OYO most profitable startup in FY25 with ₹623 cr profit: Ritesh Agarwal

Q: How long will it take to read this news story?

The story "OYO most profitable startup in FY25 with ₹623 cr profit: Ritesh Agarwal" has 407 words across 14 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "OYO most profitable startup in FY25 with ₹623 cr profit: Ritesh Agarwal" was covered 13 hours ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 343 news stories per day. It's most recent story was published 3 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Positive, indicating that people regard this as "good news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #28491239</li><li>URL: https://tessjds.beamstart.com/news/oyo-most-profitable-startup-in-17467002134776</li></ul>

Business Standard Logo Business Standard 13h ago

OYO most profitable startup in FY25 with ₹623 cr profit: Ritesh Agarwal - Business Standard

Quick Summary:

Global travel tech platform OYO has become the most profitable Indian startup with a profit after tax of Rs 623 crore in the 2024-25 financial year, Founder Ritesh Agarwal told employees in a townhall on Thursday, sources said.

According to documents accessed by PTI, as per its unaudited financials, the company's FY25 PAT (profit after tax) grew 172 per cent from Rs 229 crore in the preceding year.

It achieved an adjusted EBITDA of Rs 1,132 crore in FY25, compared to Rs 889 crore in the year-ago fiscal, registering a 27 per cent year-on-year growth and its tenth consecutive quarter of EBITDA profitability.