Ritesh Agarwal-led hospitality company OYO has achieved a historic milestone by becoming India’s most profitable startup in the FY25. During a recent town hall with employees, CEO Ritesh Agarwal announced that OYO recorded a net profit of Rs 623 crore for FY25. This marks a 172% increase over the previous year and highlights the company’s strong financial recovery and growth. The figures, though unaudited, were reviewed by PTI and signal a positive turn for the SoftBank-backed firm.
OYO saw a significant rise in revenue during the year, reaching Rs 6,463 crore—a 20% increase from the previous year. This growth was driven by a 54% surge in Gross Booking Value (GBV), which stood at Rs 16,436 crore. A major factor contributing to this growth was the company’s focus on premium hospitality offerings, especially its Townhouse and Sunday hotel portfolios. The company also gained from the integration of G6 Hospitality, a hotel chain it had acquired in the US.
OYO Delivers Strong FY25 Profit
In FY25, OYO’s adjusted EBITDA touched Rs 1,132 crore, which is a 27% increase compared to Rs 889 crore in FY24. This marks the tenth straight quarter of positive EBITDA for the company. The fourth quarter of FY25 was especially strong, with revenue reaching Rs 1,872 crore—a 41% year-on-year rise. During the same period, EBITDA stood at Rs 442 crore, up 61%, indicating improved cost efficiency and operational strength.
OYO expanded its hotel inventory by adding more than 30 new Sunday hotels in the last year across regions such as India, the UAE, Saudi Arabia, and Southeast Asia. Globally, OYO now has a presence with over 22,700 hotels, 1.2 lakh homes, and more than 91,000 listings. The number of properties under active management grew sharply, from only 7 in Q4FY24 to 256 in Q4FY25. The company also reported a rise in earnings per share (EPS) from Rs 0.36 to Rs 0.93, a 158% improvement.
IPO Plans Delayed but Still on Track
OYO had originally planned to go public by October 2025. However, recent updates suggest the IPO might be delayed to early 2026. SoftBank, which holds over a 30% stake in OYO, has advised caution, urging the company to wait until it shows even stronger financial results. OYO first filed for a Rs 8,430 crore IPO in 2021, followed by a confidential filing in 2023 for a smaller amount, but both were postponed. Still, CEO Agarwal remains confident and expects to reach Rs 1,100 crore in net profit for FY26.
With strong profits, increasing revenue, and a growing global presence, OYO’s FY25 performance shows its ability to scale while maintaining profitability. As it prepares for its IPO in the coming years, the company’s financial strength and global reach could make it one of India’s most successful startup stories.
