TBO Tek Limited reported a consolidated net profit of ₹83.4 crore for the quarter ended June 30, 2026 (Q1FY27), marking a 32% year-on-year increase from ₹63.0 crore in the prior period. The growth was primarily driven by an 81% surge in revenue from operations to ₹925.8 crore, compared to ₹511.3 crore in Q1FY26. This significant expansion was underpinned by a 37% rise in Gross Transaction Value (GTV) to ₹11,154.3 crore, reflecting strong demand across global travel segments and the integration of Classic Vacations, despite ongoing geopolitical uncertainties in the Middle East.

The Board of Directors approved the unaudited standalone and consolidated financial results on July 29, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. S.R. Batliboi & Co. LLP, the statutory auditors, issued an unmodified limited review report on the financial statements.

Financial Performance Overview

Consolidated gross profit grew 66% YoY to ₹552.4 crore from ₹333.3 crore. Adjusted EBITDA surged 77% to ₹149.9 crore from ₹84.7 crore, outpacing gross profit growth and indicating improved margin efficiency. Total income stood at ₹925.8 crore, while total expenses were ₹835.4 crore. A net foreign exchange loss of ₹5.5 crore impacted the bottom line, contrasting with a net loss of ₹3.8 crore in the corresponding quarter last year.

Standalone results also showed robust growth, with net profit rising to ₹83.4 crore. Earnings per share (basic) stood at ₹7.77 for the consolidated entity.

Segment-Wise Contribution

The Hotels and Packages segment remained the primary revenue driver. GTV for the Hotels + Ancillary business reached ₹7,577.7 crore, up 50% YoY. Air ticketing revenue was relatively stable at ₹81.2 crore, while the 'Others' segment saw substantial growth to ₹44.8 crore from ₹10.4 crore. Monthly Transacting Buyers (MTBs) for the quarter reached 33,736, up 14% YoY, indicating broad-based customer acquisition across India, APAC, Europe, North America, and LATAM.

What the Numbers Show

The divergence between revenue growth (81%) and net profit growth (32%) is partially offset by the stronger growth in Adjusted EBITDA (77%), highlighting effective cost management and operating leverage. While the acquisition of Classic Vacations LLC boosted top-line figures substantially, the associated costs—including higher service fees and employee benefits—absorbed a significant portion of the incremental revenue.

Crucially, organic performance demonstrated strong operating leverage. Organic Gross Profit grew 16%, while SG&A grew only 12%, allowing organic Adjusted EBITDA to grow 25%. Consequently, the organic Adjusted EBITDA margin expanded to 17.8% from 16.6% in Q1FY26. This indicates that each incremental rupee of Gross Profit required progressively less incremental operating expenditure. Cash and Cash Equivalents stood at ₹1,984 crore as on June 30, 2026, up ₹392 crore from March 31, 2026, driven by working capital release.

Regulatory and Legal Disclosures

The auditor’s report included an emphasis of matter regarding a show-cause notice received from the Enforcement Directorate (ED) under the Foreign Exchange Management Act (FEMA), 1999. The ED alleged violations involving transactions worth ₹493.70 million, with total identified contraventions amounting to ₹712.25 million. The company filed a compounding application with the Reserve Bank of India (RBI), which directed regularization via post-facto approvals or unwinding. The RBI declined post-facto approval in April 2025 and again in September 2025. Adjudication proceedings remain sub-judice, with the final financial impact currently unascertainable. No adjustments have been made to the Q1FY27 results pending the outcome.

TBO Tek Limited will conduct an earnings conference call on July 30, 2026, to discuss its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The meeting is scheduled to commence at 16:00 IST and is open to investors and analysts. Participation requires mandatory registration through the provided Zoom link.

The disclosure regarding the conference call was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has made the schedule and related details available on its official website.

Management Participants

The discussion will feature key members of the company's leadership team. The table below lists the management personnel scheduled to participate in the call.

Investor Contact Details

Stakeholders seeking further information may reach out to the company's Investor Relations department via email. Additionally, queries can be directed to Adfactors PR Pvt. Ltd., the firm handling communications for the event.