OYO Parent PRISM Reports ₹994 Cr FY26 Profit, Plans ₹6,650 Cr IPO
IPO-bound PRISM reported FY26 operating revenue of ₹9,358 crore, up about 50% year on year, while EBITDA more than doubled to ₹2,594 crore. The OYO parent plans a fresh IPO issue of up to ₹6,650 crore, partly for debt repayment.
What happened
Prism (OYO parent) · OYO parent PRISM reported FY26 profit of ₹994.2 Cr, revenue of ₹9,358 Cr and EBITDA of ₹2,594 Cr, aided by G6 Hospitality integration. The
Key facts
- FY26 net profit ₹994.2 Cr, up 306% YoY from ₹244.8 Cr
- Operating revenue ₹9,358 Cr, up about 50% from ₹6,252.8 Cr
- Total income ₹9,697.9 Cr
- Total expenses ₹9,334.5 Cr, up 40% YoY
- EBITDA ₹2,594 Cr, more than doubled
- GBV ₹30,683 Cr, up 88.5% YoY
- Gross profit ₹5,700 Cr, up 82.5% YoY
- Fresh IPO issue planned up to ₹6,650 Cr
- Direct channels accounted for 67% of room nights
Why this matters
PRISM’s accelerating profitability and public-market financing plans position OYO to pursue selective consolidation or partnerships, though near-term IPO proceeds are partly earmarked for deleveraging.
What to watch
- IPO filing timeline, indicated valuation, anchor-book demand and final issue size.
- Debt repayment allocation, post-issue net debt and changes in annual finance costs.
- Quarterly GBV, occupied room nights, average daily rate, occupancy and take-rate trends.
- EBITDA-to-operating-cash-flow conversion and working-capital movements.
- Hotel-owner retention, net property additions and any rise in incentives, discounts or customer-acquisition costs.
- Competitive pricing actions from Airbnb, MakeMyTrip/Goibibo, Treebo, hotel chains and online travel agencies.
- Indian domestic-travel demand, corporate travel recovery, consumer spending and lodging-rate inflation.
- File or update draft IPO documents detailing use of proceeds, debt maturities, related-party transactions and segment economics.
- Prioritize repayment of higher-cost debt to lower finance expense and strengthen IPO equity story.
- Use improved profitability to add franchise and managed-hotel inventory in high-demand domestic markets while tightening unit-level quality controls.
- Increase cross-selling of ancillary services, corporate travel, premium stays and technology products to raise revenue per booking without relying solely on room-night growth.
- Prepare investor messaging around recurring EBITDA quality, cash generation, customer concentration, cancellation/refund trends and the durability of GBV growth.