PRISM, the parent company of Indian hospitality giant OYO Hotels & Homes, has reported a profit after tax (PAT) of ₹245 crore for the financial year ending March 31, 2025, underscoring a notable shift in its financial performance just as it prepares to launch its initial public offering (IPO). PRISM’s financial results highlight both the company’s growth trajectory and renewed investor confidence as it heads toward a public listing.
Financial Performance in FY25
According to regulatory filings, PRISM posted a PAT of ₹245 crore in FY25, a significant result considering the company’s prolonged journey toward profitability. For FY25, its revenue grew approximately 20% year-on-year to ₹6,253 crore, driven by expansion in its company-serviced hotels and increased contribution from international markets such as the UK and Southeast Asia.
As of March 31, 2025, PRISM’s global footprint included about 21,000 hotels and 120,000 homes across more than 35 countries, demonstrating its scale as one of the world’s largest hospitality networks.
IPO Plans: Valuation, Size, and Timing
PRISM has filed confidential IPO papers with the Securities and Exchange Board of India (SEBI), marking a crucial step toward listing on Indian exchanges. The company had already secured shareholder approval to raise up to ₹6,650 crore through the IPO, which is expected to value the business in the $7–8 billion range (around ₹58,000–₹66,000 crore).
This IPO attempt follows earlier efforts in 2021 and 2023 that were either withdrawn or deferred due to market volatility, especially global economic uncertainty after the Russia–Ukraine conflict. The renewed filing in late 2025 and early 2026 reflects PRISM’s confidence in its improved financials and a more favorable IPO market.
While PRISM’s reported PAT of ₹245 crore is a milestone on paper, industry analysts caution that profitability in FY25 benefited from certain accounting adjustments. Earlier analyses of OYO’s FY25 consolidated results showed net profit supported by deferred tax credits and one-time gains, meaning underlying operational profitability may be less robust without these factors.
Nonetheless, PRISM’s move into profitability marks a stark contrast to years of losses that clouded its earlier IPO attempts. This positive bottom line, even if partly driven by non-recurring items, is an important signal to investors that the business model is transitioning toward sustainable earnings.
PRISM’s strong start to FY26 further reinforces its growth narrative. Preliminary figures show that in the first quarter of FY26, the company reported over ₹200 crore in net profit, a significant improvement from ₹87 crore in the same quarter of the previous year. Revenue for Q1 FY26 rose by 47% year-on-year to ₹2,019 crore, while Gross Booking Value (GBV) jumped a remarkable 144% to ₹7,227 crore.
This quarter’s performance is driven by improved occupancy, premium product offerings, and international demand rebound, and positions the company for a stronger FY26 overall.
Rebranding and Acquisitions
PRISM’s transformation goes beyond profitability. The company has rebranded from OYO to PRISM to reflect a broader vision as a global lifestyle and tech-enabled hospitality platform. This includes strategic acquisitions such as the US budget hotel operator G6 Hospitality (which owns Motel 6 and Studio 6) and expansion into premium stays and home vacation rentals.
These moves aim to diversify revenue streams, enhance earnings before interest, taxes, depreciation, and amortisation (EBITDA), and deepen global market penetration — all critical factors as PRISM moves closer to its public listing.
The next major step will be SEBI’s review and clearance, after which PRISM will file the updated draft prospectus publicly, announce its price band, and officially open the IPO for subscription. If approvals come on time, PRISM’s IPO could become one of the biggest startup listings in India’s upcoming IPO pipeline.
FAQs:-
Q1. What is PRISM (OYO parent company) and why is it in the news? A. PRISM, the parent company of OYO, is in the news after reporting ₹245 crore profit in FY25 ahead of its upcoming IPO.
Q2. How much profit did OYO parent PRISM make in FY25? A. PRISM posted a net profit of ₹245 crore in FY25, showing strong financial improvement before the IPO.
Q3. What is the PRISM (OYO) IPO size and how much money will it raise? A. As per reports, the PRISM IPO may raise up to ₹6,650 crore, making it one of the biggest upcoming IPOs in India.
Q4. When will OYO IPO come and what is the next step? A. The next step is SEBI review and approval. After that, PRISM will announce the IPO dates, price band, and subscription details.
Q5. What valuation is OYO (PRISM) targeting in its IPO? A. PRISM is expected to target a valuation of around $7–8 billion in its upcoming IPO.
