OYO parent Prism posts ₹994 crore FY26 profit as revenue rises 49.7%

IPO-bound Prism reported FY26 revenue from operations of ₹9,358 crore and EBITDA of ₹2,594 crore. Net profit rose four-fold to ₹994 crore, including a ₹678 crore deferred-tax credit. Its planned ₹6,650 crore fresh IPO issue is intended largely for debt reduction.

— Source publishedThu, 27 Aug, 2026, 16:38 IST·First seen Thu, 27 Aug, 2026, 16:45 IST·Source NDTV Profit

What happened

Prism (OYO parent) · IPO-bound OYO parent Prism reported FY26 profit of Rs 994 crore, aided by a Rs 678 crore tax credit, as revenue rose 49.7%. It plans a Rs

Key facts

  • FY26 net profit: Rs 994 crore, up from Rs 245 crore in FY25
  • FY26 revenue from operations: Rs 9,358 crore, up 49.7%
  • FY26 EBITDA: Rs 2,594 crore, up from Rs 1,084 crore
  • FY26 Gross Booking Value: Rs 30,683 crore, up 88.5%
  • FY26 gross profit: Rs 5,700 crore, up 82.5%
  • Deferred-tax credit included in FY26 profit: Rs 678 crore
  • Interest paid on outstanding loans: Rs 1,414 crore
  • Planned fresh IPO issue: up to Rs 6,650 crore
  • G6 Hospitality FY26 GBV: Rs 14,107 crore
  • G6 added 70 net storefronts

Why this matters

Prism’s planned ₹6,650 crore IPO, primarily earmarked for debt reduction, could improve balance-sheet flexibility and make it a better-positioned partner or consolidator in hospitality.

What to watch

  • Draft red herring prospectus details on gross debt, interest costs, use of proceeds and post-issue leverage.
  • Operating cash flow and free-cash-flow conversion relative to the reported ₹2,594 crore EBITDA.
  • Revenue growth, GBV growth, occupancy, average daily rates and take-rate trends in subsequent quarters.
  • Breakdown of recurring tax expense versus deferred-tax gains and other exceptional items.
  • IPO demand, valuation multiple versus global travel and hotel-platform peers, and any revision to issue size or timing.
  • Hotel partner additions, churn, customer complaint trends and discount intensity.
  • Emphasize normalized EBITDA, operating cash flow and debt-repayment milestones in IPO disclosures.
  • Use balance-sheet improvement to negotiate better terms with hotel partners, lenders and distribution platforms.
  • Prioritize high-repeat domestic business, long-stay and international markets where supply expansion can lift occupancy without disproportionate discounting.
  • Tighten property-quality and guest-resolution standards to prevent rapid network growth from weakening brand trust.