OYO records first-ever annual net profit of ₹100 crore in FY24

OYO recorded annual net profit of ₹100 crore in financial year 2024, marking its first-ever profitable year. Sharing the results on X, CEO Ritesh Agarwal added the fourth quarter was their eighth consecutive quarter with positive EBITDA. "I see growth ahead not just in India...but also in other key markets of Nordics, South East Asia, US and UK," he added.