Prism, the parent of India-based hospitality chain Oyo, reported consolidated net profit of 3.5 billion rupees (US$37.2 million) for the June quarter of FY2026-27. This included a deferred tax credit of about 2.4 billion rupees (US$25.7 million).

Revenue from operations rose 35% year on year to 28.1 billion rupees (US$296 million), according to the company’s audited financials.

Prism’s October 26 addendum to its draft papers with the Securities and Exchange Board of India cut the proposed initial public offering fresh issue to up to 33.5 billion rupees (US$353 million).

It also set aside 25.1 billion rupees (US$265 million) to repay or prepay borrowings through a subsidiary and removed the proposed pre-IPO placement.

🔗 Source: YourStory

Recent Prism developments