OYO Announces Rs 166 Crore Profit in Q3 with 31% Revenue Growth
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Synopsis
OYO has reported a remarkable financial performance in Q3 FY25, with a profit after tax of Rs 166 crore and a revenue increase of 31% to Rs 1,695 crore, driven by its operations in India and the US.
Key Takeaways
- Profit after tax of Rs 166 crore in Q3 FY25.
- 31% revenue growth to Rs 1,695 crore.
- Adjusted EBITDA increased to Rs 249 crore.
- Gross booking value surged to Rs 3,341 crore.
- Strategic acquisitions include G6 Hospitality and Checkmyguest.
New Delhi, Feb 9 (NationPress) The travel technology giant OYO announced impressive financial results for the third quarter (Q3) of FY25, achieving a profit after tax (PAT) of Rs 166 crore.
This marks a considerable increase from Rs 25 crore during the same timeframe last year (Q3 FY24).
The company also experienced a 31 percent revenue growth, reaching Rs 1,695 crore in the October-December quarter (Q3), up from Rs 1,296 crore a year prior.
As reported, OYO's adjusted EBITDA for this quarter was Rs 249 crore, representing a 22 percent rise from Rs 205 crore in the same period last fiscal year.
Furthermore, the company's gross booking value (GBV) increased to Rs 3,341 crore, reflecting a 33 percent growth from Rs 2,510 crore in Q3 FY24.
It is important to note that these financial results do not factor in the performance of G6 Hospitality, as the acquisition was finalized only in the third week of December.
For the first three quarters of FY25, OYO reported a total profit after tax of Rs 457 crore, a notable recovery from a loss of Rs 111 crore during the same period last year.
The company's growth trajectory was largely attributed to robust performance in its primary markets of India and the US.
Moreover, emerging markets in Southeast Asia and the Middle East significantly contributed to the company’s expansion.
OYO is actively engaging in strategic moves to enhance its market presence.
The company is emphasizing the premiumization of its hotel portfolio in India and has also expanded its global footprint through acquisitions.
Recently, it acquired the US-based G6 Hospitality and the Paris-based rental home platform Checkmyguest.
The global rating agency Moody’s has upgraded its credit rating from B3 to B2 with a stable outlook.
Moody’s forecasts that the company’s EBITDA will hit $200 million in FY25-26, marking its first complete financial year of consolidation after recent acquisitions.
