TBO Tek’s board has approved the unaudited standalone and consolidated financial results for Q2 2025. The company also announced its acquisition of Classic Vacations LLC for approximately $125 million. Q2 2025 consolidated profit after tax stood at ₹675.47 million with total income reaching ₹5,826.98 million. The acquisition, completed on October 1, 2025, is expected to enhance TBO Tek’s presence in the luxury travel sector.
Financial Performance in Q2 2025
TBO Tek announced its unaudited consolidated financial results for the quarter ended September 30, 2025 (Q2 2025). Key highlights from the results include:
- Total income for Q2 2025 reached ₹5,826.98 million.
- Profit before tax stood at ₹782.26 million.
- Profit after tax for the quarter was ₹675.47 million.
Segment Revenue Breakdown
The company provided a breakdown of its segment-wise revenue for Q2 2025:
- Air ticketing contributed ₹780.80 million.
- Hotels and packages generated ₹4,794.58 million.
- Other segments accounted for ₹99.72 million.
Strategic Acquisition of Classic Vacations LLC
TBO Tek has successfully completed the acquisition of 100% stake in Classic Vacations LLC on October 1, 2025, for a consideration of $125 million. Classic Vacations is a B2B2C luxury travel company based in the USA. This acquisition is poised to strengthen TBO Tek’s footprint in the high-value travel advisory market.
Utilisation of IPO Proceeds
As of September 30, 2025, TBO Tek has utilized ₹1,968.94 million from its IPO proceeds. The funds were allocated towards:
- Technology and data solutions investment.
- Marketing and sales activities for Tek Travels DMCC.
- Sales, marketing, and infrastructure development in India.
An inter-corporate loan totaling ₹3,154.77 million has been extended to Tek Travels DMCC to partially fund the Classic Vacations acquisition.
Legal and Regulatory Matters
TBO Tek is addressing an ongoing matter related to a show-cause notice received from the Enforcement Directorate (ED) regarding alleged violations of the Foreign Exchange Management Act (FEMA). The company is currently contesting the matter and is in consultation with its legal counsel. The financial impact of this is still under assessment.
Source: BSE
