TBO Tek Reports 26% Revenue Growth in Q2 FY26 clocking Rs 568 Cr
Filing Summary
TBO Tek Ltd has released its unaudited financial results for Q2 FY26, reporting a 26% year-on-year increase in revenue, reaching ₹568 crore. The company’s Gross Transaction Value (GTV) grew by 12% to ₹8,901 crore, with a notable 20% growth in the Hotels and Ancillaries segment. The acquisition of Classic Vacations for $125 million was completed on October 1, 2025. Adjusted EBITDA margin before acquisition costs stood at 18.32%. The company also reported cash and cash equivalents of ₹1,955.9 crore as of September 30, 2025.
TBO Tek Ltd has announced its unaudited financial results for the quarter and half-year ended September 30, 2025. The company reported a 26% year-on-year increase in revenue, amounting to ₹568 crore. The Gross Transaction Value (GTV) for the quarter grew by 12% to ₹8,901 crore. The Hotels and Ancillaries segment contributed significantly to this growth, with a 20% year-on-year increase. The company completed the acquisition of Classic Vacations for $125 million on October 1, 2025, marking a strategic expansion in the U.S. luxury travel market.
Financially, TBO Tek’s revenue from operations reached ₹567.5 crore, up from ₹450.7 crore in the same quarter last year. The company’s Gross Profit for the quarter was ₹363.3 crore, compared to ₹306.1 crore in the previous year. The Adjusted EBITDA margin before acquisition-related costs was 18.32%, reflecting improved cost efficiency and scalability. Cash and cash equivalents, including bank balances and fixed deposits, totaled ₹1,955.9 crore as of September 30, 2025. This figure includes $70 million drawn from a debt facility for the Classic Vacations acquisition.
Operationally, TBO Tek experienced broad-based growth across key markets, including Europe, APAC, and India. The company reported an 8% year-on-year increase in Monthly Transacting Buyers, reaching 30,662. The International Monthly Transacting Buyers grew by 23.6% year-on-year. The company’s strategic focus on expanding its Key Account Manager (KAM) network and international coverage has resulted in tangible outcomes, with 2,357 new agents transacting for the first time in the international business.
The timeline for the acquisition of Classic Vacations was completed on October 1, 2025. The acquisition is expected to enhance TBO Tek’s capabilities in the high-value B2B2C travel space. The company recorded one-time acquisition-related costs of ₹13.15 crore during the quarter. The integration of Classic Vacations is anticipated to leverage TBO Tek’s advanced technology platform and expansive distribution network.
The parties involved in the acquisition include TBO Tek Ltd and Classic Vacations, a U.S.-based luxury travel company. Classic Vacations will continue to operate as an independent brand under its existing leadership team, led by CEO Melissa Krueger. The acquisition aligns with TBO Tek’s strategic roadmap to build a global travel-tech platform with a strong position in the premium outbound segment.
In the market context, TBO Tek’s performance across geographies showed resilience and growth. The India business returned to positive growth, while Europe, MEA, and APAC regions registered healthy double-digit growth. The company continues to focus on deepening engagement with its global agent network and driving higher productivity through technology. The acquisition of Classic Vacations is expected to expand TBO Tek’s presence in one of the largest source markets for luxury travel.
TBO Tek Ltd is a leading travel distribution platform focused on providing comprehensive travel solutions. The company prioritizes expanding its global footprint and enhancing its technology platform to deliver value to its network of travel agents and partners. TBO Tek’s strategic initiatives aim to strengthen its position in the high-value B2B2C travel market.