TBO Tek Limited announced its Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended December 31, 2025. The Board of Directors approved the results on February 11, 2026. Consolidated revenue from operations for the quarter reached INR 7,966.75 Million, showing significant growth compared to previous periods. Key financial events during the period included the acquisition of Classic Vacations LLC, which impacts comparability.
TBO Tek Board Approves Q3 FY26 Results
The Board of Directors of TBO Tek Limited convened on February 11, 2026, to consider and approve the Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended December 31, 2025. The results reflect strong operational performance despite significant strategic investments made during the nine-month period.
Consolidated Financial Highlights (Q3 FY26)
For the quarter ended December 31, 2025, the Group reported:
- Total Income: INR 7,966.75 Million, up from INR 5,826.98 Million in the preceding quarter (Sept 30, 2025).
- Profit Before Tax: INR 660.98 Million.
- Total Comprehensive Income: INR 616.97 Million.
The nine months ended December 31, 2025, showed Total Income of INR 19,029.24 Million, resulting in a Profit Before Tax of INR 2,196.36 Million.
Standalone Financial Performance (Q3 FY26)
The Unaudited Standalone Financial Results for the Company (including the TBO Employees Benefit Trust) show improvements in profitability:
- Profit Before Tax: INR 154.70 Million for the quarter, up from INR 133.51 Million in Q2 FY26.
- Total Comprehensive Income: INR 119.29 Million for the quarter.
- The nine-month standalone Profit Before Tax stood at INR 504.79 Million.
Significant Business Events in the Period
A major corporate action during this reporting period was the completion of the acquisition of Classic Vacations LLC by the US-based step-down subsidiary, TBO LLC, effective October 01, 2025. This acquisition was funded by internal accruals, an inter-corporate loan of INR 3,154.77 Million (USD 35.89 Million), and credit facilities. The provisional Goodwill recognized from this business combination amounted to INR 3,869.52 Million.
IPO Proceeds Utilization
Utilization details for the fresh issue proceeds from the IPO (totaling INR 3,810.64 Million net) are updated. As of December 31, 2025, INR 1,350.00 Million was utilized for investment in technology and data solutions, and INR 797.59 Million was utilized for subsidiary marketing activities, leaving a temporary unutilized balance of INR 248.93 Million.
Auditor Review Opinion
The Statutory Auditors (S.R. Batliboi & Co. LLP) confirmed that based on their review of the consolidated and standalone results, nothing came to their attention suggesting the statements contained material misstatements, provided the standards were followed.
FEMA Matter Update
The report draws attention to an ongoing uncertainty regarding a show-cause notice related to the Foreign Exchange Management Act (FEMA). The company is actively contesting the adjudication proceedings, and no financial adjustments related to this matter have been made to the current results, pending the final outcome.
Source: BSE
