Oyo may log positive Ebitda of $50-55 million this FY, says Moody’s

Moody’s Investors Service on Monday said that it expects hospitality major OYO to generate positive Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of around $50-55 million, around Rs 400-450 crore, in the current financial year (FY) 2024.

This comes on the back of a strong recovery in travel, an increase in OYO’s storefronts, as well as various cost optimisation measures recently undertaken by the company, which, according to Moody’s, “has improved its operating performance over the past 12-18 months.”

Excluding share-based payments, OYO has been generating positive EBITDA since April 2022.