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Hospitality majorCreports Rs 229 crore net profit in FY24  Travel tech firm Oyo on Wednesday reported its first-ever profit after tax (PAT) of Rs 229 crore for FY24, as adjusted EBITDA grew by 215 per cent to reach Rs 877 crore, up from Rs 277 crore in FY23.  The hospitality major reported earnings per share (EPS) at approximately Rs 0.36 in FY24, a turnaround from the loss per share of Rs 1.93 in FY23. “One big learning for me over the years is under promise and over deliver. Lots of improvements still left to do. Proud of wha...
Hospitality majorCreports Rs 229 crore net profit in FY24
Hospitality majorCreports Rs 229 crore net profit in FY24
Source: IANS
2024-08-14 02:07:52 pm
OYO clocks 1st-ever profit in FY24 at Rs 100 crore, says CEO Ritesh Agarwal Ritesh Agarwal, Founder and CEO of global hospitality chain OYO Rooms, on Thursday said the company registered its first profitable financial year in 2023-24, with net profit at Rs 100 crore.  Agarwal said in a post on social media platform X that these are provisional numbers, “but the audited financials will likely be close to these”. He said the company’s maiden net profitable financial year was at nearly Rs 100 crore. “This was our eighth consecutive ...
OYO clocks 1st-ever profit in FY24 at Rs 100 crore, says CEO Ritesh Agarwal
OYO clocks 1st-ever profit in FY24 at Rs 100 crore, says CEO Ritesh Agarwal
Source: IANS
2024-05-30 02:39:19 pm
ITC`s Hotel Group expands in Rajasthan with `Mementos Jaipur` ITC’s Hotel Group announced the opening of Mementos by ITC Hotels, Jaipur, its second Mementos property in India, after Mementos Udaipur.  Growing through the asset right strategy, ‘Mementos Jaipur’ is another addition to the ‘managed’ portfolio of the group. With this addition, ITC’s Hotel Group now has 14 operating properties across various brands in Rajasthan with a few more in the pipeline. Anil Chadha, Chief Executive, ITC Hotels said, &l...
ITC`s Hotel Group expands in Rajasthan with `Mementos Jaipur`
ITC`s Hotel Group expands in Rajasthan with `Mementos Jaipur`
Source: IANS
2024-05-27 05:44:03 pm
Every global brand wants to be in India: OYO's Ritesh Agarwal Ritesh Agarwal, Founder, and CEO of global hospitality chain OYO Rooms, on Saturday said this is the ideal time for global companies to come and start a business in the country, which offers a conducive atmosphere amid friendly government policies. In a post on X, Agarwal who is a popular 'Shark Tank India' judge, said that today, every global brand wants to be in the country. "From being the back office for the world to being the talent capital for the world, India has com...
Every global brand wants to be in India: OYO's Ritesh Agarwal
Every global brand wants to be in India: OYO's Ritesh Agarwal
Source: IANS
2024-04-21 09:18:51 am
From Zomato to Oyo, massive surge in orders, bookings on New Year`s Eve  Food delivery platforms like Zomato and Swiggy and quick commerce platforms like Blinkit and Zepto, along with hospitality major Oyo, saw highest-ever orders and bookings on the New Year's Eve, compared to previous years. The quick grocery and food delivery platforms received huge orders as revellers preferred to stay home to celebrate the New Year. “We have delivered almost as many orders on NYE 23 as we did on NYE 15, 16, 17, 18, 19, 20 combined. Excited about the futu...
From Zomato to Oyo, massive surge in orders, bookings on New Year`s Eve
From Zomato to Oyo, massive surge in orders, bookings on New Year`s Eve
Source: IANS
2024-01-01 11:07:12 am