TBO Tek News, Corporate filings and Earnings/Conference Calls

Travel Support Services company TBO Tek announced Q2FY26 results Consolidated Financial Highlights: GTV of Rs 8,901 crore v/s Rs 7,937 crore [+ 12% YoY] Revenue from operations of Rs 568 crore v/s. Rs 451 crore [+ 26% YoY] Gross Profit of Rs 363 crore v/s. Rs 306 crore [+ 19% YoY] Adjusted EBITDA before acquisition related costs - Rs 104 crore v/s. Rs 90 crore [+ 16% YoY] PAT of Rs 68 crore v/s. Rs 60 crore [+ 12.4% YoY]. Business Highlights: The quarter saw a strong recovery from Q1’s macro headwinds, with key markets like Europe, APAC and India showing positive momentum Monthly Transacting Buyers reached 30,662, up 8% YoY, driven by a 23.6% YoY increase in International MTBs while the Indian base remained steady at high engagement levels. GTV grew 12% YoY to Rs 8,901 crore, led by strong performance across APAC, MEA, and Europe. Hotels + Ancillaries GTV grew by 20.4% YoY. The India business continued on its path of consolidation this quarter, marking a complete arrest of the headline degrowth trend, underscoring early signs of stability and recovery. During the quarter, TBO announced the agreement to acquire 100% equity stake in Classic Vacations for $125 million. The acquisition was completed on 1st October 2025. We also recorded one-time acquisition related costs of Rs 13.15 crore. Adjusted EBITDA Margin before Acquisition related Costs stood at 18.32% for quarter, up from 16.56% in Q1FY26 Europe remained our largest source market for Hotel + Ancillary business while MEA (+27% YoY) and APAC (+41% YoY) were key growth drivers in the category. Hotels + Ancillaries expanded their saliency in the business mix, accounting for 64% of GTV and 87% of Gross Profit, underscoring the margin-accretive nature of growth Ankush Nijhawan, Co-founder and Joint MD, TBO Tek said " Our growth this quarter was broad based across regions, led by strong momentum in international markets and early signs of stabilization in India. With Hotels and Ancillaries continuing to deepen their contribution and operating leverage beginning to play through, we are confident of sustaining profitable growth and strengthening the foundation for long-term value creation” Gaurav Bhatnagar, Co-founder and Joint MD, TBO Tek said, “This quarter’s performance reflects both the strength of our model and the discipline of execution. Growth was broad based, profitability improved, and the business showed clear signs of structural operating leverage. With the KAM expansion nearing completion and Classic Vacations now part of the platform, we enter the next phase with sharper focus, stronger fundamentals, and a wider global footprint." Result PDF

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TBO Tek News, Corporate filings and Earnings/Conference Calls

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