TBO Tek Reports 32% Profit Increase in First Quarter

TBO Tek, a global B2B travel technology platform, announced its first-quarter financial results for FY27, reporting a consolidated net profit of ₹83.4 crore. This represents a 32% increase compared to the same period last year when the profit was ₹63 crore. Sequentially, the profit rose by 39% from the previous quarter.

Operating revenue for the quarter climbed 81% year-over-year to ₹925.8 crore. Total expenses grew by 83% year-over-year, largely paralleling the revenue increase, reaching ₹835.4 crore. The company attributed its performance to broad-based growth across its operating regions, the ongoing contribution from its recent acquisition of Classic Vacations, and increasing operational efficiency.

Gross Transaction Value (GTV) for the quarter increased by 37% year-over-year to ₹11,154 crore. The company noted that its organic business GTV grew by 22% year-over-year. Monthly transacting buyers rose 14% year-over-year, with a significant 39% increase in international buyers, although India remained the largest market by buyer volume.

The company's strategy continues to emphasize artificial intelligence through its Voya platform, aiming to enhance travel advisor productivity by automating routine tasks and allowing for greater focus on complex itinerary planning. The integration of Classic Vacations is proceeding as planned, with substantial completion expected by the end of the third fiscal quarter.