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oyo: Oyo expects consistent PAT rise in upcoming quarters, CEO Ritesh Agarwal tells employees

Agarwal shared the update about the two-fold increase in the company s profit during an employee town hall on Friday.

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OYO Reports Its First Net Profit At RM9 Million

KUALA LUMPUR, Oct 12, 2023 - (ACN/NewsVoir) - Oravel Stays Ltd, which operates travel tech brand OYO, has reported its first-ever profit after tax in Q2 2024. In a letter to the company’s top management, founder Ritesh Agarwal shared that Q2 FY2024 has .

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OYO set to report maiden profit in Q2

Oravel Stays Ltd had clocked an adjusted EBITDA (Earnings Before Interest Tax Depreciation and Amortisation) of Rs 175 crore in the first quarter of financial year 2023-24 (Q1 FY24) between April-June, Agarwal had told employees in a townhall recently, sources said earlier.

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Ritesh Agarwal Says OYO To Turn Profitable In Q2FY24

The parent business of the well-known OYO brand, Oravel Stays Ltd, recently made a shocking announcement: they plan to report their first profitable quarter in Q2FY24, with a predicted profit after tax (PAT) topping Rs 16 crore.

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OYO set to report first ever post-tax profit

OYO set to report first ever post-tax profit
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