Oyo registers Rs 158 crore net profit in July-Sept quarter
The SoftBank-backed firm reported gross booking value of Rs 3,243 crore during the September quarter, up 17% from the same period last year. It recorded Rs 1,578 crore in revenue for the three months.
The improvement in the firm’s profit after taxes has come on the back of Oyo’s premiumisation focus with the launch of company-serviced hotels under its Townhouse banner, and other hotel brands.
The hospitality company had made a loss of Rs 50 crore in the same period last year
