Oyo trying to mislead investors with fake accounting: TV Mohandas Pai; Oyo clarifies

  • “There is nothing like an adjusted ebidta. They are trying to misleadĀ  InvestorsĀ  by such fake accounting. Regulators and stock exchanges should stop such misreporting in India.” – said Mohandas Pai.
  • EBITDA is clearly reported & is higher Rs 10.57cr for Q1FY23 than Adj EBITDA of Rs 7.26cr. All numbers are from audited signed financial statements, clarified OYO CFO.

[Via]