PRISM, the parent company of OYO, reported a consolidated profit after tax of ₹353 Cr for the first quarter of FY27, up 17.3% from ₹301 Cr in the same quarter a year earlier.
The profit was driven largely by a deferred tax credit of nearly ₹244 Cr booked in the quarter, alongside strong top-line growth. Revenue from operations rose about 35% to ₹2,814 Cr, compared with ₹2,078 Cr in Q1 FY26.
EBITDA improved 24.3% to ₹760 Cr from ₹611 Cr a year ago. Gross booking value stood at nearly ₹9,600 Cr for the quarter ended June 2026, up almost 30% from ₹7,408 Cr in the year-ago period.
Founder and CEO Ritesh Agarwal had said at the company's extraordinary general meeting in October that performance across hotels and vacation homes showed improving gross margins and higher operating earnings, even as the company invests in expanding its brands and strengthening customer demand. He credited the results to investments in technology, brands and distribution over the past few years.
The numbers arrive as the company prepares to list. It first filed its draft red herring prospectus with SEBI through the confidential pre-filing route in December last year, and received the regulator's approval for the IPO in June. It then filed an updated draft for a ₹6,650 Cr issue, which will be entirely a fresh issue of shares. The company is said to be eyeing a valuation of $7 Bn to $8 Bn.
Founded in 2012 by Agarwal, OYO began as a budget hotel chain and now offers holiday homes, coworking spaces, motels and corporate stays in more than 35 countries. Its parent, Oravel Stays, rebranded to PRISM last year. The company has raised about $3.5 Bn to date from backers including SoftBank, Lightspeed India, Peak XV Partners and Microsoft.
