TBO records revenue surge of 81% YoY reaching INR 926 cr in Q1 FY27

GTV for the quarter stood at INR 11,154 Cr, up 37% YoY, while Adjusted EBITDA surged 77% YoY to INR 150 Cr.

TBO Tek Limited announced its unaudited financial results for Q1 FY27. Despite continued geopolitical headwinds from the Middle East crisis, the company delivered a robust performance in Q1, with GTV at INR 11,154 cr, up 37% YoY from INR 8,119 cr in the previous year. The company recorded revenue from operations of INR 926 cr v/s. INR 511 Cr [+ 81% YoY] and secured a gross profit of INR 552 cr, up by 66% year-on-year from last year, which was INR 333 cr. Adjusted EBITDA saw a surge of 77% YoY to INR 150 cr, previously INR 85 Cr and PAT of INR 83 Cr v/s. INR 63 Cr [+ 32% YoY].

The quarter began against a backdrop of continuing uncertainty across the Middle East. Travel routes, destination preferences and booking behaviour were still adjusting to the disruption. Against this environment, the platform continued to grow, Adj. EBITDA grew faster than Gross Profit with healthy cash generation.

For the Hotels + Ancillary Segment, GTV for the APAC, Europe and LATAM markets grew at 56% YoY, 37% and 20%, respectively. The India business had another strong quarter with a sustained growth trajectory, with the Airline segment reporting 14.7% YoY growth for the quarter.

66% YoY Gross Profit growth drove 77% YoY growth in Adj. EBITDA, demonstrating the operating leverage playing out for the platform. Cash and Cash Equivalents (including bank balances, bank deposits and liquid investments) were INR 1,984cr as on June 30, 2026, up INR 392 cr from March 31, 2026, driven in part by working capital release.

Gaurav Bhatnagar, Co-founder and Joint MD, TBO Tek Limited said, “Q1’FY27 demonstrated the resilience of our platform; the breadth of our source markets and global supply allowed us to participate as travel flows shifted across destinations, airlines and routes. The scalability of this platform and our operating infrastructure will allow us to support progressively greater volumes of business without requiring a commensurate increase in costs"

Ankush Nijhawan, Co-founder and Joint MD, TBO Tek Limited said, “During Q1’FY27, our India business continued to build on a solid base, with Airlines GTV growing 14.7% YoY and remain confident in the long-term opportunity presented by the increasing scale and sophistication of Indian outbound travel. The quarter also demonstrated TBO’s ability to generate healthy cash flows, with the release of timing related working capital items resulting in cash generation significantly exceeding Adjusted EBITDA.”