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Oyo estimates Rs 1,100 crore PAT for FY26: Founder Ritesh Agarwal Travel tech unicorn OYO estimates its profit after tax to touch Rs 1,100 crore in the next financial year 2025-26, according to projections shared by Founder Ritesh Agarwal with the company's leadership on Wednesday, sources said. The company expects Ebitda of Rs 2,000 crore for the same period, on the back of a strong top-line growth, buoyed by the recent Motel 6 acquisition. Ebitda (earnings before interest, taxes, depreciation, and amortization) is a financial metric that measures a company's profitability and cash flow. Motel 6 is projected to contribute an Ebitda of over Rs 630 crore in the coming financial year, which will be the first full year of its integration, according to sources. This contribution is anticipated to push OYO's combined Ebitda to over Rs 2,000 crore in FY26," said a person aware of the financial projections. OYO recorded a Profit After Tax (PAT) of Rs 166 crore in the third quarter ended December, up nearly six times from Rs 25 crore in the year-ago period, PTI had reported earlier. For the first nine months of FY25, OYO reported a PAT of Rs 457 crore (USD 55 million), compared to a loss of Rs 111 crore (USD 13 million) in the same period of the previous financial year. The company's strategic initiatives, including India premiumization efforts, the acquisitions of G6 Hospitality and CMG, successful equity raise, and recent credit ratings upgrade, have further strengthened its market position, sources said. Global Rating agency Moody's has upgraded OYO's rating to B2 from B3, and maintained the stable outlook.
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Deepinder Goyal-led Zomato's revenue rose 74% year-on-year to Rs 4,206 crore in Q1FY25. Meanwhile, the company's net profit jumped to Rs 253 crore. During the same quarter last year, Zomato posted a net profit of Rs 2 crore and a revenue of Rs 2,
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Billionaire businessman Gautam Adani has increased his stake by 1.32% in Adani Enterprises from the open market in April to June quarter, a statement to stock exchanges stated on June 14.Adani Enterprises had reported a consolidated net profit of Rs
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Ritesh Agarwal-led hospitality giant OYO recorded a net profit of Rs 158 crore and revenue of Rs 1,578 crore in Q2 FY25, PTI reported. This marks a significant turnaround, as the company had posted a net loss of Rs 50 crore during the same period la
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