Oyo reports revenue of Rs 1.5k crore in Q1

NEW DELHI: Hospitality and travel tech firm Oyo has reported a revenue of Rs 1,459 crore in the three-month period ended June 30, 2022, according to a regulatory filing.
The IPO-bound company, which had last year in October filed preliminary papers with Sebi to raise Rs 8,430 crore through an initial share sale, also posted an “adjusted ebitda” of Rs 7. 3 crore in the quarter under review.
For FY22, revenue from contract with customers was at Rs 4,781 crore. In FY21, it was at Rs 392 crore, Rs 13,168 crore in FY20 and Rs 6,330 crore in FY19, it added. According to the filing, Oyo’s restated loss for the three-month period ended June 30, 2022 stood at Rs 414 crore. In the fiscal ended March 31, 2022 it had posted a loss of Rs 1,940 crore.
Oyo said its total number of ‘storefronts’ was down at 1,68,012 in the quarter ended June 30, 2022 from 1,68,639 as on March 31, 2022.

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