![]() ![]() Oyo’s revenue for financial year 2023 is expected to be more than Rs 5,700 crore, up 19% from the Rs 4,780 crore it posted in financial year 2022, according to information shared during the town hall meeting last month.ĭon’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. Teams on the ground have ensured that hotels and home supply acquisition is on track and growing steadily,” he had said last month. “Our cash flow has shown improvement and our reliance on external funds has gradually decreased overtime. GeekBuddy Analysis 26 Players Community: 26 Best: 3 60 Min Playing Time Age: 6+ Community: 6+ Weight: 1.60 / 5 Complexity Rating Designer Robert Kiyosaki Publisher Cashflow Technologies, Inc. ![]() “We have a current cash balance of Rs 2,700 crore and we hope we will end up consuming very little of it for existing operations,” he said at the town hall. Cashflow for Kids (1999) An educational game for kid about managing money and expenses. Oyo founder Ritesh Agarwal told employees in a town hall last month that the company could post adjusted earnings of nearly Rs 800 crore before interest, tax, depreciation and amortisation in the upcoming financial year 2024.Īdjusted Ebitda, or operating profit, for Oyo excludes transformation expenses made on assets of its hotel partners.Īgarwal had said during the town hall that the company was taking measures to keep a “healthy” cash runaway and was continuing to operate in a “cost effective” way. In December last year, the market regulator asked the company to update the DRHP after Oyo submitted its updated financial results for the first half of fiscal 2022-23 with its maiden adjusted operating profit and said potential investors needed to be made aware of the material uptick in its performance.
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