TBO Tek Limited, a leading global travel distribution platform, has reported robust growth across its key markets for the quarter ended September 30. The company's performance highlights a strong recovery from the previous quarter's macro headwinds, with significant momentum observed in Europe, Middle East and Africa (MEA), and Asia-Pacific (APAC) regions.

Financial Highlights

• Revenue from operations increased by 26% year-over-year to ₹5,675.10 crore
• Gross Transaction Value (GTV) grew by 12% year-over-year to ₹8,901.00 crore
• Adjusted EBITDA before acquisition-related costs stood at ₹104.00 crore, up 16% year-over-year
• Profit After Tax (PAT) rose by 12.4% year-over-year to ₹68.00 crore

Regional Performance

Europe

Europe remained TBO TEK's largest source market for Hotel and Ancillary business, demonstrating a strong 20% year-over-year growth in GTV. The region's performance was led by high-potential markets such as Spain, France, Germany, Italy, and Israel.

Middle East and Africa (MEA)

The MEA region delivered impressive results with Hotels and Ancillary GTV growing 27% year-over-year to ₹1,600.00 crore. Growth was primarily driven by GCC markets, particularly the UAE, Qatar, and Kuwait.

Asia-Pacific (APAC)

APAC emerged as the fastest-growing region for TBO TEK, with Hotels and Ancillary GTV surging 41% year-over-year to ₹523.00 crore. The company expanded its presence in markets such as Singapore, Hong Kong, Philippines, Thailand, and Malaysia.

India

The India business showed signs of stabilization, marking a complete arrest of the headline degrowth trend. The Hotels and Ancillaries segment in India grew by 4% year-over-year to ₹518.00 crore, indicating healthy underlying demand.

Operational Metrics

Strategic Developments

During the quarter, TBO TEK announced the agreement to acquire 100% equity stake in Classic Vacations for $125 million. The acquisition, completed on October 1, is expected to strengthen TBO TEK's position in the premium outbound segment and expand its presence in the U.S. luxury travel market.

Management Commentary

Mr. Ankush Nijhawan, Co-founder and Joint MD of TBO TEK Limited, stated, "Our growth this quarter was broad-based across regions, led by strong momentum in international markets and early signs of stabilization in India. With Hotels and Ancillaries continuing to deepen their contribution and operating leverage beginning to play through, we are confident of sustaining profitable growth and strengthening the foundation for long-term value creation."

Mr. Gaurav Bhatnagar, Co-founder and Joint MD, added, "This quarter's performance reflects both the strength of our model and the discipline of execution. Growth was broad-based, profitability improved, and the business showed clear signs of structural operating leverage. With the KAM expansion nearing completion and Classic Vacations now part of the platform, we enter the next phase with sharper focus, stronger fundamentals, and a wider global footprint."

As TBO TEK continues to expand its global presence and enhance its service offerings, the company appears well-positioned to capitalize on the recovering travel market and drive sustainable growth across its key regions.

Note: All financial figures are in Indian Rupees (₹) unless otherwise stated.

TBO Tek Limited , a leading travel technology company, has announced its financial results for the second quarter, showcasing robust growth across key financial metrics.

Financial Highlights

TBO Tek reported a significant year-on-year growth in its consolidated revenue, which increased by 26% to ₹568.00 crores. The company's Gross Transaction Value (GTV) increased 12% to ₹8,901.00 crores, driven by strong performance in APAC, MEA, and Europe markets.

Adjusted EBITDA before acquisition costs reached ₹104.00 crores versus ₹90.00 crores in the previous quarter, with margins improving to 18.32% from 16.56%. Profit after tax increased 12.4% to ₹68.00 crores.

Operational Highlights

• Monthly Transacting Buyers reached 30,662, up 8% year-over-year, with international buyers growing 23.6%.
• The Hotels & Ancillaries segment grew 20.4% and now accounts for 64% of GTV and 87% of Gross Profit.
• The company completed the acquisition of Classic Vacations for $125.00 million and recorded one-time acquisition costs of ₹13.15 crores.

Segment Performance

TBO Tek's financial results reveal strong performance across its business segments, with the Hotels & Ancillaries segment emerging as a key driver of growth.

Future Outlook

Management highlighted broad-based growth across regions and early signs of stabilization in the India business after previous headwinds. The company's strong financial performance, particularly in the hotels and ancillaries segment, indicates potential for continued growth.

TBO Tek's ability to maintain double-digit growth in both revenue and net profit amidst evolving market conditions demonstrates its resilience and strong market position in the travel technology sector.