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