Oyo reports its first EBITDA positive quarter, reduces FY22 losses

In FY22 revenues were Rs 4,905 crore, up 18 per cent against Rs 4,157.3 crore reported in FY21

SoftBank-backed hospitality technology platform OYO has filed the addendum to the draft red herring prospectus (DRHP) submitted in October last year for its initial public offering (IPO).

Meanwhile, OYO CEO Ritesh Agarwal’s salary has surged 250 per cent YoY, from Rs 1.62 crore in FY21 to Rs 5.6 crore in FY22. 
 

While the company did not comment on the timeline of the IPO, sources said it was eyeing early CY23 for this, but a lot will depend on market conditions.

The company disclosed its latest financial numbers, which include those for 2021-22 and the April-June quarter of FY23. They showed