{"id":844922,"date":"2024-08-16T09:54:55","date_gmt":"2024-08-16T04:24:55","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=844922"},"modified":"2024-08-16T10:00:36","modified_gmt":"2024-08-16T04:30:36","slug":"oyo-posts-first-ever-annual-profit-of-rs-229-crore-in-fy24-eyes-expansion","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/16\/oyo-posts-first-ever-annual-profit-of-rs-229-crore-in-fy24-eyes-expansion\/","title":{"rendered":"Oyo posts first-ever annual profit of Rs 229 crore in FY24, eyes expansion"},"content":{"rendered":"<p>During the financial year 2023-24 (FY24), hospitality major Oyo reported its first-ever profit after tax (PAT) of Rs 229 crore, according to the company&#8217;s annual report. <\/p>\n<p>This comes on the back of eight consecutive quarters of positive-adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda). <\/p>\n<p>The company&#8217;s adjusted Ebitda grew by 215 per cent to Rs 877 crore during the year from Rs 277 crore in FY23.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>During the financial year 2023-24 (FY24), hospitality major Oyo reported its first-ever profit after tax (PAT) of Rs 229 crore, according to the company&#8217;s annual report. This comes on the back of eight consecutive quarters of positive-adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda). The company&#8217;s adjusted Ebitda grew by 215 per cent to Rs 877 crore during the year from Rs 277 crore in FY23.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9,34,4],"tags":[],"class_list":["post-844922","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-it-2-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/844922","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=844922"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/844922\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=844922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=844922"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=844922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}