Surge in bookings, cost cutting fuel 8-fold surge in IPO-bound OYO's Ebitda

IPO-bound hospitality major OYO recently recorded an eight-fold increase in its adjusted Ebitda, from Rs 7 crore in Q1FY23 to Rs 56 crore in Q2FY23. This has been fueled by the company's move to put a leash on runaway expenses, and an increase in bookings as consumer travel returns, according to company filings.
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