OYO Parent PRISM Posts ₹353 Cr Q1 Profit As Revenue Rises 35%

OYO’s parent grew its revenue 35%, but most of its profit this quarter came from a tax credit. IPO-bound PRISM reported a consolidated profit after tax of ₹353 crore for the quarter ended June, up 17% from ₹301 crore a year earlier, according to audited financials seen by PTI. About ₹244 crore of that was a deferred-tax credit. Revenue from operations rose 35% to ₹2,814 crore from ₹2,078 crore.

EBITDA rose 24% to ₹760 crore, and adjusted EBITDA net of lease expenses rose 35% to ₹589 crore. Hotel bookings grew 30% year on year, and vacation home bookings 28%.

#OYO #PRISM #Q1FY27 #Startup77