Travel Support Services company TBO Tek announced Q1FY26 results GTV of Rs 8,119 crore vs Rs 7,940 crore, change + 2% YoY. Revenue from operations of Rs 511 crore vs Rs 418 crore, change + 22% YoY. Gross Profit of Rs 333 crore vs Rs 280 crore, change + 19% YoY. Adjusted EBITDA of Rs 85 crore vs Rs 85 crore, change (0)% YoY. PAT of Rs 63 crore vs Rs 61 crore, change + 3% YoY. Gaurav Bhatnagar, Co-founder & Joint MD, TBO Tek, said: "Q1FY26 saw the structural strength of our business being clearly demonstrated in the face significant headwinds. As we build on top of this solid base, during the quarter we started to see early yet clear green shoots of the impact of our investments in growth. Our active agents base, in the growth markets, has started showing a clear growth trajectory since February 2025, when we started our investments into growth. In Q1FY26, sales driven by new agents (agents acquired in the same financial year – FY26) were up 132% YoY vs sales driven by new agents in Q1FY25. We expect to complete our growth hiring and investments by Q2FY26 and expect Revenue growth to outpace SG&A; expenses growth starting Q4FY26." Ankush Nijhawan, Co-founder & Joint MD, TBO Tek, said: "Amid one of the most difficult quarters for the Indian travel space, our business started showing signs of a momentum change. From a 4% growth in our Hotels + Ancillary business in India, to a reduction in India GTV YoY degrowth from Q4FY25 to Q1FY26, when the Industry was under severe pressure, our business is showing encouraging signs. With our strategic focus on driving higher share of wallet through cross-sell initiatives continuing to pay dividends with our Hotels & Ancillaries segment now contributing 20% to India GTV, we are optimistic about the remainder of the year and expect the headwinds to fade and be replaced by broad based strength.” Result PDF
Travel Support Services company TBO Tek announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: GTV of Rs 7,788 crore v/s Rs 7,511 crore [+ 4% YoY] Revenue from operations of Rs 446 crore v/s. Rs 369 crore [+ 21% YoY] Adjusted EBITDA of Rs 79 crore v/s. Rs. 69 crore [+ 15% YoY]. PAT of Rs 59 crore v/s. Rs 46 crore [+ 27% YoY]. FY25 Financial Highlights: FY25 GTV came in at Rs 30,832 crore with 43% yoy growth in international markets. GTV of Rs 7,788 crore v/s Rs 7,511 crore [+ 4% YoY] Revenue from operations of Rs 446 crore v/s. Rs 369 crore [+ 21% YoY] Adjusted EBITDA of Rs 79 crore v/s. Rs. 69 crore [+ 15% YoY]. PAT of Rs 59 crore v/s. Rs 46 crore [+ 27% YoY]. Strong balance sheet with Rs 1,450 crore+ cash and cash equivalent (including Fixed deposit and liquid funds) available for organic and inorganic expansion. Ankush Nijhawan, Co-founder and Joint MD, TBO Tek, said, “Our Hotels & Ancillaries segment continues to demonstrate strong growth, now contributing 16% to India GTV,” “We are strategically focused on driving higher share of wallet through cross-sell initiatives, supported by robust demand for outbound travel and a clear shift in consumer preference toward experiential, high-value itineraries. These structural tailwinds position us well for sustained, profitable growth in the Indian market.” Gaurav Bhatnagar, Co-founder and Joint MD, TBO Tek, said, "In FY25, we laid the foundation for accelerating our business across geographies. Europe & APAC led the growth with 50%+ yoy growth. Company’s Tech and AI initiatives complement the rapid footprint expansion by helping drive better user experience and by improving platform performance. This gives us the confidence to maintain our expansion plans and aim for market leadership in the next 5-10 years.” Result PDF
Travel Support Services company TBO Tek announced Q3FY25 results GTV of Rs 7,166 crore v/s Rs 5,678 crore [+ 26% YoY]. Revenue from operations of Rs 422 crore v/s Rs 327 crore [+ 29% YoY]. Adjusted EBITDA of Rs 75 crore v/s Rs 59 crore [+ 26% YoY]. Margins at 18%. PAT of Rs 50 crore v/s Rs 51 crore [-2% YoY]. Lower PAT primarily due to Rs 12.5 crore Forex Loss triggered by sharp movement in USD against other major currencies. Ankush Nijhawan, Co-founder and Joint MD, TBO Tek, said: “We are pleased to have delivered a robust third quarter in our Hotels & Ancillaries segment. The saliency of our hotel and ancillaries segment continues to grow. We are looking to further drive share of wallet growth and cross-sell through initiatives like Platinum Desk for top Hotels and Ancillaries accounts. With 120 new airports connectivity in pipeline under UDAN initiative as per Budget 2025 and increase in TCS threshold to Rs 10 Lakhs, outbound travel is expected to get a boost.” Gaurav Bhatnagar, Co-founder and Joint MD, TBO Tek, said: "We continue to deliver strong double-digit business growth in all International source markets. While the growth has been broad-based, contribution from Europe was especially strong. Company’s Tech and AI initiatives are bearing results along expected lines and helping drive better user experience – reflected in our NPS Score. This gives us the confidence to fast-track our planned investments and pursue geographic expansion in the identified regions.” Result PDF
Travel Support Services company TBO Tek announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: GTV of Rs 7,937 crore v/s Rs 6,399 crore [+ 24% YoY]. Revenue from operations of Rs 451 crore v/s. Rs 352 crore [+ 28% YoY]. Adjusted EBITDA of Rs 90 crore v/s. Rs 72 crore [+ 24% YoY]. Steady Margins at 20%. PAT of Rs 60 crore v/s. Rs 56 crore [+ 7% YoY]. PAT margins at 13% H1FY25 Financial Highlights: GTV of Rs 15,878 crore v/s Rs 13,347 crore [+ 19% YoY]. Revenue from operations of Rs 869 crore v/s. Rs 697 crore [+ 25% YoY]. Adjusted EBITDA of Rs 175 crore v/s. Rs 141 crore [+ 24% YoY]. Steady Margins at 20%. PAT of Rs 121 crore v/s. Rs 103 crore [+ 17% YoY]. PAT margins at 14%. Gaurav Bhatnagar, Co-founder and Joint MD, TBO Tek, said: "We have seen a strong double digit business growth in all International source markets, in spite of global geo-political headwinds. This has been driven by the broad-based contribution from non-air businesses and helped by company’s Tech and AI initiatives like H-Next, AI driven pricing and Voice-Bot and integration of Jumbonline, which are in alignment with our customer expectations”. Ankush Nijhawan, Co-founder and Joint MD, TBO Tek, said: “We are pleased to have a robust second quarter. We have already seen significant growth in our hotel and non-air businesses. Our strategic focus on hotel business has allowed us to capture a larger share of the overall travel market, positioning us for continued growth. Increasing demand for outbound travel from India will continue to provide significant tailwinds for the business going forward.” Result PDF