Annual Report: 2023
Steady Recovery, Profitable Scale & Sustainable Growth
This is the annual report for Oravel Stays Limited (OYO) for the financial year 2022-23.
Corporate Information:
Registered & Corporate Offices: Registered Office: Ahmedabad, Gujarat, India Corporate Office: Gurugram, Haryana, India
Financial Performance (Standalone and Consolidated):
The following financial highlights compare 2022-23 to 2021-22 (amounts in INR Mn.):
| Particulars | Standalone (2022-23) | Standalone (2021-22) | Consolidated (2022-23) | Consolidated (2021-22) | | :--------------------------------- | :------------------ | :------------------ | :-------------------- | :-------------------- | | Revenue from contracts with customers | 254.47 | 178.49 | 54,639.45 | 47,813.62 | | Operating expenses | - | - | 31,372.76 | 28,738.22 | | Employee benefits expense | 413.93 | 1,399.58 | 9,184.54 | 11,819.35 | | Other expenses | 1,366.72 | 1,096.78 | 11,517.14 | 12,051.77 | | Total Costs | 1,780.65 | 2,496.36 | 52,074.44 | 52,609.33 | | Adjusted EBITDA | (1,526.18) | (2,317.87) | 2,565.01 | (4,795.71) | | Share based payments cost | 3,632.16 | 4,896.27 | 6,303.86 | 6,798.43 | | Depreciation and amortization expense| 162.98 | 136.66 | 2,802.85 | 2,988.34 | | Finance cost | 1.45 | 2.30 | 6,815.80 | 7,457.10 | | Other Income | 886.48 | 681.86 | 1,377.59 | 1,233.82 | | Loss before exceptional items | (4,436.29) | (6,671.24) | (11,979.91) | (20,805.77) | | Exceptional Items | 209.94 | 6.98 | 1,054.05 | 276.06 | | Loss before tax | (4,646.23) | (6,678.22) | (12,862.79) | (21,188.95) | | Total comprehensive loss | (4,634.12) | (6,681.24) | (13,641.03) | (19,357.37) | | Basic loss per share | (0.77) | (1.11) | (1.93) | (3.51) | | Diluted loss per share | (0.77) | (1.11) | (1.93) | (3.51) |
Reconciliation from EBITDA to Adjusted EBITA for Consolidated Financials (INR Mn.):
| | 2023 | 2022 | | :-------------------------------------- | :--------- | :--------- | | EBITDA | 2,565.01 | (4,795.71) | | Add: Transformation Expenses | 729.94 | 709.50 | | Less: Depreciation of right of use assets | (350.74) | (440.17) | | Less: Interest on lease liabilities | (166.79) | (186.12) | | Adjusted EBITDA | 2,777.42 | (4,712.50) |
State of the Company's Affairs:
Awards and Recognitions:
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