TBO Tek Limited announced its unaudited financial results for the second quarter of FY27, ending September 30, 2026. The company reported a robust performance with a 53% year-over-year increase in revenue, reaching ₹866 Crores. Adjusted EBITDA saw a substantial rise of 47% YoY to ₹152 Crores, highlighting strong operating leverage and margin expansion. The Gross Transaction Value (GTV) also grew by 31% YoY to ₹11,695 Crores.
TBO Tek Announces Strong Q2 FY27 Financial Performance
TBO Tek Limited, a prominent global travel distribution platform, has released its unaudited financial results for the second quarter of Fiscal Year 2027, ending on September 30, 2026. The company demonstrated a strong performance, characterized by continued operating leverage and organic margin expansion.
Key Financial Highlights (Q2 FY27 vs. Q2 FY26)
- Gross Transaction Value (GTV): ₹11,695 Crores, up 31% YoY from ₹8,901 Crores.
- Revenue from operations: ₹866 Crores, a significant increase of 53% YoY from ₹568 Crores.
- Gross Profit: ₹561 Crores, up 54% YoY from ₹363 Crores.
- Adjusted EBITDA: ₹152 Crores, marking a 47% YoY growth from ₹104 Crores.
- Profit After Tax (PAT): ₹76 Crores, an increase of 13% YoY from ₹68 Crores.
Note: All figures have been rounded off.
Business Performance and Strategic Updates
The quarter was marked by persistent macro headwinds, including geopolitical disruptions and increased fuel prices. Despite these challenges, TBO Tek delivered broad-based growth across its segments. The Middle East business showed a robust recovery, indicating potential market share gains driven by service differentiation and reliability.
Key business updates include:
- The Hotels + Ancillary segment experienced strong growth in Europe and APAC markets, with GTV rising 36% YoY and 33% YoY, respectively.
- The India business continued its growth trajectory, with the Airline segment and Hotels + Ancillary segment reporting 14.5% YoY and 12.2% YoY growth, respectively.
- Monthly transacting buyers in the international business saw a 17.4% YoY increase, reaching a record 14,449, reflecting the benefits of recent investments in Key Account Management (KAM).
Management Commentary
Mr. Ankush Nijhawan, Co-founder and Joint MD, highlighted the platform’s resilience, benefiting from diversified markets and a cost-effective India base. He emphasized that as the platform scales, deep relationships and service quality will remain key differentiators.
Mr. Gaurav Bhatnagar, Co-founder and Joint MD, noted that the organic Adjusted EBITDA growth continues to outpace gross profit growth, demonstrating the platform’s structural operating leverage. He added that investments are driving platform activity without a proportionate increase in costs, reinforcing the strategy of expanding distribution through technological advancements to improve productivity and lower costs.
Detailed commentary on the business’ performance for Q2’FY27 is available in TBO’s Shareholders’ Letter on the company website.
Source: BSE
