OYO, the travel tech unicorn, has reported a significant rise in its net profit for the third quarter of the fiscal year 2025, reaching ₹166 crore, a nearly six-fold increase from ₹25 crore in the same quarter last year. The company’s revenue also saw a substantial growth of 31%, climbing to ₹1,695 crore from ₹1,296 crore a year earlier. This marks a turnaround from the flat topline growth observed in FY24.
Additionally, OYO achieved an adjusted EBITDA of ₹249 crore, a 22% increase from ₹205 crore in the previous year. The gross booking value (GBV) reached ₹3,341 crore, showing a 33% growth from ₹2,510 crore in Q3 FY24. These figures exclude the financials of G6 Hospitality, which OYO acquired in the third week of December.
For the first nine months of FY25, OYO reported a profit after tax (PAT) of ₹457 crore, compared to a loss of ₹111 crore in the same period last year. The company’s growth was primarily driven by strong performance in its core markets of India and the US, with emerging markets in Southeast Asia and the Middle East also contributing significantly.
OYO’s recent strategic initiatives, including premiumisation efforts in its India portfolio and acquisitions of US-based hotel major G6 Hospitality and Paris-based rental home player Checkmyguest, have played a crucial role in this positive financial performance. Global rating agency Moody’s upgraded OYO’s rating to B2 from B3, maintaining a stable outlook.
