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  3. Oyo expects consistent PAT rise in upcoming quarters, CEO Ritesh Agarwa…

Oyo expects consistent PAT rise in upcoming quarters, CEO Ritesh Agarwal tells employees

9 Feb 2024

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Key Takeaways

  • 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.

  • 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.

oyo unlisted shares

Oravel Stays (OYO Rooms)

DRHP filed4.44%

Expert Analysis

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.

Publisher:The Economic Times