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

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.