Oravel Stays (OYO Rooms) Unlisted Shares
Oyo expects consistent PAT rise in upcoming quarters, CEO Ritesh Agarwal tells employees
The Economic Times
2 min read
Oyo Projects Sustained Profit Growth with Q3 FY24 PAT Doubling to Rs 30 Crore; Adjusted EBITDA Expected to Surpass Projections
Expert Analysis:
Profit Surge:
Oyo's Q3 FY24 PAT doubles sequentially to Rs 30 crore.
Consistent Growth:
Founder Agarwal anticipates a sustained PAT rise with enhanced patron confidence and improved customer experience.
Financial Strength:
Adjusted EBITDA is projected to increase from Rs 750 crore in FY23 to Rs 1,000 crore in FY24, surpassing initial estimates.
Sustained Growth:
Oyo's robust Q3 performance positions it for consistent PAT growth, reflecting enhanced customer confidence.
Optimistic Outlook:
Anticipation of adjusted EBITDA reaching Rs 1,000 crore in FY24 underscores Oyo's financial strength and positive market conditions.
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