IPO-bound hotel chain Oyo aims three-fold profit surge to over Rs 700 crore

Multinational hospitality chain Oyo, expected to go public soon, is aiming for a three-fold rise in its profit after tax (PAT) for the current financial year at over Rs 700 crore, founder Ritesh Agarwal said on Wednesday.

Earlier this year, Oyo reported its first PAT of nearly Rs 229 crore for the financial year 2023-24 (FY24). Oyo achieved a PAT of about Rs 132 crore in Q1 FY25, reversing the Rs 108 crore loss from the same quarter last year, Agarwal said.