TBO Tek Limited has issued a revised Shareholders’ Letter detailing its Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. This update addresses an inadvertent error in the previously submitted results. The company confirms that the enclosed revised letter supersedes the earlier version and is available on their website. Key metrics from Q1 FY2027 show robust performance, with reported GTV up 37% YoY to ₹11,154 Cr and Adj. EBITDA growing 77% YoY to ₹150 Cr.
Revised Financial Disclosures
TBO Tek Limited has officially released a revised Shareholders’ Letter, providing updated Unaudited Standalone and Consolidated Financial Results for the first quarter of Fiscal Year 2027, which concluded on June 30, 2026. This revised disclosure addresses an inadvertent error found in the initial submission made on July 29, 2026. The company emphasizes that this updated letter supersedes all previous versions and has been filed with the relevant stock exchanges.
Key Financial Highlights for Q1 FY2027
The disclosed results for Q1 FY2027 showcase a strong operational performance. Reported Gross Transaction Value (GTV) saw a significant year-over-year increase of 37%, reaching ₹11,154 crore. The organic GTV, excluding Classic Vacations, grew by 22% YoY to ₹9,918 crore. Adjusted EBITDA also demonstrated robust growth, rising by 77% YoY to ₹150 crore. The company highlighted that Gross Profit growth outpaced SG&A growth, leading to an improvement in the Adj. EBITDA margin for the organic business to 18%.
Operational Performance and Strategy
The quarter was marked by resilient performance despite geopolitical challenges in the Middle East. TBO Tek’s platform economics are showing increasing visibility, with the organic business demonstrating operating leverage. Organic Gross Profit grew by 16%, while SG&A grew by approximately 12%, enabling a 25% increase in organic Adj. EBITDA. The company is focused on leveraging its scalable platform to drive future growth and profitability, with a strategic emphasis on technology, particularly artificial intelligence, to enhance travel experiences and advisor productivity.
Geographical Performance Overview
Performance across geographies varied, with APAC leading as the fastest-growing market with 56% YoY GTV growth. North America experienced substantial growth at 363% YoY, partly driven by Classic Vacations integration. Europe also showed strong momentum with 37% YoY GTV growth. The Middle East & Africa (MEA) market remained relatively flat at 11% YoY due to ongoing geopolitical headwinds, while Latin America (LATAM) continued its growth trajectory with a 20% YoY increase.
Cash Position and Investments
TBO Tek reported a healthy cash balance of ₹1,984 crore as of June 30, 2026, an increase of ₹392 crore from the previous quarter. This increase was partly attributed to working capital release. The company also noted its continued investment in market development, technology, and supply chain optimization, underscoring its commitment to long-term expansion and operational efficiency.
Source: BSE
