TBO Tek

TBO Tek Limited reported quarterly results showing resilience despite significant industry challenges. The company faced disruptions from India-Pakistan conflict, Iran-Israel conflict, and an Air India crash during the peak summer travel season. Despite these headwinds, monthly transacting buyers grew 5% to over 29,500, GTV increased 2%, revenue grew 22%, and gross profit rose 19%. The faster growth in revenue and GP was driven by increased contribution from hotels and ancillary business. EBITDA remained flat on a like-to-like basis with marginal PAT growth. The company continued heavy investments in international markets, particularly in hiring key account managers, which showed early positive results with monthly active agents growing from 8,600-9,000 range to nearly 11,000 in June. New customer addition rate increased 69% year-over-year, with 4.2% of international GTV contributed by travel agents added in the same quarter. Management expects the investment phase to complete by Q4, anticipating operating leverage to improve in the latter half of the year. July showed quick recovery in Europe and Middle East markets, with demand normalizing to expected levels.

TBO Tek Limited has made the audio/video recording of their earnings conference call available on their website. The call was held on August 4, 2025, and discussed the company's unaudited standalone and consolidated financial results for the quarter ended June 30, 2025. The recording can be accessed through a specific link on the company's website.

TBO TEK reported quarterly net profit of 630 million rupees compared to 609 million rupees in the same period last year. The company's revenue increased to 5.1 billion rupees from 4.18 billion rupees year-over-year. However, EBITDA declined to 740 million rupees from 786 million rupees, while EBITDA margin compressed to 14.5% from 18.8% in the previous year.