Private EquityScreenerRefer

MARKET INSIGHTS

  • EventsNEWPrivate market milestones
  • NewsPrecize daily pulse
  • BlogsIn-depth articles and opinions

GUIDES

Explore Now
  • Unlisted SharesStep-by-step · KYC
  • BuyingStep-by-step · KYC
  • SellingExit in 24 - 48 hours
  • Pre-IPOReturns · risks · case studies
  • Tax GuideBudget 2026 changes
  1. Home
  2. Unlisted share news
  3. Oyo posts Rs 30-cr profit in Q3; CEO sees consistent rise in PAT

Oyo posts Rs 30-cr profit in Q3; CEO sees consistent rise in PAT

9 Feb 2024

Add as preferred source
Key Takeaways

  • Financial Resilience:

    • Q3 FY24 showcases resilience with an 87.5% profit surge and 15% cost reduction.

  • Strategic Expansion:

    • Plans to launch 400 properties indicate a focus on sustained growth.

  • Confident Projections:

    • Optimistic future outlook and revenue growth highlight strategic financial management.

  • Financial Resilience:

    • Q3 FY24 showcases resilience with an 87.5% profit surge and 15% cost reduction.

  • Strategic Expansion:

    • Plans to launch 400 properties indicate a focus on sustained growth.

  • Confident Projections:

    • Optimistic future outlook and revenue growth highlight strategic financial management.

oyo unlisted shares

Oravel Stays (OYO Rooms)

DRHP filed4.44%

Expert Analysis

Oyo's Robust Q3 FY24: 87.5% Profit Surge, Strategic Cost Reduction, and Upcoming Expansion Plans

Expert Analysis:

  • Q3 Profit Surge: The net profit reached Rs 30 crore, an 87.5% increase from Q2.

  • Operational Efficiency: A strategic 15% reduction in operating costs drives profit growth.

  • Revenue Growth: Founder Ritesh Agarwal reports a 10% YoY revenue increase.

  • Optimistic Outlook: Agarwal's positive stance reflects confidence in future prospects.

Publisher:Financial Express