NSEPress Release5d ago · 2 Nov 2026, 07:56 pm
Press Release
TBO Tek Limited · TBOTEK
✦ AI Summary▲ PositiveResults
TBO Tek Limited has announced its unaudited financial results for Q2 FY27, with revenue up 53% YoY and Adjusted EBITDA at ₹152 Cr, up 47% YoY. The company has reported a strong recovery in its Middle East business and has seen a broad-based growth across India, APAC, Europe, and North America.
Analysis Scores
Earnings Impact8/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact9/10
Market Sentiment8/10
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Full Announcement
TBO Tek Limited has informed the Exchange regarding Press Release on Financial Results
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November 02, 2026
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/1
Dalal Street, G Block, Bandra-Kurla Complex, Bandra (E)
Mumbai - 400 001, Maharashtra, India Mumbai - 400 051, Maharashtra, India
Scrip Code: 544174 Symbol: TBOTEK
Sub: Press Release on Financial Results
Ref:- Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015 (‘Listing Regulations’)
Dear Sir/ Ma’am,
Pursuant to the provisions of Regulation 30 of Listing Regulations, please find enclosed the press release
pertaining to the Unaudited Standalone and Consolidated Financial Results (Financial Results) of the
Company for the quarter and half year ended on September 30, 2026.
This disclosure will also be available on Company's website at
https://www.tbo.com/engagement/investors/#StockExchangeSubmission
Kindly take the same on record.
Thanking you,
Yours faithfully,
For and on behalf of TBO Tek Limited
Neera Chandak
Company Secretary & Compliance Officer
Encl.: As above
TBO Tek Limited
CIN: L74999DL2006PLC155233
✉️ info@tbo.com | +91 124 4998999
Registered Office Address: Unit No. 501, 5th Floor, Worldmark-4, Asset Area No. LP-IB-04, Gateway District,
Aerocity, Near Indira Gandhi International Airport, New Delhi – 110037
Corporate Office Address: Plot No. 728, Udyog Vihar Phase- V Gurgaon-122016 Haryana, India
Your booking experience starts at www.tbo.com
TBO Tek Ltd posts a strong Q2 FY27 performance with continued
operating leverage driving organic margin expansion - Revenue up
53% YoY and Adj. EBITDA at ₹152 Crores, up 47% YoY
Press Release
• The quarter was characterized by robust performance despite continued macro headwinds.
GTV for the quarter stood at ₹11,695 Cr, up 31% YoY.
• GTV for the Hotels + Ancillary business reached ₹7,889 Cr, up 39% YoY and GTV for Airlines
business reached ₹3,807 Cr, up 18% YoY
• Monthly Transacting Buyers (MTBs) for the quarter reached 34,529, up 13% YoY.
• The quarter saw a broad-based growth across India, APAC, Europe, and North America with a
strong recovery in the Middle east business
• Cash and Cash Equivalents (including bank balances, bank deposits and liquid investments)
were ₹2,060 Cr as on 30th September 2026, after a $10 Million prepayment of term debt.
New Delhi, November 2nd, 2026: TBO Tek Limited (BSE: 544174) (NSE: TBOTEK), one of the largest
global travel distribution platforms, announced its unaudited financial results for Q2’FY27 today.
Consolidated Financial Performance for Q2 FY2027 [YoY Growth]
• GTV of ₹11,695 Cr v/s ₹8,901 Cr [+ 31% YoY]
• Revenue from operations of ₹866 Cr v/s. ₹568 Cr [+ 53% YoY]
• Gross Profit of ₹561 Cr v/s. ₹363 Cr [+ 54% YoY]
• Adjusted EBITDA of ₹152 Cr v/s. ₹104 Cr [+ 47% YoY].
• PAT of ₹76 Cr v/s. ₹68 Cr [+ 13% YoY].
*All numbers have been rounded off
Key Business Updates
The Quarter continued to face macro headwinds including geopolitical disruptions in the middle east
and higher fuel prices, the business continued to deliver on fundamentals with broad based growth,
expanding agent activity on the platform and continued delivery of operating leverage. The robust
recovery in our Middle East business, while the underlying market remains impacted likely indicates a
market share gain for TBO driven by service differentiation and reliability.
• For the Hotels + Ancillary Segment, GTV for the Europe and APAC markets grew at 36% YoY,
and 33% YoY, respectively.
• The India business had another strong quarter with sustained growth trajectory, with the
Airline segment and Hotels + Ancillary segment reporting 14.5% YoY growth, and 12.2% YoY
growth for the quarter, respectively.
• Monthly transacting buyers in the organic international business grew 17.4% YoY to a record
14,449 during the quarter. We view this growth as a leading indicator of the continued
benefits of last year’s investment in KAM hiring.
Management Commentary
Mr. Ankush Nijhawan, Co-founder and Joint MD, TBO Tek Limited said "Our platform continues to
show resilience in the face of meaningful macro headwinds, benefiting from our globally diversified
source and destination markets and our India focussed cost base. As the platform continues to scale,
we expect our deep relationships and service quality to continue to be the differentiating factor”
Mr. Gaurav Bhatnagar, Co-founder and Joint MD, TBO Tek Limited said, “Our organic Adj. EBITDA
growth continues to outpace the gross profit growth for the second quarter in a row, demonstrating
the platform’s structural operating leverage as earlier commercial investments drive greater platform
activity without a proportionate increase in costs. These results reinforce our strategy of expanding
distribution while using technology to improve productivity and lower our cost to serve”
Management published detailed commentary on the business’ performance for the quarter in TBO’s
Shareholders’ Letter for Q2’FY27, which will be available on the company website.
Website – www.tbo.com
For further information, please contact:
TBO Tek Ltd Adfactors PR ltd
Neera Chandak Aashvi Shah
Email- corporatesecretarial@tbo.com Email: aashvi.shah@adfactorspr.com
Investor Relations For Media Queries
Email- investors@tbo.com Sagar Sawant
Email: sagar.sawant@adfactorspr.com