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Travel technology system OYO attained an earnings after tax obligation of Rs 158 crore in the 2nd quarter of the present financial finished September
Oravel Stays, the moms and dad firm of OYO, had actually uploaded a loss of Rs 50 crore in the very same duration of the previous year. (Representative picture)
Travel technology system OYO attained an earnings after tax obligation of Rs 158 crore in the 2nd quarter of the present financial finished September, Founder Ritesh Agarwal informed workers in a townhall on Thursday, resources claimed.
Oravel Stays Ltd, the moms and dad firm of OYO, had actually uploaded a loss of Rs 50 crore in the very same duration of the previous year.
During the very first quarter, OYO’s earnings after tax obligation stood at Rs 132 crore.
This brings the firm’s H1 FY25 internet earnings to Rs 290 crore (USD 35 million), noting a turn-around from the Rs 91 crore bottom line reported in the very same duration of the previous financial, the resources claimed.
In Q2 FY25, OYO’s profits rose to Rs 1,578 crore, from Rs 1,413 crore in Q1.
OYO lately introduced its purchase of G6 Hospitality, a US-based economic situation accommodations franchisor and moms and dad firm of the legendary Motel 6 and Studio 6 brand names, from Blackstone.
(This tale has actually not been modified by News18 team and is released from a syndicated information company feed – PTI)
