CONNECT WITH US
Tech

Tech

OYO Parent PRISM’s Profit Jumps 17% YoY To ₹353 Cr In Q1

Inc42 - All News logo

Published on

Add as a preferred source on Google
OYO Parent PRISM’s Profit Jumps 17% YoY To ₹353 Cr In Q1

IPO-bound hospitality chain PRISM, the parent entity of OYO, reported a consolidated profit after tax (PAT) of ₹353 Cr in the first quarter (Q1) of the fiscal year 2026-27 (FY27), up 17.3% from ₹301 Cr in the year-ago period.

According to PRISM’s audited financials seen by Inc42, the profitability came largely on the back of a deferred tax credit of nearly ₹244 Cr in the quarter under review. 

Nevertheless, PRISM continued to grow its top line and generated an operating revenue of ₹2,814 Cr in Q1 FY27. This was nearly 35% higher than ₹2,078 Cr reported in the year ago quarter.

The IPO-bound startup also managed to improve its EBITDA by 24.3% to ₹760 Cr in the quarter under review as against ₹611 Cr in Q1 FY26. On the operational front, PRISM’s gross booking value (GBV) stood at nearly ₹9,600 Cr in the quarter ended June 2026, up nearly 30% from ₹7,408 Cr in Q1 FY26. 

This is largely in line with what PRISM founder and CEO Ritesh Agarwal had said during the company’s extraordinary general meeting (EGM) in October this year.

“Our performance (in Q1 FY27) across segments on hotels or on vacation homes has demonstrated improving gross margins, higher operating earnings, even as we invest in expanding our brands and strengthening customer demand,” Agarwal had said then.

During the EGM, Agarwal also attributed PRISM’s performance to investments made in technology, brands and distribution capabilities over the past few years.

Founded in 2012 by Agarwal, OYO initially operated a budget hotel chain.


Source link
Related Topics:Tech

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.