OYO, the travel tech unicorn, expects to grow over 60 per cent year over year in revenue in Q4 2025, founder Ritesh Agarwal told the senior leadership. Are these claims too ambitious or realistically achievable? Let’s understand in this blog.
In an email sent to senior leadership, Agarwal said, “We are on track to register over 60 per cent year-on-year revenue growth in Q4 FY25, reaching over Rs 2,100 crore. This marks a significant milestone and highlights our ability to drive sustainable, profitable growth. A key contributor to this performance has been the successful integration of G6 Hospitality, adding Rs 275 crore to our revenue.”
While it may be true that Oyo’s acquisition of G6 Hospitality helped them grow in revenue, this is not the only factor for revenue growth. Even without G6, its revenue stands strong at Rs 1,886 crore, demonstrating robust organic growth of 42 per cent, Agarwal said.
G6 Hospitality, renowned for its Motel 6 and Studio 6 brands, boasts a franchise network of over 150 hotels in 2025 under the Motel 6 and Studio 6 brands, generating gross room revenues of $1.7 billion, offering a strong fee base and cash flow.
Read More: Oyo Announces USD 10 Million Investment in G6 Hospitality.
Oyo is expecting Profit After Tax (PAT) of Rs 1,100 crore and EBITDA of Rs 2,000 crore for FY26. But before believing these claims, investors should first look at the recent financial results of OYO.
OYO Q3 Results: Profit Grows 6X, Revenue Up By 31%
Particulars | In Rs Crores | |
| Q3 FY25 | Q3 FY24 | |
| Revenue from Operations | 1,695 | 1,296 |
| Adjusted EBITDA | 249 | 205 |
| Profit After Tax (PAT) | 166 | 25 |
| Net Cash Inflow from Operating Activities | 475.56 | 188.6 |
| Net Cash Outflow from Investing Activities | –590.40 | –73.80 |
| Net Cash Flow | 295.16 | –90.20 |
| Gross Booking Value (GBV) | 3,341 | 2,510 |
- Profit After Tax (PAT): In Q3 FY25, OYO’s profit after tax soared to ₹166 crore, marking an almost sixfold increase from ₹25 crore in the same period the previous year.
- Revenue Growth: The company’s revenue experienced a significant uptick, reaching ₹1,695 crore in the October-December quarter, a 31% rise compared to ₹1,296 crore in Q3 FY24.
- Adjusted EBITDA: OYO’s adjusted EBITDA for the quarter stood at ₹249 crore, reflecting a 22% increase from ₹205 crore recorded in the corresponding quarter of the previous fiscal year.
- Gross Booking Value (GBV): The gross booking value surged to ₹3,341 crore, representing a 33% growth from ₹2,510 crore in Q3 FY24.
- Nine-Month Performance: For the first nine months of FY25, OYO reported a cumulative PAT of ₹457 crore, a significant turnaround from a loss of ₹111 crore in the same period last year.
Prime Growth Drivers
The impressive growth was primarily driven by strong performances in OYO’s core markets of India and the United States. To strengthen its market position, OYO undertook several strategic initiatives that have improved its market position:
- Premiumisation Efforts: The company focused on enhancing its India portfolio by revamping its portfolio through upgrading hotel infrastructure, improving service quality, and enhancing the overall guest experience. Thus, it captures high-value customers and boosts retention.
- Acquisitions: OYO acquired US-based hotel major G6 Hospitality and Paris-based rental home player Checkmyguest, aiming to expand its global footprint and diversify its service offerings.
Credit Rating Upgrade
Reflecting its improved financial health, global rating agency Moody’s upgraded OYO’s rating to B2 from B3, maintaining a stable outlook. Moody’s estimates that OYO’s EBITDA will reach $200 million in FY 25-26, marking its first full year of earnings consolidation with the newly acquired businesses.
What does a 60% Revenue Growth Mean?
A 60% Quarterly Revenue growth will mean revenue jumping from almost 1,300 crores in Q3 2025 to Rs 2,100 crores in Q4 2025. While prima facie, these target claims may appear too ambitious, if we consider the above growth drivers and the credit rating upgrade, Oyo is now utilising its operational, financial and investing capacity to the maximum. Thus creating significant chances for such revenue and profit growth.
Oyo Planning To Launch IPO In 2025
OYO is preparing to launch its IPO. The NBFC has filed a DRHP(Draft Red Herring Prospectus) with SEBI. OYO IPO aims to raise ₹8,430 crores. This will include an offer for sale of about Rs. 1,430 crores and a fresh issue of equity shares of Rs. 7,000 crores.
Check the detailed Oyo IPO analysis(Click here).
Is It Possible To Buy OYO Shares Before IPO?
Currently, Oyo is not listed on the stock market. However, Oyo stock is actively traded in the unlisted share market. Investors can buy pre-IPO shares and own Oyo shares before they get traded in the listed market.
Interested Investors can buy Oyo Unlisted Shares by clicking here. Check other pre-IPO shares at Stockify.
Oyo Unlisted Share FAQs
Q1: Is OYO getting listed on the stock market?
Oyo has filed its DRHP(Draft Red Herring Prospectus) with SEBI, and it is estimated to be listed by March 25.
Q2: Why did OYO withdraw the IPO?
Oyo withdrew its application due to material changes in finance and its plan to raise money privately.
Q3: Is it legal to buy unlisted shares of OYO in India?
Yes, this is 100% legal and safe to buy unlisted shares of Oravel Stays Ltd (OYO Rooms). However, this is applicable when you buy Oravel Stays Ltd (OYO Rooms) unlisted shares from reliable and known unlisted share dealers. You can request a quote or trade online at Stockify, We are ready to assist you.
