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…
OYO parent company PRISM revealed a substantial 17% increase in net profit to ₹353 crore in the first quarter of fiscal year 2026-27, compared to ₹301 crore in the same period last year. This growth was largely driven by a tax credit of ₹244 crore. Despite the profit boost, PRISM's revenue continued to surge, reaching ₹2,814 crore, nearly 35% higher than ₹2,078 crore in the previous quarter.
The company's gross booking value also expanded by 30% to ₹9,600 crore in Q1 FY27, reflecting strong performance across hotels and vacation homes. PRISM founder and CEO Ritesh Agarwal attributed this success to investments in technology, brands, and distribution capabilities. Founded in 2012, OYO has since expanded into a diverse hospitality network, including holiday homes, coworking spaces, and corporate accommodations, operating in over 35 countries.
PRISM, the rebranded version of OYO's parent company, has secured $3.5 billion in funding and is set to go public, aiming for a valuation of $7 billion to $8 billion.
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