OYO Reports Profits Again, But Still Pushing Hard to Sell Unlisted Shares – What’s Really Going On?

OYO just reported another profit—this time in Q3 FY25 with ₹166 crore in net profit, a 6x jump from the previous year. Revenue is also up 31% to ₹1,695 crore. At the same time, they’re aggressively pushing their unlisted shares in the private market. This doesn’t make sense to me. If a company is doing well, why the rush to sell shares before the IPO? Here’s what I think might be happening: 1) Early Investors Want Out? SoftBank, Sequoia, and other early investors have been stuck for years due to IPO delays. Are they trying to exit while sentiment is good? 2) Real Profitability or Just a Temporary Fix? OYO cut costs drastically, including layoffs and restructuring. Could this be profitability on paper rather than actual sustainable growth? 3) PR & IPO Speculation They keep hinting at an IPO but haven’t set a clear date. Are they trying to hype private investors before a possible valuation cut? *Does anyone have insight into this? Is OYO actually on solid ground, or is something off here?