OYO turns cash flow positive for first time in March quarter: Reports ...Middle East

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OYO turns cash flow positive for first time in March quarter: Reports
source : Business Standard ( Middle East ) () 28
Hospitality tech firm OYO turned cash flow positive for the first time in the fourth quarter of FY2023. The company's Founder & Group CEO Ritesh Agarwal shared the update with OYO employees addressing a townhall virtually on Thursday, sources told PTI. The company is anticipated to end the quarter with nearly Rs 90 crore surplus cash flow, sources said, attributing the increase in bookings across all key geographies, especially in the Europe homes business that is witnessing unprecedented advance bookings both for the upcoming summer season peak and the relatively off-season period from November to March. The company's last reported treasury or cash corpus on the balance sheet is around Rs 2

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