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