TBO Tek revenue jumps 83% as travel distribution scales
The platform reported quarterly revenue of ₹814 crore, fueled by a 90% surge in its hotels and ancillaries business.
— 3 earlier stories on TBO Tek Ltd. →What's new
- Quarterly revenue climbed 83% year-on-year to ₹814 crore.
- Gross transaction value rose 29% to ₹10,079 crore for the quarter.
- Adjusted EBITDA reached ₹111 crore, a 40% increase over the prior year.
Why this matters
TBO Tek is proving its model can scale across diverse geographies despite regional instability. The 90% growth in the hotels and ancillaries segment suggests the company is successfully capturing higher-margin travel spend.
What we're watching
- Whether the India business maintains its recent growth momentum.
- Impact of Middle East geopolitical disruptions on future margins.
- Sustainability of the 90% growth rate in the hotels segment.
The full read
TBO Tek closed the March quarter with revenue of ₹814 crore, an 83% increase over the same period last year. Growth was anchored by a 90% expansion in the hotels and ancillaries segment, while gross transaction value reached ₹10,079 crore, up 29%. Profitability also tracked higher, with adjusted EBITDA climbing 40% to ₹111 crore.
It is scaling fast.
For the full financial year, the company processed ₹36,809 crore in gross transactions, a 19% gain, while management pointed to broad-based demand across India, Europe, APAC, and the Americas as a buffer against geopolitical headwinds in the Middle East. The India business, in particular, showed a clear trend reversal. These results confirm the platform's ability to maintain scale, though the market had largely anticipated these figures ahead of the official release.
Questions answered
- What drove the revenue growth in the March quarter?
- The primary driver was the hotels and ancillaries segment, which grew by 90% compared to the same period last year.
- How did the company perform on a full-year basis?
- For the full financial year, TBO Tek recorded a gross transaction value of ₹36,809 crore, representing a 19% increase.
- Did geopolitical issues affect the company's performance?
- Despite disruptions in the Middle East, the company reported broad-based strength across its key markets in India, Europe, APAC, and the Americas.
- What is the current status of the India business?
- The company noted a visible trend reversal in its India operations, contributing to the overall growth in the period.
Story so far
All notes on TBOTEK →- 29 May 2026 · 5:45 AM IST TBO Tek revenue jumps 83% as travel distribution scales
- 1d ago TBO Tek lost ₹30-50 cr to March's Middle East crisis. April snapped back.
- 1d ago TBO Tek revenue climbs 83% as travel demand holds steady
- 2d ago TBO Tek revenue jumps 83% as Classic Vacations acquisition kicks in