OYO Q3 results: Net profit surges sixfold, revenue up 31% – CNBC TV18

OYO has reported sixfold increase in its net profit for the third quarter of FY25 (October-December). The company’s profit after tax (PAT) stood at ₹166 crore, compared to ₹25 crore in the same period last year.

The company’s revenue for the quarter was ₹1,695 crore, reflecting a 31% year-on-year increase.

EBITDA for the period stood at ₹249 crore, up from ₹205 crore in Q3 FY24.

The gross booking value (GBV) for the quarter was ₹3,341 crore, marking a 33% increase from ₹2,510 crore in the previous year.

For the first nine months of FY25, OYO reported a profit of ₹457 crore, compared to a loss of ₹111 crore in the same period last year. The company attributed its performance to growth in India and the US, along with contributions from Southeast Asia and the Middle East.

OYO has expanded its premium hotel portfolio and made acquisitions, including G6 Hospitality in the US and CheckMyGuest in Paris.

The company has also increased investments in hotel quality and customer experience.

Moody’s has upgraded OYO’s rating from B3 to B2 with a stable outlook. The rating agency expects the company’s EBITDA to reach $200 million in FY25-26.

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