oyo hotels  homes has shelved some of its grand overseas ambitions but the slimmed down softbankbacked indian startup looks stronger too if the recovery in budget travel which is oyo’s bread and butter can gain a bit of steam the company would be relatively well placed for a public listing even in a tough market oyo which is incorporated as oravel stays on monday disclosed data showing narrower losses and a rebound in sales for the year ended in march for the first quarter of the current fiscal year the company managed an operating profit—a pleasant surprise for a company with a long history of losses