- Revenue from operations for Q1 FY27 has increased by 81% YoY to USD 97.6 Mn.
- Adjusted EBITDA for the quarter has grown by 77% YoY to USD 15.8 Mn.
- GTV for Hotels + Ancillary business has risen by 50% YoY, outpacing Airline GTV growth.
- Monthly Transacting Buyers have reached 33,736, representing a 14% YoY increase.
- Profit after Tax for the quarter has been recorded at USD 8.8 Mn., up 32% YoY.
TBO Tek Limited has reported a robust set of financial results for the first quarter of fiscal year 2027, with the company demonstrating early signs of operating leverage. Revenue from operations has risen by 81% year-on-year to USD 97.6 Mn., while Adjusted EBITDA has reached USD 15.8 Mn., marking a 77% YoY increase. This performance comes despite the continuation of geopolitical headwinds emanating from the Middle East crisis, which has been reshaping travel routes and booking behaviours across the region.
The company’s Gross Transaction Value (GTV) for the quarter stood at USD 1.176 Bn., a 37% increase from the same period last year. This growth was broad-based across the company’s key markets, with the Hotels + Ancillary business GTV rising by 50% YoY and the Airline GTV increasing by 17% YoY. The platform’s reach was further evidenced by a 14% YoY increase in Monthly Transacting Buyers (MTBs) to 33,736, with growth observed across India, APAC, Europe, North America and LATAM. The company’s Gross Profit grew by 66% YoY to USD 58.2 Mn., which in turn drove the 77% growth in Adjusted EBITDA, demonstrating the financial scalability of the platform.
TBO’s cash position also strengthened, with Cash and Cash Equivalents recorded at USD 209.1 Mn. as of 30th June 2026, a build-up driven in part by the release of working capital. Profit after Tax for the quarter was USD 8.8 Mn., up 32% YoY. The company’s management has detailed the performance in a shareholder’s letter, highlighting the platform’s resilience and its capacity to handle increased volumes without a commensurate increase in costs.
Gaurav Bhatnagar, Co-founder and Joint MD, TBO Tek Limited shared, “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.”
Ankush Nijhawan, Co-founder and Joint MD, TBO Tek Limited shared, “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.”
