Oravel Stays Limited, the parent company of OYO, reported a strong consolidated financial performance in FY2024-25, marking its second consecutive profitable year. The company’s results reflect steady revenue growth, margin improvement, and operational discipline across its global portfolio.
OYO’s technology-driven, asset-light model continued to deliver results, supported by expansion in premium properties, vacation homes, and sustained demand recovery across domestic and international markets. Strategic acquisitions, notably G6 Hospitality in the United States, contributed meaningfully to scale and diversification.
Financial Overview
| Amount (Rs. Crore) | FY25 | FY24 | YoY Change |
| Revenue from Operations | 6,252.83 | 5,388.79 | 16% |
| EBITDA | 1,083.50 | 887.81 | 22% |
| Profit After Tax (PAT) | 244.82 | 229.58 | 6.6% |
| EBITDA Margin | 17.3% | 16.5% | +80 bps |
| Basic EPS (Rs) | 0.38 | 0.36 | – |
OYO’s consolidated revenue increased 16% year-on-year to ₹6,252.83 crore, driven by improved occupancy, premium segment growth, and rising international contributions. EBITDA rose to ₹1,083.50 crore, demonstrating enhanced cost efficiency and scale leverage. Profit after tax reached ₹244.82 crore, reflecting consistent bottom-line growth despite macroeconomic pressures.
Segment and Geographic Performance
OYO’s business diversification across regions and brands continued to strengthen its financial stability. International markets accounted for approximately 80% of total revenue, while the Indian business contributed the remaining 20%, underscoring the company’s balanced global footprint.
| Segment | FY25 Revenue (Rs. Crore) | Share of total | YoY Growth |
| International Operations | 4,997 | 79.9% | 18% |
| Indian Operations | 1,256 | 20.1% | 11% |
The acquisition of G6 Hospitality strengthened OYO’s position in the US and Canada, expanding its mid-scale hospitality portfolio through Motel 6 and Studio 6 brands. In India, premium brands like Palette Hotels, Townhouse, and Sunday Hotels recorded strong performance, helping OYO capture higher-margin travelers and repeat guests.
Operational Efficiency and Technology
OYO’s technology-first approach remained its competitive edge. The company’s proprietary platform integrates hotel management, pricing, and customer experience systems, optimizing inventory and enabling dynamic pricing.
In FY25, over 70% of all bookings were made through OYO’s digital channels, minimizing third-party costs and improving yield per booking. The integration of AI and predictive analytics improved demand forecasting accuracy, enhanced personalization, and contributed to a significant enhancement in customer satisfaction.
Now let’s dive deep into the key efficiency metrics.
Key efficiency metrics
| Metric | FY25 | FY24 | Improvement |
| Operating expense growth | 8.5% | 10.2% | +1.7 pts |
| Gross booking value (GBV) | Rs. 16,250 Crore | Rs. 10,600 Crore | 53% |
| Debt to equity ratio | 0.52 | 0.74 | Improved |
| EBITDA to revenue ratio | 17.3% | 16.5% | +0.8 pts |
OYO’s operational efficiency improved across all fronts. Despite revenue growth, total operating expenses rose only 8.5%, indicating disciplined cost management. The company also optimized its working capital cycle, maintaining strong liquidity through early debt repayments and refinancing its $830 million Term Loan B (TLB) to extend maturity to 2029 at favorable rates.
Strategic Highlights
- Premium Segment Growth: Expansion of Sunday, Townhouse, and Palette brands across metros and tourist hubs.
- Vacation Homes Expansion: Strengthened presence in Europe through Belvilla, DanCenter, and Traum-Ferienwohnungen.
- AI and Automation: Greater investment in predictive systems for pricing, occupancy, and customer engagement.
- Cost Efficiency: Controlled expense growth with enhanced margin performance.
- Debt Optimization: Refinance of $830 million TLB, extending repayment timeline to 2029.
Future Outlook
OYO plans to build on its FY25 performance through deeper penetration into premium and international markets, particularly the United States and Europe. The company also aims to expand its high-margin vacation home segment and introduce new technology-led services for property owners.
Early FY26 indicators are positive, with Q1 EBITDA of ₹550 crore and a PAT above ₹200 crore, signaling continued momentum and financial stability and growth for Oyo Unlisted Shares.
