What drove the revenue growth for TBO Tek?

The primary driver was a 39% increase in the hotels and ancillary segment. This helped push total quarterly revenue to ₹814 crore.

How did the company perform in terms of transaction volume?

Gross transaction value reached ₹10,079 crore, representing a 29% increase over the same period last year.

Did geopolitical issues affect the company's performance?

Yes, the company noted that geopolitical disruptions in the Middle East impacted specific travel corridors. However, it maintained that its performance showed structural resilience.

What was the growth in adjusted EBITDA?

Adjusted EBITDA rose 40% to ₹111 crore for the quarter ended March 2026.

Earnings · Travel Services · Mid cap

TBO Tek revenue climbs 83% as travel demand holds steady

The travel platform hit ₹814 crore in quarterly revenue, despite geopolitical headwinds in the Middle East.

— 3 earlier stories on TBO Tek Ltd. →

TBOTEK By Tipsheet Editorial 29 May 2026 · 10:01 AM IST Verify on BSE · NSE

Mkt cap₹13,369 cr

P/E54.72×

ROE19.24%

Debt / eq.0.11

₹814 cr Quarterly revenue for the period ended March 2026.

What's new

Revenue jumped 83% year-on-year to ₹814 crore.
Gross transaction value rose 29% to ₹10,079 crore.
Adjusted EBITDA climbed 40% to ₹111 crore.

Why this matters

TBO Tek is managing to grow its top line significantly despite regional travel disruptions. The 39% gain in its hotels and ancillary segment suggests its core business remains durable.

What we're watching

Whether the Middle East travel corridors recover in the coming quarters.
Sustainability of the 39% growth rate in the hotels segment.
Margin pressure from any further geopolitical volatility.

The full read

TBO Tek posted a strong quarter, with revenue rising 83% year-on-year to ₹814 crore. The travel distribution platform saw its gross transaction value climb 29% to ₹10,079 crore. Adjusted EBITDA followed suit, rising 40% to ₹111 crore. The company attributes this performance to its hotels and ancillary segment, which grew 39%. Management claims the business model is showing structural resilience, even as geopolitical disruptions in the Middle East continue to weigh on specific travel corridors. The results are solid. The open question is how much of this growth is repeatable if regional instability persists. For now, the numbers speak for themselves.

Questions answered

What drove the revenue growth for TBO Tek?: The primary driver was a 39% increase in the hotels and ancillary segment. This helped push total quarterly revenue to ₹814 crore.
How did the company perform in terms of transaction volume?: Gross transaction value reached ₹10,079 crore, representing a 29% increase over the same period last year.
Did geopolitical issues affect the company's performance?: Yes, the company noted that geopolitical disruptions in the Middle East impacted specific travel corridors. However, it maintained that its performance showed structural resilience.
What was the growth in adjusted EBITDA?: Adjusted EBITDA rose 40% to ₹111 crore for the quarter ended March 2026.

Mentioned: TBO Tek Ltd.

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Story so far

All notes on TBOTEK →

29 May 2026 · 10:01 AM IST TBO Tek revenue climbs 83% as travel demand holds steady
1d ago TBO Tek lost ₹30-50 cr to March's Middle East crisis. April snapped back.
2d ago TBO Tek revenue jumps 83% as Classic Vacations acquisition kicks in
2d ago TBO Tek revenue jumps 83% as travel distribution scales