Key Points
The companys cash corpus on the balance sheet is Rs 2,700 crore.AgenciesIn.
In an internal employee town hall held on Thursday, Oyo conveyed to its employees that it has turned cash flow positive in the fourth quarter of FY23...
In December last year, the market regulator asked the company to update the DRHP after Oyo submitted its updated financial results for the first half of fiscal 2022-23 with its maiden adjusted operating profit and said potential investors needed to be made aware of the material uptick in its performance...
Oyo founder Ritesh Agarwal told employees in a town hall last month that the company could post adjusted earnings of nearly Rs 800 crore before interest, tax, depreciation and amortisation in the upcoming financial year 2024...
Oyos revenue for financial year 2023 is expected to be more than Rs 5,700 crore, up 19% from the Rs 4,780 crore it posted in financial year 2022, according to information shared during the town hall meeting last month...
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