OYO vs ixigo FY25 Financials: A Quick Breakdown of India’s Leading Travel Tech Companies

India’s travel tech space saw a major shake-up in FY25.

→ OYO became the country’s most profitable startup.

→ ixigo hit all-time highs with record revenue and margins.

Here’s a simple overview of how both players performed and what it means for investors.

FY25 Financials and Market Snapshot: OYO vs. ixigo

Here's a comprehensive look at the key financial metrics and market standing of both travel tech leaders for FY25:

Metric	OYO	ixigo
Valuation/Market Cap	₹28,524 Cr (Est. Valuation)	₹8,522 Cr (Market Cap)
P/E Ratio	44.08	114.1
P/B Ratio	18.64	13.29
ROE	25.53%	14.73%
Revenue	₹6,463 Cr	₹914.2 Cr
Revenue Growth (YoY)	20%	39%
Profit After Tax (PAT)	₹623 Cr	₹61.5 Cr
PAT Growth (YoY)	172%	128% (Q4 YoY)
Adjusted EBITDA	₹1,132 Cr	₹94.8 Cr
Gross Booking Value (GBV/GTV)	₹16,436 Cr	₹14,971.6 Cr
EPS	₹0.93	-

Note: OYO's P/E, P/B, and ROE are not directly comparable to ixigo's market-based metrics as OYO is currently unlisted. The P/E ratio for OYO is derived from its estimated valuation and reported PAT.

Key Takeaways for Investors

OYO's Profitability Journey:

→ Cracked the Profitability Puzzle: OYO isn't just growing; it's scaling profitably on a global level.

→ Compelling Comeback: FY25 showcased a strong turnaround in its financials.

Growth Drivers:

o    Premium hotel brands (Townhouse, Sunday) expanded rapidly.

o    G6 Hospitality acquisition fueled international revenue (US now contributes 24%).

o    Achieved 10 straight quarters of EBITDA profitability.

o    Maintained an asset-light model with wide reach: 22,700 hotels, 1.2 lakh homes globally.

ixigo's Consistent Performance:

→ Leveraging Digital Travel: A testament to consistent performance in India's booming digital travel market.

→Robust Fundamentals: Strong financial health driven by key growth areas.

Growth Drivers:

o    Impressive 92% GTV growth in flights and buses.

o    Sharp focus on Tier 2 & Tier 3 users through AI-powered technology.

o    Ensured consistent quarterly revenue and profit increases.

o  "Silent Compounding Machine": Steadily increasing its revenue and profits.

Overall Impact: While both companies are clear winners in the travel tech space, OYO's dramatic turnaround and profitability achievement made the loudest impact in FY25, highlighting its successful pivot and operational efficiency.

Sources: Economic Times, UnlistedZone, Moneycontrol, Business Standard, Finology