MUMBAI (Reuters) – Softbank-backed Indian hotel aggregator Oyo Hotels and Homes Pvt Ltd reported a smaller loss for the July-September period compared with the previous quarter, in an update to its initial public offering prospectus released on Saturday.
The company reported a net loss of 3.33 billion rupees($40.77 million) in the second quarter of the financial year compared with a loss of 4.14 billion rupees in the first quarter. The company’s financial year runs from April 1 to March 31.
Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) for the second quarter rose to 560 million rupees from 70 million rupees in the first quarter. Adjusted EBITDA refers to earnings adjusted for asset depreciation and hotel transformations, among other factors, according to the company’s prospectus.
The company reported a 24% increase in revenue during the first half of the year, to 29.05 billion rupees. It did not disclose a quarterly revenue figure.
The monthly revenue per hotel, or gross booking value, rose 69% year-on-year to 348,000 rupees.
Oyo Hotels first filed to go public in October 2021 but it has delayed the share sale due to market conditions.
($1 = 81.6850 Indian rupees)
(Writing by Ira Dugal; Editing by Edmund Klamann)
Note:- (Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor. The content is auto-generated from a syndicated feed.))
Very descriptive article, I liked that bit.
Will there be a part 2?
Having read this I believed it was rather informative. I appreciate you spending some time and
effort to put this informative article together. I once again find myself personally spending way too much time both reading and leaving comments.
But so what, it was still worthwhile!
https://w4.angka6d.org/
中統元年）、モンゴル帝国の第5代皇帝（大カアン）に即位したクビライ・ また、アテネ国際空港とターミナルAおよびBを結ぶ空港バスX93系統も運行されている。幕末に流行した頼山陽の『日本外史』では、弘安の役について「元主（クビライ）、我が再び使者を誅するを聞き、則ち憤恚して、大に舟師を発し、漢・