TBO TEK Ltd

TBO TEK Q1’FY26 Results: Revenue Up 22% YoY, Profit Grows to ₹63 Cr 📊

- Revenue grew 22% YoY to ₹511.3 Cr, Gross Profit up 19% to ₹333.3 Cr.

- Monthly Transacting Buyers (MTBs) reached 29,570 (+5.2% YoY), with international MTBs growing 17.3% YoY.

- Gross Transaction Value (GTV) at ₹8,119 Cr (+2% YoY), Hotels & Ancillaries contributed 62.3%.

- Adjusted EBITDA flat YoY at ₹84.7 Cr, margins at 16.56%.

- Profit after Tax grew to ₹63 Cr (+3.4% YoY, +6.9% QoQ).

- Cash and Cash Equivalents: ₹1,425 Cr as of June 30, 2025.

- Europe largest source market for Hotels & Ancillaries, APAC fastest-growing.

- TBO Platinum program expanded to 110+ hotels across 40 destinations.

- SG&A expenses rose 28.8% YoY to ₹255.4 Cr due to hiring and growth investments.

- Hosting & Bandwidth costs surged 94.6% YoY from higher platform traffic and AI investments.

- Net FX loss reduced to ₹3.8 Cr from ₹6.9 Cr in Q4’FY25.

- Exceptional items: ₹27.7 Cr bad debt recovery and GST write-off provision.

- Open to strategic acquisitions for market access and tech enhancement.