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

IPO-bound Prism, parent of OYO, reported FY26 revenue of Rs 9,358 crore and EBITDA of Rs 2,594 crore. Net profit rose from Rs 245 crore in FY25, aided by a Rs 678 crore deferred-tax credit; the company plans to use fresh IPO proceeds to reduce debt.

— Source publishedThu, 27 Aug, 2026, 18:40 IST·First seen Thu, 27 Aug, 2026, 18:44 IST·Source YourStory · Capital

What happened

PRISM · OYO parent Prism reported FY26 net profit of Rs 994 crore, aided by a Rs 678 crore deferred-tax credit. Revenue rose 49.7% to Rs 9,358 crore and EBITDA

Key facts

  • FY26 net profit: Rs 994 crore
  • FY25 net profit: Rs 245 crore
  • FY26 revenue from operations: Rs 9,358 crore, up 49.7%
  • FY26 EBITDA: Rs 2,594 crore
  • FY26 gross booking value: Rs 30,683.23 crore, up 88.5%
  • Deferred-tax credit: Rs 678 crore
  • Interest paid: Rs 1,414 crore
  • Planned fresh IPO issue: up to Rs 6,650 crore
  • G6 Hospitality FY26 gross booking value: Rs 14,107.13 crore
  • G6 Hospitality net storefront additions: 70

Why this matters

Prism’s accelerating hospitality-platform scale and planned deleveraging could strengthen its position in partnership, acquisition and consolidation discussions across budget travel.

What to watch

  • Draft red herring prospectus details on gross debt, net debt, interest expense, cash flow, and exact allocation of fresh IPO proceeds.
  • Revenue growth split between India, international operations, managed properties, storefront/franchise models, and ancillary businesses.
  • EBITDA-to-operating-cash-flow conversion and working-capital movement.
  • Hotel partner additions, churn, occupancy, average daily rates, and take-rate trends.
  • The size and recurrence risk of deferred-tax benefits in future reported earnings.
  • IPO pricing, cornerstone investor participation, and valuation relative to travel, hotel, and consumer-internet peers.
  • Competitive promotions or commission changes by MakeMyTrip, EaseMyTrip, Booking Holdings, Airbnb, and organized hotel chains.
  • Position IPO proceeds primarily around debt repayment and articulate the resulting interest-cost and leverage reduction.
  • Emphasize recurring EBITDA, operating cash flow, and adjusted profit excluding the deferred-tax credit in investor materials.
  • Increase managed-property, premium hotel, and long-stay inventory to raise revenue per booking and reduce dependence on highly fragmented budget supply.
  • Use stronger financial credibility to negotiate improved commission structures and quality standards with hotel partners.
  • Prepare for intensified competitive pricing from hotel aggregators and online travel agencies seeking to challenge OYO's improved funding position.

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