New Delhi, Sept. 12 -- OYO posted its first full-year profit in FY25 as the hospitality chain prepared to launch an initial public offering (IPO) targeting a valuation of $7-8 billion. However, its profit was propped up by tax credits and one-offs, without which it would have reported a loss, the company's annual report for FY25 shows.

OYO reported a consolidated net profit of Rs.244.8 crore in FY25, helped by Rs.767.5 crore in deferred tax credit and exceptional gains. Stripped of these, the company booked a pre-tax loss of Rs.489.3 crore, according to the report.

Revenue from operations rose 16% year-on-year to Rs.6,252.8 crore. Its India business accounted for only 20% ( Rs.1,255.6 crore), registering a muted 4% growth. Debt-led over...