TBO Tek Limited has informed the Exchange about General Updates
TBOTEK · price
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Awaiting price reaction for this filing.
TBO Tek reported Q1 FY26 revenue of ₹511.3 Cr, up 22% YoY, and profit after tax of ₹63 Cr, up 3.4% YoY, despite multiple macro headwinds including the Pahalgam incident, India-Pakistan tensions, the Air India crash, and the Israel-Iran conflict. Gross Transaction Value (GTV) grew modestly by ~2% YoY to ₹8,119 Cr, with Hotels + Ancillary GTV rising 13% YoY to ₹5,060 Cr, now contributing 62.3% of total GTV versus 56.6% a year ago. The shift toward higher-margin Hotels business lifted blended take rate from 5.27% to 6.30%, driving the revenue outperformance. Monthly Transacting Buyers hit a record 29,570 (+5.2% YoY), with international markets up 17.3% YoY. Adjusted EBITDA was largely flat at ₹84.7 Cr (margin 16.6% vs 20.3%), as the company invested in growth hiring (40+ sales staff) and infrastructure (hosting costs up 95%). Cash position stood strong at ₹1,425 Cr.
The 22% revenue growth and resilient profitability despite severe geopolitical disruptions demonstrate strong business durability and improving mix-driven economics. However, declining EBITDA margins and rising SG&A may pressure near-term profitability, though management expects growth investments to pay off by Q4 FY26, which should be a key catalyst for the stock.