HomeBusinessIn the second quarter of 2022–23, OYO declares a net loss of...

In the second quarter of 2022–23, OYO declares a net loss of ₹333 crore.

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By lapaasindia
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  • Despite an eight-fold increase in adjusted EBITDA from ₹7 crore in the first quarter to ₹56 crore in the second quarter of 2022–23, hospitality company OYO reported a net loss of ₹333 crore, according to the most recent filing.
  • The deficit was lower than the first quarter’s reported loss of ₹414 crore.
  • Before it looked at the company’s IPO filing, SEBI previously permitted OYO to provide revised financials.

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