TBO Tek Limited , a leading global travel distribution platform, has reported robust financial results for the second quarter of fiscal year 2026, marked by broad-based growth and improved profitability. The company also announced the completion of its acquisition of Classic Vacations, a U.S.-based luxury travel company.

Financial Highlights

For Q2 FY26, TBO Tek reported:

*Before acquisition-related costs

The company's performance reflects a strong recovery from Q1's macro headwinds, with key markets like Europe, APAC, and India showing positive momentum.

Operational Performance

• Monthly Transacting Buyers reached 30,662, up 8% YoY, driven by a 23.6% YoY increase in International MTBs.
• Hotels + Ancillaries GTV grew by 20.4% YoY, expanding its saliency in the business mix to 64% of GTV and 87% of Gross Profit.
• The India business arrested the degrowth trend, marking early signs of stability and recovery.

Classic Vacations Acquisition

TBO Tek completed the acquisition of Classic Vacations, a premier B2B2C luxury travel company, for $125 million on October 1, 2025. The acquisition is expected to strengthen TBO's position in the high-value U.S. luxury travel market and expand its global footprint.

IPO Proceeds Utilization

As of September 30, 2025, TBO Tek has utilized ₹1,968.94 crore out of the total ₹3,810.64 crore raised from its IPO. The funds have been allocated as follows:

The company has transferred ₹1,100 crore to its wholly-owned subsidiary, Tek Travels DMCC, for the Classic Vacations acquisition.

Management Commentary

Ankush Nijhawan, Co-founder and Joint MD, stated, "Our growth this quarter was broad-based across regions, led by strong momentum in international markets and early signs of stabilization in India. We are confident of sustaining profitable growth and strengthening the foundation for long-term value creation."

Gaurav Bhatnagar, Co-founder and Joint MD, added, "This quarter's performance reflects both the strength of our model and the discipline of execution. 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."

Outlook

With the completion of the Classic Vacations acquisition and strong Q2 performance, TBO Tek is well-positioned for continued growth. The company's focus on expanding its global presence, particularly in the luxury travel segment, and its improving profitability metrics suggest a positive outlook for the coming quarters.

Investors should note that the company is currently facing ongoing adjudication proceedings with the RBI regarding alleged FEMA violations worth ₹71.23 crore, with the next hearing scheduled for November 3, 2025. The outcome of this matter may impact future financial results.

TBO Tek's strategic investments in technology, expansion of its agent network, and focus on high-value markets demonstrate its commitment to long-term growth in the global travel distribution space.

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.