News > IPO-bound OYO reports net loss of Rs 333 crore; EBITDA jumps by 8x

IPO-bound OYO reports net loss of Rs 333 crore; EBITDA jumps by 8x

Travel tech company, OYO reported a net loss of Rs 333 crore in the second quarter down from Rs 414 crore in the first quarter. OYO's adjusted EBITDA grew eight times from Rs 7 crore to Rs 56 crore in the first and second quarter, respectively. The IPO-bound company also mentioned in its addendum that the revenues in H1 of FY23 grew 24 per cent to Rs 2,905 crore.