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TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

2025-11-05

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.

The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax rose 12.4 per cent to Rs 680 million.

Hotels and Ancillaries remained the main growth drivers, contributing 64 per cent of GTV and 87 per cent of gross profit. The segment saw a 20.4 per cent YoY rise, with MEA and APAC growing 27 per cent and 41 per cent, respectively. Europe continued to be the largest source market in this category.

Ankush Nijhawan, Co-founder and Joint MD, TBO Tek Limited 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 playthrough, we are confident of sustaining profitable growth and strengthening the foundation for long-term value creation”

Monthly Transacting Buyers increased by 8 per cent YoY to 30,662, led by a 23.6 per cent rise in international buyers, while the Indian base remained steady with high engagement.

Gaurav Bhatnagar, Co-founder and Joint MD, TBO Tek Limited 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."

During the quarter, TBO completed the acquisition of Classic Vacations for $125 million, recording one-time acquisition costs of Rs 131.5 million. The acquisition strengthens TBO’s global footprint and product portfolio.

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