Oyo parent Prism posts ₹994 crore FY26 profit, aided by ₹678 crore tax credit
Prism reported FY26 revenue from operations of ₹9,358 crore, up 50%, while GBV rose 88.5% to ₹30,683 crore. EBITDA more than doubled to ₹2,594 crore, supported by premium and serviced hotels, operating leverage and G6 Hospitality. The company is considering a ₹6,650 crore IPO.
What happened
Oyo parent Prism reported FY26 profit of ₹994 crore and revenue of ₹9,358 crore, supported by premium and serviced hotels, operating leverage and G6
Key facts
- FY26 net profit ₹994 crore, up from ₹245 crore
- Deferred-tax credit ₹678 crore
- Revenue from operations ₹9,358 crore, up 50%
- EBITDA ₹2,594 crore, more than doubled
- GBV ₹30,683 crore, up 88.5% from ₹16,279 crore in FY25
- FY26 first-nine-month profit ₹748 crore and revenue ₹6,941 crore
- Proposed IPO size ₹6,650 crore
Why this matters
G6 Hospitality and premium hotel growth are expanding Prism’s scale and profitability, making integration execution and portfolio mix key strategic watchpoints.
What to watch
- IPO filing timing, proposed primary versus secondary issuance mix and valuation guidance.
- FY27 EBITDA margin and operating cash-flow performance excluding tax-credit effects.
- G6 Hospitality revenue, occupancy, franchise retention and synergy milestones.
- GBV growth versus revenue growth, indicating take-rate and mix changes.
- Hotel partner churn, customer-acquisition costs and discounting levels.
- Any tax-credit accounting disclosures or changes in effective tax rate.
- Advance IPO preparation, including updated financial disclosures emphasizing recurring profitability and cash generation.
- Expand premium, serviced and managed hotel inventory in high-demand domestic and international markets.
- Integrate G6 Hospitality operations to capture procurement, distribution, technology and occupancy synergies.
- Use improved financial credibility to renegotiate debt, secure partner supply and selectively pursue acquisitions.