Oyo IPO: How real is Oyo parent PRISM’s Rs 748 crore net profit

Oyo IPO: PRISM, formerly Oravel Stays, has reported a Rs 748 crore profit for the nine months ending December 31, 2025, a significant turnaround from previous losses. This profit was boosted by a Rs 559 crore deferred-tax credit. The company also saw a substantial increase in operating cash flow, generating Rs 1,594 crore. A key IPO plan involves using Rs 4,987.5 crore to repay borrowings, aiming to reduce finance costs.