OYO, a leading travel technology firm, has reported a remarkable profit after tax (PAT) of INR 166 crore for the third quarter of FY25, marking a significant increase from the INR 25 crore recorded in the same quarter last year. This impressive six-fold rise underscores the company’s ability to achieve sustainable profitability.  

 1. Revenue Growth Drives Turnaround  
The company achieved a revenue of INR 1,695 crore in the October-December quarter, reflecting a 31% growth compared to INR 1,296 crore during Q3 FY24. This robust increase stands in stark contrast to the flat revenue growth witnessed in the previous financial year, signaling a strong turnaround in the company’s financial performance.  

2.  Improved Adjusted EBITDA  
OYO recorded an adjusted EBITDA of INR 249 crore in the third quarter, up 22% from the INR 205 crore reported a year ago. This metric highlights the company’s improved operational efficiency and profitability.  

3. Surge in Gross Booking Value (GBV)  
The gross booking value (GBV) for the quarter reached INR 3,341 crore, marking a 33% growth from INR 2,510 crore in Q3 FY24. This growth reflects OYO’s strong market position and its ability to attract higher bookings. Financials related to its recent acquisition of G6 Hospitality were excluded as the deal became effective only in late December.  

4. Strong Nine-Month Performance  
For the first nine months of FY25, OYO posted a PAT of INR 457 crore, a significant improvement compared to a loss of INR 111 crore during the same period last year. This turnaround demonstrates the company’s consistent efforts toward maintaining profitability throughout the financial year.  

5. Focus on Key Markets and Expansion  
OYO’s performance was bolstered by strong growth in its core markets, including India and the United States. Additionally, its operations in Southeast Asia and the Middle East contributed notably to the company’s overall growth. Recent initiatives, such as the premiumisation of its India portfolio and strategic acquisitions of G6 Hospitality in the U.S. and Checkmyguest in Paris, further strengthened its market position.  

 6. Positive Ratings and Future Outlook  
Global rating agency Moody’s upgraded OYO’s rating to B2 from B3, citing the company’s improved financial health. The agency predicts OYO’s EBITDA will reach USD 200 million in FY25-26, marking its first full year of earnings integration with its newly acquired businesses.  

7. Renewed Focus on Revenue Growth  
A source close to the company highlighted that OYO has successfully addressed past concerns regarding its revenue growth trajectory. With a 31% increase in topline, the company’s strategic focus on expanding revenue streams is yielding tangible results.  

Despite repeated queries, OYO has not provided an official statement regarding these financial figures. However, the company’s performance reflects its ability to adapt, grow, and thrive in a competitive market.