India, Nov. 7 -- IPO-bound hospitality chain PRISM, the parent entity of OYO, reported a consolidated profit after tax (PAT) of Rs.353 Cr in the first quarter (Q1) of the fiscal year 2026-27 (FY27), up 17.3% from Rs.301 Cr in the year-ago period.

According to PRISM's audited financials seen by Inc42, the profitability came largely on the back of a deferred tax credit of nearly Rs.244 Cr in the quarter under review.

Nevertheless, PRISM continued to grow its top line and generated an operating revenue of Rs.2,814 Cr in Q1 FY27. This was nearly 35% higher than Rs.2,078 Cr reported in the year ago quarter.

The IPO-bound startup also managed to improve its EBITDA by 24.3% to Rs.760 Cr in the quarter under review as against Rs.611 Cr in Q1 F...