TBO Tek, one of the world’s leading travel distribution platforms, has reported robust unaudited financial results for the second quarter of FY26, reflecting strong operational execution and profitability improvement across key markets.
Financial Highlights (YoY)
- Gross Transaction Value (GTV): ₹8,901 crore vs. ₹7,937 crore (+12 per cent)
- Revenue from Operations: ₹568 crore vs. ₹451 crore (+26 per cent)
- Gross Profit: ₹363 crore vs. ₹306 crore (+19 per cent)
- Adjusted EBITDA (before acquisition-related costs): ₹104 crore vs. ₹90 crore (+16 per cent)
- Profit After Tax (PAT): ₹68 crore vs. ₹60 crore (+12.4 per cent)
- Adjusted EBITDA Margin: 18.32 per cent, up from 16.56 per cent in Q1 FY26
Operational Highlights
The quarter marked a clear rebound from Q1’s macroeconomic headwinds, with strong momentum across Europe, APAC, and India. Monthly Transacting Buyers (MTBs) reached 30,662, up 8 per cent YoY, driven by a 23.6 per cent YoY surge in international markets, while India remained steady with high engagement levels.
GTV grew to ₹8,901 crore, led by exceptional performance in APAC, MEA, and Europe. The Hotels + Ancillaries segment registered 20.4 per cent YoY growth and now contributes 64 per cent of GTV and 87 per cent of gross profit, underscoring the segment’s high-margin profile.
Europe continued to be TBO’s largest source market for Hotels + Ancillaries, while MEA (+27 per cent YoY) and APAC (+41 per cent YoY) emerged as key growth engines.
Business Stabilization and Strategic Expansion
In India, the business consolidated and fully arrested the prior degrowth trend, showing early signs of renewed stability and recovery.
During the quarter, TBO also announced the acquisition of a 100 per cent equity stake in Classic Vacations for USD 125 million, completed on October 1, 2025. The company recorded one-time acquisition-related costs of ₹13.15 crore in Q2.
The TBO Platinum Program, designed to build exclusive partnerships with premium hotels globally, now includes 150+ properties, reflecting strong traction in value-driven collaborations.
