TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

05 Nov 2025 CW Team

The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax rose 12.4 per cent to Rs 680 million.

Hotels and Ancillaries remained the main growth drivers, contributing 64 per cent of GTV and 87 per cent of gross profit. The segment saw a 20.4 per cent YoY rise, with MEA and APAC growing 27 per cent and 41 per cent, respectively. Europe continued to be the largest source market in this category.

Ankush Nijhawan, Co-founder and Joint MD, TBO Tek Limited said "Our growth this quarter was broad based across regions, led by strong momentum in international markets and early signs of stabilization in India. With Hotels and Ancillaries continuing to deepen their contribution and operating leverage beginning to playthrough, we are confident of sustaining profitable growth and strengthening the foundation for long-term value creation”

Monthly Transacting Buyers increased by 8 per cent YoY to 30,662, led by a 23.6 per cent rise in international buyers, while the Indian base remained steady with high engagement.

Gaurav Bhatnagar, Co-founder and Joint MD, TBO Tek Limited said, “This quarter’s performance reflects both the strength of our model and the discipline of execution. Growth was broad based, profitability improved, and the business showed clear signs of structural operating leverage. With the KAM expansion nearing completion and Classic Vacations now part of the platform, we enter the next phase with sharper focus, stronger fundamentals, and a wider global footprint."

During the quarter, TBO completed the acquisition of Classic Vacations for $125 million, recording one-time acquisition costs of Rs 131.5 million. The acquisition strengthens TBO’s global footprint and product portfolio.

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax rose 12.4 per cent to Rs 680 million.Hotels and Ancillaries remained the main growth drivers, contributing 64 per cent of GTV and 87 per cent of gross profit. The segment saw a 20.4 per cent YoY rise, with MEA and APAC growing 27 per cent and 41 per cent, respectively. Europe continued to be the largest source market in this category.Ankush Nijhawan, Co-founder and Joint MD, TBO Tek Limited said Our growth this quarter was broad based across regions, led by strong momentum in international markets and early signs of stabilization in India. With Hotels and Ancillaries continuing to deepen their contribution and operating leverage beginning to playthrough, we are confident of sustaining profitable growth and strengthening the foundation for long-term value creation”Monthly Transacting Buyers increased by 8 per cent YoY to 30,662, led by a 23.6 per cent rise in international buyers, while the Indian base remained steady with high engagement.Gaurav Bhatnagar, Co-founder and Joint MD, TBO Tek Limited said, “This quarter’s performance reflects both the strength of our model and the discipline of execution. Growth was broad based, profitability improved, and the business showed clear signs of structural operating leverage. With the KAM expansion nearing completion and Classic Vacations now part of the platform, we enter the next phase with sharper focus, stronger fundamentals, and a wider global footprint.During the quarter, TBO completed the acquisition of Classic Vacations for $125 million, recording one-time acquisition costs of Rs 131.5 million. The acquisition strengthens TBO’s global footprint and product portfolio.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Infrastructure Energy

06 Apr 2026

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Real Estate

06 Apr 2026

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..