Results · Commerce & Consumer Brands

TBO Tek reports Q4 revenue growth with flat profit

What they do

TBO Tek is an online travel agency facilitating bookings for hotels and flights

Q4 FY26 revenue rose 83% to Rs 814 Cr, driven by international demand

Profit remained flat at Rs 60 Cr despite higher expenses and take rates

TBO Tek announced Q4 FY26 financial results showing strong top-line growth.
Operating revenue increased 83% year-on-year to reach Rs 814 Cr.
Total income stood at Rs 827 Cr, including other income of Rs 12.8 Cr.
Profit after tax (PAT) stayed flat at Rs 60 Cr, up just 2% from last year.
EBITDA grew significantly to Rs 105 Cr, while adjusted EBITDA reached Rs 111 Cr.
Adjusted EBITDA margin improved to 13.6% in the quarter under review.
Total expenses surged 88% to Rs 753 Cr, outpacing revenue growth.
Service fees expense was the largest cost item at Rs 320 Cr.

International markets drove most growth, contributing 88% of Q4 revenue.
The company acquired US wholesaler Classic Vacations for $125 Mn in Oct 2025.
Take rate improved to 8.1% from 5.7%, boosting revenue per transaction.
Share price closed at Rs 1,225.15 with a market cap of Rs 13,291 Cr.

TBO Tek operates as an online travel booking platform for consumers and agents.
The Hotels & ancillary segment generated Rs 676 Cr, accounting for 83% of revenue.
Airlines segment contributed Rs 86 Cr to the total quarterly earnings.
Other segments added Rs 53 Cr to the overall business performance.
Gross Transaction Value (GTV) reached Rs 10,079 Cr, up 29% year-on-year.
63% of GTV came from international buyers during the quarter.
Monthly transacting buyers totaled 32,751, showing a 15% increase.
International buyers grew ~50% to 14,944, while India buyers were 17,806.