Business · Companies · 2 hrs ago

OYO parent PRISM reports 35% revenue growth and Rs 353 crore profit

OYO parent PRISM reports 35% revenue growth and Rs 353 crore profit

PRISM, OYO’s parent company, reported its Q1 FY27 results.

Revenue rose 35% to Rs 2,814 crore in the quarter.

PRISM also reported net profit of Rs 353 crore.

About Rs 244 crore of that profit came from a deferred tax credit.

A deferred tax credit is an accounting tax benefit, so the reported profit included a substantial tax-related item.

The figures show revenue growth alongside a profit figure shaped in part by that credit.

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