TBO Tek delivers a strong quarter as revenue grows over 83% YoY
Ankush Nijhawan and Gaurav Bhatnagar-1
The quarter saw broad based strength across India, APAC, Europe, North America and Latin America markets demonstrating structural resiliency in the face of geopolitical headwinds emerging from the Middle East war. Additionally, the Adj. EBITDA for the year reached INR 414 Cr, up +26% YoY.
TBO Tek Limited, the leading global travel distribution platforms, announced its audited financial results for FY2026 and Q4’FY2026.
Consolidated Financial Performance for Q4 FY26 shows: GTV of INR 10,079 Cr v/s INR 7,788 Cr (+ 29% YoY); revenue from operations of INR 814 Cr v/s. INR 446 Cr (+ 83% YoY); Gross Profit of INR 494 Cr v/s. INR 311 Cr [+ 59% YoY] and Adjusted EBITDA of INR 111 Cr v/s. INR 79 Cr (+ 40% YoY). The company confirms that all these numbers have been rounded off
FY2026 and Q4’FY2026 were impacted by Geopolitical and Macro headwinds with the business demonstrating structural resilience by delivering continued profitable growth across regions through the periods. Markets across India, Europe, MEA, APAC, North and Latin America showed broad based strength with +83% YoY revenue growth on a full year basis, with the consolidation of Classic Vacations adding to the scale of operations. The structural strength of growth drivers and sustained tapering of cost structures is said to have given confidence in the secular growth of scale and profitability over the medium to long term.
The India business demonstrated a visible trend reversal through the year with H2’s +12 YoY growth, despite multiple disruptions in December and March.
At Classic Vacations, a bulk of the integration process ranging across platform, supply, commercial and talent is on track and will be completed by the end of Q3’FY27
TBO Tek closed the year with cash and cash equivalents (including Bank Balance, Bank Deposits and liquid investments) of INR 1,592 Cr.
Ankush Nijhawan, Co-founder and Joint MD, TBO Tek Limited said, “FY26 acted as a real-world stress test for the resilience of our business model. Despite multiple significant geopolitical disruptions across important travel corridors, the platform continued demonstrating resilience across both growth and profitability. The India business demonstrated a strong trend reversal with a return to solid trajectory with +12% YoY growth in H2”
Gaurav Bhatnagar, Co-founder and Joint MD, TBO Tek Limited said, “FY26 was marked by a significant investment cycle across commercial expansion, servicing capabilities, and organizational scale. As these investments matured through the year, the growth trajectory of SG&A expenses began moderating while the underlying growth engines of the platform continued strengthening. The operating performance during January and February clearly demonstrated the scalability characteristics of the platform, with Gross Profit growth meaningfully outpacing cost growth.”
