OYO Q3 results: PAT rises nearly 6 times to Rs 166 cr, revenue up 31%
OYO has recorded a remarkable financial performance in the third quarter of FY25, posting a profit after tax (PAT) of Rs 166 crore, a nearly six-fold increase from Rs 25 crore in the same period last year. The company’s revenue surged to Rs 1,695 crore, marking a robust growth of 31% compared to Rs 1,296 crore in Q3 FY24. This growth signifies a significant turnaround for the company, especially after a relatively flat topline growth in FY24, showcasing its renewed focus on revenue generation.
In addition to the impressive revenue figures, OYO’s adjusted EBITDA stood at Rs 249 crore for the quarter, reflecting a 22% increase from Rs 205 crore in the same period last year. This growth in profitability highlights the company’s operational efficiency and its ability to scale its business effectively. The gross booking value (GBV) also saw a substantial rise of 33%, reaching Rs 3,341 crore in Q3 FY25, compared to Rs 2,510 crore in Q3 FY24. This surge in GBV reflects the growing demand for OYO's services and the expanding reach of its platform.
Notably, these results exclude the financials of G6 Hospitality, which OYO acquired in mid-December 2024. The acquisition is expected to have a substantial impact on OYO’s financial performance in the coming quarters, particularly in the US market. The company's strong growth trajectory is attributed to the robust performance in its core markets of India and the United States, along with the increasing contributions from emerging markets in Southeast Asia and the Middle East.
Sectoral Indices
| Year | Revenue (In crores) | Profits/Loss (In crores) |
|---|---|---|
| FY 2021 | 3,961 | -3,943 |
| FY 2022 | 4,781 | -1,940 |
| FY 2023 | 5,464 | -1,287 |
| FY 2024 | 5,388 | 229 |
For the first nine months of FY25, OYO has reported a PAT of Rs 457 crore, a significant turnaround from a loss of Rs 111 crore during the same period in FY24. This consistent growth in profitability further underscores OYO's ability to deliver strong financial results across diverse markets. According to sources close to the company, the strategic focus on revenue growth has proven successful, and OYO is now well-positioned for continued expansion.
The company’s recent strategic initiatives, including premiumisation of its India portfolio and acquisitions like G6 Hospitality and Checkmyguest, have played a key role in driving this growth. These moves have not only enhanced OYO's global footprint but have also reinforced its position as a leading player in the hospitality sector. Global rating agency Moody's recently upgraded OYO’s credit rating to B2 from B3, reflecting the company’s improved financial standing and growth potential. With these strong results and strategic investments, OYO is poised for further success in the coming years.