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  3. OYO Projects 3x Rise in FY25 Profit: Rs 700 Cr

OYO Projects 3x Rise in FY25 Profit: Rs 700 Cr

28 Aug 2024

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Key Takeaways

OYO's Founder and CEO Ritesh Agarwal stated in a company town hall that OYO expects PAT to surpass Rs 700 crore in FY25, driven by strong Q1 results and strategic global expansions.

OYO's Founder and CEO Ritesh Agarwal stated in a company town hall that OYO expects PAT to surpass Rs 700 crore in FY25, driven by strong Q1 results and strategic global expansions.

oyo unlisted shares

Oravel Stays (OYO Rooms)

DRHP filed4.44%

Expert Analysis

OYO Projects PAT Over Rs 700 Crore for FY25, Achieves Q1 Turnaround.

Expert Analysis:

  • Profit Projection: OYO projects PAT to exceed Rs 700 crore for FY25, up from Rs 229 crore in FY24.

  • Q1 Performance: Reported PAT of Rs 132 crore in Q1 FY25, a turnaround from Rs 108 crore loss in the same quarter last year.

  • Profit Projection: OYO's FY24 gains, market growth, and reduced interest outgo boost confidence in over Rs 700 crore net profit, potentially tripling EPS to nearly Rs 1.

  •  Growth Drivers: Growth driven by strong performance in India, Southeast Asia, and the U.S. and Strategic expansions in Europe

  • Premium Properties: OYO’s performance in premium properties and key markets underpins this optimistic financial outlook.

Publisher:Money.rediff