Oyo Eyes Profitable Q4, Revenue Growth Ahead of Potential IPO

  • Oyo, the Indian budget hotel chain giant, sets its sights on a profitable fourth quarter and a strong year-end performance.

  • This push for profitability comes as Oyo gears up for a potential initial public offering (IPO).

  • The company is targeting 20% revenue growth for the entire financial year, indicating a positive trajectory.

  • Oyo caters to budget-conscious travelers, offering standardized accommodations across a network of franchised and leased hotels.

  • With the travel sector rebounding post-pandemic, Oyo's performance this quarter could be crucial in shaping investor sentiment for its IPO.

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