Oyo eyes ₹100 cr PAT in Q4, 20% revenue growth in FY24
Business Standard|March 29, 2024
Oravel Stays, the parent company behind the travel tech brand Oyo, is eyeing ₹100 crore in Q4FY24 profit after tax (PAT) and a 20 per cent revenue growth for FY24, according to informed sources.
SHIVANI SHINDE
Oyo eyes ₹100 cr PAT in Q4, 20% revenue growth in FY24

These numbers were part of an internal review meeting between founder Ritesh Agarwal and senior management earlier this week, where he spoke about the company's profitability trajectory and growth in business.

"In a review meeting with Oyo's leaders, Agarwal said this 3X sequential growth in profit is a result of steady topline growth and improved user confidence," said the source. In an email response to Business Standard, the company said, "This appears to be from an internal provisional discussion. We do not have any official comment to offer."

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