Oyo parent PRISM closes FY26 with 50% revenue growth, reports PAT of Rs 994 cr

New Delhi: Oyo parent PRISM has reported a 50% jump in its consolidated revenue from operations to Rs 9,358 crore in its annual report.

The company said its EBITDA more than doubling to Rs 2,594 crore. The company’s profit after tax stood at Rs 994 crore, from Rs 245 crore in financial year 2025. However, the financial year 2026 net profit also included a Rs 678 crore deferred-tax credit. The company stated it paid interest of Rs 1414 crore on its outstanding loan, which will not have to be paid soon as the company repays its debt from the impending IPOs proceeds.

PRISM’s Gross Booking Value (GBV) increased 88.5% to Rs 30,683 crore during the year, compared with Rs 16,279 crore in financial year 2025. Gross profit rose 82.5% to Rs 5,700 crore. The company said the improvement came as it benefited from higher business volumes, a stronger contribution from premium and company-Serviced Hotels, operating leverage across markets and the full-year contribution of G6 Hospitality. The company’s UDRHP-I filing had reported nine-month financial year 2026 revenue of Rs 6,941 crore, EBITDA of Rs 2,127 crore and a net profit of Rs 748 crore.


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PRISM operates a single technology-enabled platform across more than 35 countries, with technology and product engineering, pricing and revenue management, reservations, customer support, finance, marketing operations and procurement largely built and run from India. It stated this ‘centralised model’ has helped the company scale its international operations without replicating a full corporate infrastructure in every market, and the company said this was a key source of the operating leverage reflected in the financial year 2026 performance.

The company’s GBV from hotels excluding G6 increased 36.5% to Rs 10,939 crore, while its homes business grew 19.4% to Rs 5,447 crore.

North America was the biggest contributor to the increase in group scale during financial year 2026, with G6 Hospitality making its first full-year contribution following its acquisition in December 2024. G6 generated GBV of Rs 14,107 crore during financial year 2026, compared with Rs 3,529 crore in financial year 2025. PRISM said it completed the integration of G6’s technology stack into its unified platform within a year, replacing ‘fragmented’ systems with a common ‘technology backbone’. It said it also deployed AI-led pricing and service tools at the individual-property level and centralised owner engagement from India. Usage of the G6 app has doubled since the acquisition.

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In his Chairman’s message, founder and group CEO Ritesh Agarwal described North America as “the clearest evidence of what this platform can do even for an established brand”, while noting that an integration of this scale would conventionally take several years but was completed in one.

“That pace is itself a product of how we now build. Close to 94% of new code written at PRISM is authored by AI, and our crash-free rate has improved to 99.99%. Our pricing engine recalibrates hourly against demand, seasonality, booking windows, local events, competitor pricing and search behaviour, while Bolt.ai, our in-house channel manager, connects our inventory to more than 230 distribution partners in real time,” he said.

“We are now building the GM Agent—an autonomous layer that runs a property’s daily operations end to end, from reconciliation and vendor renewals to occupancy calls and review action plans. This is the shift from artificial intelligence that assists hotel operations to artificial intelligence that runs them, freeing our teams to spend their time with guests rather than with systems,” he added.

Direct demand has also become an increasingly important part of the model. Approximately 67% of room nights used during financial year 2026 came through non-commissionable channels, supported by the Oyo app and other direct channels. The company launched its premium-focused CheckIn application in September 2025 to deepen direct engagement and increase repeat demand.

Europe remained another important diversification engine, with PRISM continuing to scale its homes and listings businesses through brands such as Belvilla. The company said these businesses benefited from greater operational integration and deployment of the same central technology and revenue-management capabilities.

The company said the substantial majority of its contracts remain management contracts under which property owners provide the underlying capital and PRISM’s economics are linked to hotel performance.

The FY26 annual report comes as PRISM progresses towards its proposed public listing. The company has filed its Updated Draft Red Herring Prospectus-I for a fresh issue of up to Rs 6,650 crore.