Oyo’s Sales

 Oravel Stays, which owns and operates the OYO brand of budget hotels, has reported stronger
financial results for the financial year ended March 2018, during which the company saw its
losses drop by a third, while its Revenue has increased four-fold over the same period.

 The Gurgaon-headquartered company, which counts Japanese telecom, internet and technology
investor SoftBank as one of its key backers, reported a loss from continuing operations of Rs
330.97 crore, a drop of more than 33% for fiscal 2018, compared to Rs 496.31 crore for the
previous financial year, according to its standalone financial statement accessed from research
platform Tofler.

 The narrowing of loss for the 12 month period ended March 31, 2018 was primarily due to a
sharp drop in expenses. The company reported other expenses of Rs 226.91 crore for fiscal 2018,
compared to Rs 390.14 crore for the previous financial year. It, however, did not elaborate what
the other expenses represented.
 Separately, Oravel Stays, which closed a $260 million funding round in September last year,
which was led by SoftBank, and saw Sunil Munjal-led Hero Enterprise and Chinese hotel
management firm China Lodging also joining its investor cap table, saw a four-fold rise in its
total revenue, to Rs 102.19 crore.

 The rise in topline for the financial year 2016-17, has been largely driven by the company seeing
its net booking value almost doubling to Rs 797.88 crore, which has been further pumped up by
the company witnessing a more than 88% rise in used room nights, compared to the previous
fiscal, according to the documents filed by it.

 In its financial statement for the last fiscal, the company has also stated that it has increased its
authorised share capital to Rs 86.8 lakh, up from Rs 44 lakh.