TBO Tek Shares Surge Over 11% After Strong Q2 Show

Update | 16:39 IST

TBO Tek’s shares ended the day 6.1% higher at INR 1,588.10 on the BSE, after giving up nearly half of their intraday gains.

At the end of the trading session, its market capitalisation stood at INR 17,244.83  Cr (around $1.9 Bn), with over 5 Lakh shares changing hands during the day.

The surge in stock price today followed the company’s strong Q2 FY26 earnings.

Original | November 4, 12:04 IST

Shares of TBO Tek zoomed over 11% to INR 1,669.10 during the intraday trading session on the BSE after the company reported improvement in its financial performance in Q2 yesterday. 

The travel tech company saw 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.

At 10:46 IST, the stock was trading 10.4% higher at INR 1,653 apiece on the BSE and more than 24 Lakh shares were traded by then. The company’s market capitalisation stood at INR 17,946.85 Cr (about $2.02 Bn ). 

TBO Tek said its business rebounded in Q2 after a rocky Q1 performance. Its operating revenue rose 26% YoY and 11% QoQ to INR 567.5 Cr in the September quarter. Including other income of INR 15.2 Cr, total income for the quarter under review stood at INR 583 Cr. 

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. 

Founded in 2006 by Nijhawan and Gaurav Bhatnagar, TBO Tek  provides travel solutions to travel agents and tour operators. It offers white-label solutions, hotel and flight booking APIs and dynamic packages, among others.

The company’s platform enables suppliers to showcase their inventory and set prices, while buyers can access an integrated, multi-currency, and multilingual solution to discover and book travel.

TBO Tek has been on an expansion spree for some time now, setting up subsidiaries in countries like Poland, Canary Island, Indonesia, Greece, Australia, among others.

It announced the acquisition of US-based B2B2C luxury travel company Classic Vacations for $125 Mn during Q2. 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. 

Notably, the stock ended in the red in four out of the last seven sessions on the BSE.