Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Oyo Hotels is accelerating its initial public offering (IPO) plans as it faces a crucial year-end debt repayment deadline. The company is reportedly targeting a profit after tax (PAT) of ₹1,100 crore for the fiscal year 2025-2026, with an expected EBITDA of ₹2,000 crore during the same period, driven by strong revenue growth and the recent acquisition of Motel 6. Additionally, Lenskart is preparing for its IPO, which is being positioned as a leading new-age firm offering this year, contingent on market conditions. The company is focusing on expanding its global presence and achieving profitability, with over $1 billion in revenue run-rate and new leadership being groomed for future growth.
📢 SOURCES TO @CNBCTV18News OYO estimates profit after tax (PAT) to hit Rs 1,100 cr in FY25-26, @riteshagar tells leadership. Expects EBITDA of Rs 2,000 cr for the same period, on the back of a strong top-line growth, buoyed by the recent Motel 6 acquisition. @Aish_19_Anand https://t.co/npCYwAaQAZ
Spoke to @peyushbansal amid IPO preparations of Lenskart—billed as the top new-age firm IPO this year, contigent on market conditions. More on going public, scaling an Indian brand globally and what remains key to profits at an over $1B revenue run-rate. New leadership groomed https://t.co/AtyRr2iQQW
New: Oyo Hotels is speeding up plans for an IPO, as an important year-end debt repayment deadline approaches https://t.co/jiZjL46Yc0 via @technology