Please find attached the letter to shareholder in relation to Audited Financial Results for the quarter and financial year ended March 31, 2026
TBOTEK · price
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TBO Tek reported strong Q4 FY26 results with consolidated Revenue of ₹814 Cr, up 83% YoY, and Gross Profit of ₹494 Cr, up 59% YoY, driven by robust growth in both Hotels + Ancillary (39% GTV growth) and Airlines (14.6% GTV growth). Adj. EBITDA grew 40% YoY to ₹111 Cr, though margins compressed due to ongoing investment in sales expansion. For the full year FY26, Revenue stood at ₹2,677 Cr (up 54% YoY), Gross Profit at ₹1,674 Cr (up 40% YoY), and Adj. EBITDA at ₹414 Cr (up 26% YoY). The company completed the Classic Vacations acquisition, adding 14,944 international monthly transacting buyers and contributing ₹1,073 Cr GTV in Q4. Despite geopolitical headwinds in the Middle East during March impacting ~40% of travel corridors, the business demonstrated resilience with diversified geographic growth, and the company ended FY26 with cash and equivalents of ₹1,592 Cr. EBITDA margin compressed from 18.9% to 14.9% YoY reflecting investment phase costs.
Strong top-line growth with 83% revenue growth in Q4 and 54% for FY26 demonstrates structural resilience, though margin compression signals continued investment spending. The Classic Vacations integration and expansion into North America and luxury travel are key medium-term growth catalysts, while geopolitical normalization in MEA remains a near-term monitor.