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Oyo reports $20m Q3 profit, 31% revenue growth
Hospitality technology company Oyo reported a profit after tax (PAT) of 166 crore rupees (US$20 million) for the October-December quarter of FY25.
This represents a significant increase from 25 crore rupees (US$3 million) during the same period last year.
The company’s revenue grew by 31% year-on-year, rising to 1,695 crore rupees (US$204 million) from 1,296 crore rupees (US$156 million).
Documents reviewed by PTI show that Oyo’s adjusted EBITDA was 249 crore rupees (US$30 million) for Q3 FY25, a 22% increase from 205 crore rupees (US$25 million) a year prior.
Recent Oyo developments
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04-Feb-2025 🏨 Oyo to invest $60m in premium UK hotels
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28-Jan-2025 💼 Oyo-backed coworking space raises $12.7m for expansion
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20-Jan-2025 📈 Oyo set to file IPO by Q1 FY25: sources
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16-Jan-2025 💼 Oyo investors plan to sell stake at $3.9b valuation
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05-Jan-2025 💰 Oyo nets $64.1m in funding led by Redsprig Innovation Partners
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