Oyo Hotels Reported Net Loss of Rs 333 Crores in the second quarter results.

Image By- ET

Despite the company's losses, some expenses increased.

Image By-  OYO

Employee expenses constituted 18% of revenues, while marketing expenses constituted 14%.

Oyo Hotels and Homes is one of the biggest hospitality brands in the world by room count.

The company also has a European Homes Division. It reported a 4% increase in gross rentals.

Its total GBV increased 33 per cent to Rs 5,028 crore in the first half of the fiscal year.

The company also reported a 24% increase in revenues to Rs 2,905 crore.

According to Oyo Hotels Reported Net Loss, the company's India business is likely to make losses.

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