New Delhi, October 14 (PTI) ‘s technology-powered hotel brand Bloom, said on Tuesday that its revenue from 36.14 percent revenue rose to £ 357.50 in FY 2024-25, higher than £ 262.60 in the previous fiscal, according to the annual consolidated financial statements. In particular, the company has scaled its annual turnover 6 times over the past three years and has grown from £ 58 in FY22 to over £ 357 in FY25. Bloom’s ebitda (earnings before interest, tax, depreciation and amortization) stood at £ 75.01 crore and the profit after tax (PAT) was £ 15.20 crore in FY25. After recently reaching Breakeven, Bloom intends to continue to drive the growth of revenue while maintaining profitability, with capital efficiency that remains its primary financial metric, the company said in a statement. “We intend to continue income and profit growth within the range of 30-35 percent in the coming years without compromising capital efficiency, profitability and products at the heart of Bloom’s expansion plans.” We are still only about 1 in 20 hotels that approach us to join the platform and will continue to maintain this discipline. The market can easily take up 100,000 rooms, but we would rather come to our own pace with sustained profitability and product, “said Bloom chief operating officer Sjeev Sethi. From standards, it intends to reach a room count of more than 5,000 rooms soon, with more than 75 percent of its hotels in Tier 1 cities and is now actively investigating Tier 2 and even Tiger 3 cities for the next large growth to 25,000 rooms.
Bloom Hotels Posts £ 357 CR income in FY25
