TBO Tek Q2: Profit Rises 13% YoY To INR 68 Cr

B2B travel tech company TBO Tek reported a 13% increase in its consolidated net profit to INR 67.5 Cr in Q2 FY26 from INR 60.1 Cr in the year-ago period. On a sequential basis, profit grew 7% from INR 63 Cr in the previous quarter.

Operating revenue surged 26% YoY and 11% QoQ to INR 567.5 Cr. 

Including other income of INR 15.2 Cr, TBO Tek’s total income for the quarter under review stood at INR 583 Cr. Meanwhile, total expenses increased 28% YoY to INR 504.5 Cr.

Adjusted EBITDA before acquisition-related costs grew 16% YoY to INR 104 Cr, while gross transaction value (GTV) rose 12% YoY to INR 8,901 Cr. The company’s average monthly transacting buyers grew 8% YoY to 30,662. 

The company said it managed to rebound after a rocky Q1 performance. It said it saw broad-based growth, led by its operations in Europe, Middle Eastern Asia (MEA) and Asia Pacific (APAC), and its India operations stabilised. 

“Our growth this quarter was broad based across regions, led by strong momentum in international markets and early signs of stabilisation in India. With hotels and ancillaries continuing to deepen their contribution and operating leverage beginning to play out, we are confident of sustaining profitable growth and strengthening the foundation for long-term value creation,” cofounder and joint MD Ankush Nijihawan said. 

Hotel Business Continues To Be TBO Tek’s Strong Suite

The company’s hotel and ancillaries business saw its revenue grow 35% YoY to INR 479.5 Cr. It accounted for 64% of GTV during the quarter, up from 59.3% in Q2 FY25, while the segment’s take rate improved to 8.5% from 7.6% a year ago. 

While the segment’s profit increased 23% YoY to INR 316.8 Cr, the air ticketing segment’s profit dipped 4% YoY to INR 37.3 Cr. 

The air ticketing segment’s revenue fell 7% YoY to INR 78.1 Cr. Meanwhile, other businesses raked in a revenue of INR 10 Cr and a profit of INR 9 Cr in the quarter. 

For the hotel and ancillaries vertical, the company said that its European business was the largest source of revenue. The MEA and APAC region’s hotel revenue also grew 27% YoY and 41% YoY, respectively. Within India, the segment’s revenue increased 4% YoY to INR 518 Cr.

Notably, TBO Tek announced the acquisition of US-based B2B2C luxury travel company Classic Vacations for $125 Mn during the quarter under review. Classic Vacations became a material subsidiary of TBO Tek, starting October 1. 

The company said that the acquisition would help it strengthen its positioning in the premium outbound segment. 

Shares of TBO Tek ended today’s trading session 0.95% higher at INR 1,496.80 on the BSE.