Oyo clocks Rs 30-crore profit in Q3FY24, founder Ritesh Agarwal tells employees

Oravel Stays which operates hospitality chain Oyo has clocked a profit after tax of Rs 30 crore in the third quarter of this fiscal year. People familiar with the matter told ET Oyo’s founder Ritesh Agarwal told employees in an internal townhall on Friday that it has doubled its profit after tax (PAT) sequentially in the third quarter of this financial year. Oyo declined to comment on the matter.