OYO's Profitable Turnaround: Key Highlights

First-Ever Annual Profit: OYO reported a net profit of ₹229 crore in FY24, marking its first profitable year.

Revenue Growth: Despite a 1.3% YoY decline in FY24 revenue to ₹5,388.78 crore, projections for FY25 indicate a rise to over ₹6,700 crore.

Post-Pandemic Recovery: After the downturn during the pandemic years, OYO has nearly doubled its revenue between FY21 and FY25.

Operational Efficiency: The company has focused on improving operational metrics, leading to sustained profitability.

Strategic Expansion: OYO continues to expand its footprint, leveraging technology to enhance customer experience and partner engagement.

Source: https://inc42.com/features/oyo-builds-its-tower-of-profits/

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