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OYO Parent Prism Sees 17% Profit Jump
2 Nov
Summary
- Consolidated profit after tax grew 17% to Rs 353 crore in Q1.
- Revenue from operations increased 35% to Rs 2,814 crore.
- Gross Booking Value grew 30% to nearly Rs 9,600 crore.
Prism, the parent entity of hospitality chain Oyo, has announced its first-quarter financial results for the period ending June. The company posted a consolidated profit after tax (PAT) of Rs 353 crore, reflecting a 17% growth compared to Rs 301 crore in the year-ago period. This profit figure includes a deferred-tax credit of approximately Rs 244 crore.
Revenue from operations surged by 35% to Rs 2,814 crore in the first quarter of FY2026-27, up from Rs 2,078 crore in the corresponding quarter last year. The Gross Booking Value also demonstrated strong momentum, increasing by 30% to nearly Rs 9,600 crore during the same timeframe. This growth was observed across both the hotels and vacation homes segments.
Prism's hotel segment bookings escalated by 30% year-on-year, while its vacation homes business saw a 28% increase in bookings. Ritesh Agarwal, Founder of Prism, highlighted that this momentum has continued into the first quarter of FY27, with improving gross margins and operating earnings. He emphasized the benefits derived from past investments in technology, brands, and distribution capabilities, alongside ongoing aggressive investments.
