Oyo is expected to increase the revenue of January-March, 2025 quarter to more than 60 percent to Rs 2,100 crore.
Ritesh Aggarwal, founder and Chief Executive Officer (CEO) of Oyo, gave this information in the email sent to the top leadership of the company on Monday.
Aggarwal said that a rapid bounce in the fourth quarter revenue reflects the company's ability to pursue durable, profitable growth. Aggarwal said in his message, "We are moving towards registering an annual revenue of more than 60 percent in the fourth quarter of FY 2024-25, which will be more than Rs 2,100 crore." It is an important milestone.
He said that the successful integration of G6 Hospitality has added Rs 275 crore to the company's revenue. Its revenue is strong at Rs 1,886 crore without G6, which shows a strong growth of 42 percent. Oyo acquired G6 Hospitality from Blackstone in 2024 which operates lodging services at about 1,500 sites in the US and Canada under Motel 6 and Studio 6 brands.
Oyo is expected to get a net profit of Rs 1,100 crore for FY 2025-26 and a tax-profit income (Ebita) of Rs 2,000 crore. According to temporary data, Oyo's revenue was Rs 1,636 crore in the third quarter of FY 2024-25, which is 26 percent more than Rs 1,296 crore in the third quarter of FY 2023-24.
OYO Hotel started in India in the year 2013 and on seeing this, the demand of these hotels increased in the country. Oyo rooms now appear from online to offline and from small to big cities. Recently, Oyo Room has once again come into the limelight. The company has made a big change in Oyo's check-in policy.
Oyo has launched a new check-in policy for partner hotels, under this policy, now the unmarried couple will not be able to check in at the Oyo Hotel. It has been started from Meerut and then it will be implemented across the country. However, the question arises that why did Oyo take this step? Is Oyo trying to change the image?
