OYO, the travel and hospitality company led by Ritesh Agarwal, has reported a huge jump in profit for the Q3FY25 (third quarter of fiscal year 2024-25). The company’s profit after tax (PAT) reached Rs 166 crore, marking a nearly sixfold increase from the Rs 25-30 crore reported in the same period last year.
This strong financial performance is part of a consistent growth trend for OYO, which recorded a cumulative profit of Rs 457 crore for the first nine months of FY25. This is a significant turnaround compared to the loss of Rs 111 crore in the same period last year.
OYO Revenue Grows by 31% in Q3FY25
OYO’s revenue for Q3FY25 grew by 31% year-on-year, reaching Rs 1,695 crore. This is a sharp improvement compared to the flat revenue growth in FY24.
The company also reported an adjusted EBITDA of Rs 249 crore, which is 22% higher than the Rs 205 crore recorded in the same period last year. The improved profitability reflects OYO’s increasing market demand and operational efficiency.
OYO’s growth has remained consistent across the fiscal year, with the company posting a net profit of Rs 132 crore in Q1FY25 and Rs 158 crore in Q2FY25.
Gross Booking Value Sees 33% Growth
OYO’s gross booking value (GBV) in Q3FY25 reached Rs 3,341 crore, marking a 33% increase compared to Rs 2,510 crore in the same period last year.
These financial results do not yet include revenue from OYO’s recent acquisition of G6 Hospitality, as the deal was finalized in December 2024. This suggests OYO’s earnings could grow even further in the coming quarters.
India-US Lead OYO Market Growth
According to reports, India and the United States continue to be OYO’s strongest markets, with significant growth also observed in Southeast Asia and the Middle East.
OYO’s international expansion has played a major role in its recent success. In August 2024, the company acquired CheckMyGuest, a premium rental homes company in Paris, for Rs 230 crore through a cash and stock deal.
Moody Upgrades OYO Credit Rating
OYO received a boost from global credit rating agency Moody’s, which upgraded its rating from B3 to B2 and maintained a stable outlook for the company.
Moody’s forecasts that OYO’s EBITDA will reach $200 million in FY25-26, marking its first full fiscal year of earnings consolidation following recent acquisitions.
With a rapidly growing international presence, strong financial results, and strategic acquisitions, OYO is positioned for further expansion in the travel and hospitality industry.
As the company continues to strengthen its business model and improve profitability, it is set to achieve even higher revenue and booking volumes in the coming years.
