OYO
Founded by Ritesh Agarwal in 2012, OYO Rooms is a global hospitality chain offering budget-friendly hotels, homes, and living spaces. With a standardized approach, OYO ensures consistency in quality and amenities across its properties, leveraging technology and operational expertise to enhance customer experience.
- Fundamentals
- Key Financials
- Shareholding
- About Co.
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Book Value
₹ 1.30
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EPS
₹ 0.36
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ISIN
INE561T01021
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Face Value
₹ 1
- Profit & Loss
| (in Rs. Crore) | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|
| Revenue from Operations | 5388.7 | 5464 | 4781.4 | 3961.7 | 13168.2 | 6332.1 |
| Growth % | -1% | 14% | 21% | -70% | 108% | 0% |
| Operating Expenses | 4681.6 | 5837.8 | 5941.2 | 5984.3 | 19330.8 | 8767.7 |
| Growth % | -20% | -2% | -1% | -69% | 120% | 0% |
| Operating Profit | 707.1 | -373.9 | -1159.9 | -2022.7 | -6162.7 | -2435.7 |
| Op. Profit Margin % | 13% | -7% | -24% | -51% | -47% | -39% |
| Other Income | 162.9 | 154.9 | 113.2 | -59.2 | 154.1 | 188.7 |
| Interest Expense | 843.8 | 681.6 | 745.7 | 559.9 | 741.2 | 10.6 |
| Depreciation | 200.3 | 280.3 | 298.8 | 391.8 | 2728.2 | 70.1 |
| Exceptional Items | -409.8 | 105.4 | 27.6 | 1001.1 | 1643.9 | 0 |
| Discontinued Operations | 0 | 0 | 200 | 141.6 | -2026.1 | 0 |
| Profit Before Tax | 235.7 | -1286.3 | -1918.9 | -3893.1 | -13148 | -2327.6 |
| Tax | 6.41 | 0.2 | 22.8 | 43.8 | -18.2 | 5.7 |
| Tax % | 3% | 0% | -1% | -1% | 0% | 0% |
| Profit After Tax | 229.3 | -1286.5 | -1941.7 | -3936.8 | -13130 | -2333.3 |
| Growth % | 118% | -34% | -51% | -70% | 463% | 0% |
| PAT % | 4% | -24% | -41% | -99% | -100% | -37% |
| Diluted EPS | 0.36 | -0.8 | -1.1 | 0 | 0 | -1.2 |
| (in Rs. Crore) |
|---|
- 2024
COMPANY OVERVIEW
Founded by Ritesh Agarwal in 2012, OYO Rooms is a global hospitality chain offering budget-friendly hotels, homes, and living spaces. With a standardized approach, OYO ensures consistency in quality and amenities across its properties, leveraging technology and operational expertise to enhance customer experience.
GLOBAL FOOTPRINT AND NETWORK
OYO boasts a diverse global footprint, spanning across 35 countries. Its extensive network comprises ~18,000 storefronts across India, Southeast Asia, and the United States. Additionally, the company offers a vast selection of ~ 85,000 vacation homes and ~73,000 listings.
GROWTH INITIATIVES
OYO has undertaken several growth initiatives to expand its presence in the market. Key initiatives include:
• B2B venture targeting corporate travel and event planning in India, with notable clients such as Tech Mahindra and Reliance Group.
• An accelerator program for small, first-generation hoteliers, which has already onboarded 1,000 hotels.
• Plans to leverage technology to improve operational efficiency, aiming to automate 85% of voice queries and 90% of emails by the end of 2024 through the deployment of bots.
RECENT ACQUISITIONS
OYO has made strategic acquisitions to expand its offerings:
1. Motel 6 and Studio 6: A prominent budget motel brand in North America, with a franchise network of ~1,500 storefronts across the US and Canada
2. Checkmyguest: A Paris-based premium rental homes company with ~2,000 storefronts.
The acquisition includes housing renovation business (Helpmyguest) and a luxury rental apartment management company (Studio Prestige).
FINANCIAL UPDATE
OYO has achieved profitability, driven by a combination of business growth and cost savings. Key highlights from the Q2 FY25 update include:
• Revenue growth: ₹1,578 crore in Q2, up from ₹1,413 crore in Q1.
• Profit growth: ₹158 crore in Q2 FY25, compared to ₹132 crore in Q1 FY25 and a ₹50 crore loss in Q2 FY24.
• Debt repayment: ₹16.2 billion repaid in November 2023, reducing debt from ₹53.4 billion to ₹37.2 billion.
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Ritesh Agarwal
Founder, Chairman & Non-Executive Director
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Aditya Ghosh
Non-Executive Director
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Bejul Somaia
Non-Executive & Independent Director
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Dr. Deepa Malik
Non-Executive & Independent Director
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Troy Alstead
Non-Executive & Independent Director
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William Steve Albrecht
Non-Executive & Independent Director
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Sumer Juneja
Additional Non-Executive Director
Source: Company Annual Reports
Frequently Asked Questions
Here are few of our frequently asked questions. Got more questions? Feel free to chat with us!
Insights about the market.
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Tue, 5 Nov 2024
4 mins
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