Tech
OYO-Owned Innov8’s Profit Plunges 97% To INR 1 Cr
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SUMMARY
The company would have slipped into loss if not for a deferred tax gain of INR 4.3 Cr, posting a loss before tax of INR 3.2 Cr during the year
The decline in profit came despite Innov8’s operating revenue surging 117% to INR 114.5 Cr in FY25 from INR 52.7 Cr in the previous fiscal year
Innov8 said in its annual report that its EBITDA zoomed 76% YoY to INR 30 Cr and EBITDA margin stood at 24%
Managed workspaces provider Innov8
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