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OYO reports revenues of Rs 327 crore in FY18

Oravel Stays Private Limited, the parent company of OYO Hotels and Homes, reported a net loss of Rs 312 crore in its standalone results for financial year 2017-18. The company clocked revenues of Rs 327 crore in its standalone results for the financial year 2017-18, a 200% jump from last the financial year. The company had posted revenues of Rs 108 crore in for financial year 2016-17. Total expenses for the fiscal were reported as Rs 638 crore. In fiscal 2017-18, OYO's employee costs went up to Rs 252 crore, up from Rs 197 crore in 2016-17. 

Read More at The Economic Times News date : 6 Feb 2019, Wednesday

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