On May 8, 2025, global travel technology platform OYO, headquartered in Gurugram, Haryana, India, reported a net profit of ₹623 crore for FY25, becoming the most profitable Indian startup. The company’s profit rose 172% from the previous year and marked ten straight quarters of EBITDA profitability, supported by its premium hotel portfolio and global expansion.
OYO, a global travel technology company headquartered in Gurugram, Haryana, has emerged as the most profitable Indian startup for the financial year 2024–25 (FY25), reporting a profit after tax (PAT) of ₹623 crore. This announcement was made by Founder Ritesh Agarwal during a company-wide townhall, according to sources familiar with the development.
Founded in 2013, OYO (Oravel Stays Ltd.) operates a tech-driven platform that connects travelers with affordable and premium accommodations across the globe. Backed by global investors including SoftBank, the company has steadily expanded its reach and offerings, particularly in the mid-segment and premium hospitality sector.
As per documents reviewed by PTI, OYO’s PAT surged 172% from ₹229 crore in FY24 to ₹623 crore in FY25. The company also achieved an adjusted EBITDA of ₹1,132 crore, reflecting a 27% year-on-year growth. Notably, this marks the tenth consecutive quarter of EBITDA profitability.
The company’s Earnings Per Share (EPS) increased to ₹0.93 in FY25, up from ₹0.36 in the previous year, signifying a 158% improvement. Additionally, Gross Booking Value (GBV) rose 54% year-on-year to ₹16,436 crore, while revenue grew by 20% to ₹6,463 crore.
During Q4 FY25, OYO reported a 126% jump in GBV to ₹6,379 crore and a 41% rise in revenue to ₹1,872 crore. Its adjusted EBITDA for the quarter also saw a robust 61% year-on-year growth to ₹442 crore.
The company attributed this growth to its expanding portfolio of premium offerings such as Sunday Hotels and Townhouse Hotels, as well as its international operations in the UK, Southeast Asia, Middle East, and through its integration with G6 Hospitality.
As of FY25, OYO’s global network includes around 22,700 hotels and 1,19,900 homes, in addition to 91,300 listings on its platform, reinforcing its position as a major player in the global hospitality space.
