Oyo Q1 FY26 PAT doubles YoY to Rs 200 crore; revenue grows 47% to Rs 2,019 crore

SoftBank-backed Oyo recorded a profit after tax (PAT) of over Rs 200 crore in quarter one of the current fiscal year, as per an email from founder Ritesh Agarwal to the company’s management committee and its shareholders. The email was seen by ET. In a separate notification sent to its shareholders and seen by ET, the company has sought approval to issue bonus shares in a 1:1 ratio, which will double its authorised share capital to Rs 24,31,13,59,300. It has also proposed increasing the ESOP pool by 8.8 crore stock options.

As per the email sent by Agarwal to the company’s management committee, Oyo’s PAT more than doubled year-on-year, rising from Rs 87 crore in quarter one of fiscal year 2025.

The email mentioned that the company's revenue grew to Rs 2,019 crore, up 47% from Rs 1,371 crore in quarter one of fiscal year 2025, and the Gross Booking Value (GBV) reached Rs 7227 crore in quarter one of fiscal year 2026, marking a 144% increase year-on-year from Rs 2966 crore in quarter one of financial year 2025. Agarwal said this was driven by both hotel openings and double-digit same-store growth, premiumization and improved room utilisation.

Agarwal further stated that the bottom line has been driven by ‘strong’ top-line performance in its premium brands like Townhouse hotels, Sunday hotels with disciplined cost management and a firm focus on customer experience. “Our two years of PAT profits now allow us to continue focusing on topline growth, which stands at 47% this quarter, a particularly meaningful achievement given our relatively flat topline in financial year 2024,” Agarwal said in the email.

As per the email, Agarwal said for the full fiscal year 2025, Oyo clocked a GBV of Rs. 16,250 crore and revenue reached Rs 6,252 crore. “Our net profit for financial year 2025 was Rs 244 crore, which reflects the impact of one-time accelerated loan repayment costs,” Agarwal stated.

Agarwal said these repayments are expected to generate a recurring annual benefit of approximately Rs. 50 crore. “A benefit that is already evident in the strong quarter one financial year 2026 performance,” stated Agarwal in his email to the management committee.

“As a reference, IHCL-the leading hotel company in India- delivered quarter one financial year 2026 EBITDA of Rs 637 crore and PAT of Rs 296 crore demonstrating its continued leadership and the bullishness in the hospitality industry,” he added.

Agarwal said looking ahead, the company will continue to scale profitably by ‘enhancing’ customer experience, ‘expanding’ premium offerings, and ‘maintaining’ operational discipline.