- PRISM’s profit rose fourfold to $104 million.
- Revenue rose 49.7 percent to $980 million.
- North America led PRISM’s fiscal 2026 growth.
IPO-BOUND PRISM REPORTED a more than fourfold rise in fiscal 2026 net profit to about $104 million, from $25.6 million a year earlier. North America led its growth.
Revenue rose 49.7 percent to about $980 million, while EBITDA more than doubled to about $272 million, PTI reported, citing its annual report. The profit included a $71 million deferred-tax credit.
“Fiscal 2026 marked another year of progress in our long-term journey,” said Ritesh Agarwal, Prism chairman. “Gross booking value grew 88.5 percent to $3.21 billion. Consolidated revenue from operations increased 49.7 percent to $980 million, gross profit rose 82.5 percent to $597 million, EBITDA more than doubled to $272 million from $113.5 million, and profit after tax reached $104 million compared with $25.6 million in the previous year — marking the company's fourth consecutive year of positive EBITDA.”
Meanwhile, In July, PRISM began investor roadshows for its proposed initial public offering. The company is seeking to raise up to $697 million through a fresh issue of equity shares. Its updated draft prospectus, filed with India’s markets regulator in June, lists debt reduction as a key use of the IPO proceeds.
Gross Booking Value rose 88.5 percent to about $3.21 billion, from $1.71 billion in fiscal 2025. Gross profit increased 82.5 percent to about $597 million, driven by higher volumes, premium and company-serviced hotels, operating leverage and G6 Hospitality’s full-year contribution.
It paid about $148 million in interest on its outstanding loan and plans to use a major portion of its IPO proceeds to reduce debt.
North American business
North America was the largest contributor to group growth in fiscal 2026, according to the company. G6 Hospitality, acquired in December 2024, generated about $1.48 billion in GBV in its first full year with OYO, up from about $370 million in fiscal 2025. Additionally, it added 70 net storefronts, its highest annual net additions in recent years.
Agarwal said about 67 percent of room nights came through non-commissionable channels, supported by the OYO app and other direct channels. The OYO app is now the eighth most downloaded hotel accommodation booking application globally.
Prism also integrated G6’s technology stack into its platform within a year. It replaced legacy systems with a common technology backbone, deployed AI-led pricing and service tools at individual properties and centralized owner engagement from India.
“Acquisitions have been few and deliberate, and we intend to keep them that way — evaluated against demanding return thresholds and pursued only where our brands, technology and distribution can make an acquired business materially better,” Agarwal said. “Strengthening the balance sheet remains a priority, so that the cash this business generates is directed toward growth and long-term value creation.”
The company is building new technology to manage daily property operations, including reconciliation, vendor renewals, occupancy calls and review action plans.
“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,” he said. “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.”
Agarwal attributed the results to business mix, operating leverage, disciplined capital allocation and continued integration of international businesses.
