India, Sept. 5 -- Hospitality major OYO, which is making preparations for filing its DRHP, posted a net profit of INR 244.8 Cr in FY25, up 7% from INR 229.6 Cr in its maiden profitable year in FY24.

However, OYO's profitability came on the back of a deferred tax gain of INR 765.6 Cr in FY25. This number stood at INR 51.3 Cr in the previous fiscal.

Excluding this, OYO posted a loss before tax of INR 489.3 Cr in FY25 as against a profit before tax of INR 235.8 Cr in the previous year.

It is pertinent to mention that founder and chairman Ritesh Agarwal told the company's employees in May that OYO's profit grew 172% YoY to INR 623 Cr in FY25, as per unaudited numbers. Agarwal also told employees that the OYO's EBITDA rose 27% to INR 1,132 ...