OYO parent PRISM posts ₹353 crore Q1 profit, but ₹244 crore is a tax credit
Revenue rose 35% to ₹2,814 crore, yet most of the profit growth comes from a one-off deferred tax credit rather than cash from hotels.
- PAT: ₹353 cr (+17%)
- EBITDA: ₹760 cr (+24%)
- GBV: ~₹9,600 cr (+30%)
The results
PRISM, the parent of OYO, reported a consolidated profit after tax of ₹353 crore for April–June 2026 (Q1 FY27), up 17% from ₹301 crore a year earlier. Revenue grew 35% to ₹2,814 crore, EBITDA rose 24% to ₹760 crore and gross booking value climbed about 30% to nearly ₹9,600 crore.
Read the fine print
The reported profit includes a deferred tax credit of about ₹244 crore, which is an accounting item and not cash earned from running hotels, so the ₹353 crore should not be read as operating cash profit. The figures come from audited financials seen by PTI.
PRISM, which renamed itself from Oravel Stays, is IPO-bound. Its shareholders have approved a ₹6,650 crore fresh issue.
