Summary: OYO, led by Ritesh Agarwal, reported a significant profit after tax (PAT) of Rs 166 crore for the October-December quarter of FY25, nearly six times higher than the Rs 25 crore posted last year. The company’s revenue grew 31% year-over-year to Rs 1,695 crore, marking a strong recovery from flat growth in FY24. Adjusted EBITDA also rose by 22% to Rs 249 crore. For the first nine months of FY25, OYO posted a cumulative profit of Rs 457 crore, compared to a loss of Rs 111 crore during the same period last year, reflecting a solid financial turnaround.
OYO, the travel-tech giant led by Ritesh Agarwal, has reported impressive financial results for the October-December quarter of the fiscal year 2024-25 (FY25). The company generated a profit after tax (PAT) of Rs 166 crore, marking a remarkable nearly sixfold increase from the Rs 25 crore posted in the same period last year. This growth reflects OYO’s strengthened position in the competitive hospitality market and its ongoing recovery after a challenging period.
Revenue Growth and Strong Quarterly Performance
OYO’s revenue for the third quarter of FY25 grew by 31% year-over-year, reaching Rs 1,695 crore. This is a significant turnaround from the flat growth seen in the previous fiscal year (FY24). The increase in revenue is attributed to higher demand for the company’s offerings and effective operational strategies that have led to improved profitability across multiple segments.
Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at Rs 249 crore, up 22% from Rs 205 crore during the same period last year. This surge in adjusted EBITDA further underscores OYO’s successful efforts to drive cost efficiencies and scale operations without compromising profitability.
A Strong Nine-Month Performance
OYO’s positive momentum isn’t limited to the third quarter alone. Over the first nine months of FY25, the company reported a cumulative profit of Rs 457 crore, a remarkable turnaround from a loss of Rs 111 crore during the same period last year. This significant leap in profitability signals the company’s ability to adapt to changing market dynamics and capitalize on growth opportunities in the travel and hospitality industry.
The strong results for FY25 so far underscore OYO’s progress in its ongoing recovery post-pandemic, as it benefits from a rebound in travel demand and improved cost management. The company’s robust financials and expanding footprint in the global hospitality sector suggest it is well-positioned for sustained growth and profitability in the coming quarters.
Future Outlook
As OYO continues to focus on expanding its global reach and refining its technology-driven approach to hospitality, the company is poised for further gains in the months ahead. With strong profitability, increasing revenue, and an improved operational framework, OYO is on track to achieve even greater success in FY25.
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Last Updated on Monday, February 10, 2025 11:53 pm by Startup Times
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