India-based hospitality platform PRISM, the parent company of OYO, has posted a nearly fourfold increase in net profit for fiscal year 2026, reaching ₹994.2 crore. This sharp rise coincides with the company's preparations for a major IPO and is underpinned by robust revenue gains and its strategic acquisition of G6 Hospitality.
- Net profit surged 306% YoY to ₹994.2 Cr in FY26
- GBV grew 88.5% to ₹30,683 Cr with G6 acquisition impact
- Company pivots to AI-native platform and asset-light global model
What happened
PRISM, the parent company of OYO, reported a net profit of ₹994.2 crore for the fiscal year 2026, representing a 306% increase from ₹244.8 crore the previous year. This profit growth was accompanied by a 50% jump in operating revenue, which reached ₹9,358 crore, supported by other income of ₹339.9 crore. Expenses also rose, but at a slower rate of 40%, totaling ₹9,334.5 crore.
A key driver of this financial performance was PRISM’s acquisition of G6 Hospitality in December 2024. G6 contributed significantly to the company's gross booking value (GBV), which surged 88.5% to ₹30,683 crore. PRISM also maintained EBITDA profitability for the fourth consecutive year, with EBITDA more than doubling to ₹2,594 crore.
Why it matters
PRISM's FY26 results highlight the success of its strategy to expand globally and unify its operations under an AI-native platform. Chairman Ritesh Agarwal emphasized a shift from using technology as a supportive element to an autonomous operational layer, enabling the company to efficiently manage multiple hospitality segments and geographies.
The rapid integration of G6 Hospitality’s operations and technology accelerated PRISM’s growth in North America and strengthened its multi-brand asset-light approach across 35 countries. Direct bookings now account for around two-thirds of room nights, signaling enhanced customer engagement through PRISM’s digital tools, including the premium-focused CheckIn app launched in 2025.
What to watch next
PRISM is preparing for an initial public offering, having filed an updated draft red herring prospectus for a fresh capital raise of up to ₹6,650 crore. The IPO proceeds are expected to help reduce the company’s debt burden and propel further growth initiatives, including international expansion and technology innovation.
Market observers will closely monitor how PRISM leverages its AI-driven platform and integrated service offerings to sustain profitability and competitive advantage in the evolving hospitality landscape. Additionally, the effectiveness of the G6 acquisition integration and expansion into premium segments will be key indicators of long-term growth potential.