Oyo reports first-ever PAT of Rs 229 crore

Oyo has reported its first-ever profit after tax (PAT) of Rs 229 crore for financial year 2024, according to the company’s annual report.

This comes on the back of eight consecutive quarters of positive Adjusted EBITDA, the company stated. Oyo’s Adjusted EBITDA grew by 215% to reach Rs 877 crore in FY24, up from Rs 277 crore in FY23.