OYO, led by Ritesh Agarwal, reported a net profit of Rs 158 crore in Q2FY25, a substantial turnaround from the previous year's loss of Rs 50 crore in the same quarter.
The company's revenue in Q2FY25 stood at Rs 1,578 crore, reflecting a 12% increase compared to the previous quarter.
OYO's focus on launching higher-end, company-serviced hotels has played a critical role in boosting both revenue and customer satisfaction.
OYO recently made strategic acquisitions of G6 Hospitality and CheckMyGuest to fuel its expansion.