,578 Cr, up 12% from Q1, driven by the launch of company-serviced hotels under various brands.
The company's EBITDA rose to INR 266 Cr in Q2 FY25, representing a 27.4% increase from the previous quarter.