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Oyo Parent Prism Reports 17% Profit Increase to ₹353 Crore for Q1FY27
Sentiment: NeutralHigh Priority
What Happened?
Prism, the parent company of Oyo, announced a consolidated profit of ₹353 crore for Q1FY27, marking a 17% increase from ₹301 crore last year. Revenue rose 35% to ₹2,814 crore.
Key points
- Prism's profit after tax for Q1FY27 is ₹353 crore, up from ₹301 crore last year.
- The quarterly profit includes a deferred-tax credit of approximately ₹244 crore.
- Revenue from operations increased by 35% to ₹2,814 crore compared to ₹2,078 crore last year.
- Gross Booking Value grew by 30% to nearly ₹9,600 crore.
- Bookings in the hotel segment grew by 30% year-on-year.
- Vacation homes business recorded a 28% growth in bookings.
Key insights
- Prism's growth in both hotels and vacation homes suggests a robust recovery in the hospitality sector.
- The significant deferred-tax credit may impact future profit reporting.
- Continued investment in technology and brand expansion could enhance competitive positioning.
Why it matters
The profit increase indicates strong operational performance, which may attract investor interest ahead of the IPO.
Tags
Entities
Prism· CompanyOyo· BrandRitesh Agarwal· PersonG6 Hospitality· Company
Source
Business Standard
