IPO-bound OYO Parent Prism Reports Four-Fold Jump In FY26 Profit To ₹994 Crore
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OYO parent Prism reported a four-fold jump in FY26 net profit to ₹994 crore. The revenue rose 49.7% to ₹9,358 crore. Higher business volumes and international operations supported the company's growth.
Hospitality technology company Prism, the parent company of OYO, ended FY26 with a sharp improvement in profitability, helped by higher business volumes and a stronger contribution from its international operations. The company reported a net profit of ₹994 crore for the financial year, compared with ₹245 crore in FY25.
The profit was more than four times the previous year's figure, although the reported number also included a deferred tax credit of ₹678 crore. Revenue from operations rose 49.7% year-on-year to ₹9,358 crore, while earnings before interest, taxes, depreciation and amortisation (EBITDA) more than doubled to ₹2,594 crore.
Prism FY26 Results: Key Highlights
Prism's gross booking value (GBV) climbed 88.5% to ₹30,683 crore in FY26 from ₹16,279 crore a year earlier. Gross profit also rose 82.5% to ₹5,700 crore during the year.
The company attributed the improvement to higher business volumes, increased contribution from premium and company-serviced hotels, operating leverage across its markets and the full-year impact of G6 Hospitality.
Prism now generates more than 80% of its revenue from markets outside India. This is a notable change for the company, which initially built its business around budget hotel aggregation in the domestic market.
North America added substantially to the company's growth in FY26, helped by G6 Hospitality's first full year with the group after the acquisition in December 2024. G6 recorded a GBV of ₹14,107 crore during FY26, up from ₹3,529 crore in FY25.
Prism also completed the integration of G6's technology platform into its own unified system within a year. The company has also introduced AI-based pricing and service tools at the property level, while owner engagement has been centralised from India.
Prism IPO Plans
Prism is preparing for a potential initial public offering (IPO). The company filed updated draft papers with the Securities and Exchange Board of India (SEBI) in June, proposing to raise up to ₹6,650 crore through a fresh issue.
The company has also proposed a pre-IPO placement of up to ₹1,330 crore, with any funds raised through the placement to be adjusted against the final IPO size.
Prism plans to use ₹4,987.5 crore from the proposed IPO proceeds to repay or prepay borrowings. The issue will consist entirely of fresh shares, meaning existing investors such as SoftBank, Microsoft, Airbnb, Khazanah, Peak XV and Lightspeed are not proposing to sell their holdings through the offer.
The parent company was earlier known as Oravel Stays and adopted the Prism name in September 2025.
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This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
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