Ritesh Agarwal-led OYO has reported a record net profit of Rs 623 crore in FY25, making it India’s most profitable startup for the year. This marks a 172% rise compared to the previous year, according to unaudited financial figures shared during a town hall by Agarwal himself. The news comes as OYO continues to prepare for its long-awaited IPO, though the timeline may be pushed to early 2026.
Strong Revenue and Growth
OYO’s revenue grew by 20% year-on-year to reach Rs 6,463 crore in FY25. This growth was powered by a 54% increase in Gross Booking Value (GBV), which hit Rs 16,436 crore. A big part of this success came from OYO’s premium hotel categories such as Townhouse and Sunday hotels across India, the UK, Southeast Asia, and the Middle East. The integration of its US-based acquisition, G6 Hospitality, also added to the growth.
The company reported an adjusted EBITDA of Rs 1,132 crore, up 27% from last year. This marks ten straight quarters of EBITDA profitability. In just the fourth quarter, revenue stood at Rs 1,872 crore, a 41% jump from the previous year, while EBITDA reached Rs 442 crore—a 61% increase.
Expanding Market Reach
In the past year, OYO added over 30 new Sunday hotels, expanding its premium hotel portfolio in countries like India, Saudi Arabia, UAE, and others in Southeast Asia. OYO now operates 22,700 hotels, 1.2 lakh homes, and over 91,000 property listings globally. The number of managed properties rose significantly from just 7 in Q4 FY24 to 256 in Q4 FY25.
Earnings per share (EPS) also saw strong growth—reaching Rs 0.93 compared to Rs 0.36 a year ago, a 158% jump. These numbers are drawing more attention to OYO stocks in the unlisted market.
IPO Plans and Share Price Buzz
While OYO originally planned to go public by October 2025, there are now signs the IPO might be delayed until early 2026. SoftBank, OYO’s largest investor with over 30% stake, has reportedly advised waiting for a stronger earnings track record before listing.
OYO had first filed for an IPO in 2021 to raise Rs 8,430 crore (around $1 billion), but pulled it back due to weak market conditions. A smaller, confidential IPO filing in 2023 targeting $400–600 million was also postponed before a $450 million bond issue.
Despite the delays, Ritesh Agarwal recently said the company is confident of reaching Rs 1,100 crore net profit in FY26. Investors tracking the OYO share price in the unlisted market have shown renewed interest due to the company’s improving financials. According to Grow Fast Securities and Credit Pvt Ltd, the Oyo Unlisted Share Price has become a hot topic among pre-IPO investors, with many seeing it as a promising opportunity ahead of the company’s potential public listing.
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