Please find enclosed the Financial Results for the quarter and financial year ended March 31, 2026
TBOTEK · price
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TBO Tek Limited reported FY2026 revenue of Rs 5,838.27 million and profit after tax of Rs 563.03 million, showing marginal growth of 1.4% and 1.2% respectively compared to FY2025. The company completed the acquisition of Classic Vacations LLC in the USA during October 2025 for USD 125 million. Operating EBITDA margin compressed significantly to 7.7% from 11.5% in the prior year. The statutory auditors issued an unmodified opinion but drew attention to an ongoing FEMA matter involving a show cause notice from the Enforcement Directorate for alleged foreign exchange violations amounting to Rs 712.25 million, with potential penalties up to three times that amount. The company has appointed Grant Thornton Bharat LLP as new internal auditors for FY 2026-27 and reappointed three independent directors for a second term.
The company delivered weak revenue and profit growth in FY26, and margin compression is a concern for investors. The unresolved FEMA regulatory issue remains a contingent liability risk. The acquisition of Classic Vacations adds scale but integration costs may weigh on near-term profitability.