PRISM, the company that owns the Oyo brand, has posted a 35% rise in consolidated revenue from operations for the first quarter of 2026-27. Revenue stood at Rs 2,814 crore, against Rs 2,078 crore in the same quarter a year earlier, according to its audited financial results.
Consolidated profit after tax rose 17% to Rs 353 crore from Rs 301 crore. The latest quarter’s profit includes a deferred tax credit of about Rs 244 crore.
Bookings and operating earnings
Gross Booking Value, the measure of total bookings on its platforms, grew 30% to roughly Rs 9,600 crore. In the first quarter of 2025-26 it was Rs 7,408 crore.
EBITDA, or earnings before interest, tax, depreciation and amortisation, climbed 24% to Rs 760 crore from Rs 611 crore.
Founder Ritesh Agarwal had also pointed to a separate measure, adjusted EBITDA net of lease expenses. He said it rose 35% year-on-year to Rs 589 crore.
Growth across both businesses
The growth was spread across the company’s two main segments. Bookings in the hotel business were up 30% from a year earlier, while the vacation homes business saw bookings rise 28%.
Agarwal spoke at the company’s Extraordinary General Meeting (EGM) in early October. He said hotels and vacation homes had both shown better gross margins and higher operating earnings, even as the company spent to expand its brands and strengthen customer demand.
He credited the results to investments made over the last few years in technology, brands, distribution and a global operating model.
“We are continuing to grow our business while generating healthy operating earnings. We are seeing the benefits of the investments we have made over the past few years in technology, brands and distribution capabilities, while continuing to invest quite aggressively,” he said.
Technology and AI push
Agarwal also spoke about the common technology platform that supports growth in different regions. The platform is built centrally and then replicated across markets. It handles pricing, distribution, reservations, customer service and property management.
India remains an important technology and operating hub for the company, alongside its expanding hospitality business.
The company is also putting artificial intelligence into more of its operations. “We are now embedding AI into these processes to improve efficiency, automate repetitive tasks and make intelligent decisions faster, whether in pricing, operating efficiency or improving customer service,” Agarwal said.
He mentioned Grace AI, which the company describes as its AI general manager. It supports operations at a number of its hotels in Western markets.
North America and G6 Hospitality
Agarwal stressed the value of the company’s geographically diversified business. North America remains a key market after PRISM’s acquisition of G6 Hospitality.
According to him, G6 alone contributed about Rs 14,000 crore in Gross Booking Value during 2025-26.
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