TBO Tek Limited has informed the Exchange about General Updates
TBOTEK · price
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TBO Tek posted a strong Q2 FY26 with revenue up 26% YoY to ₹567.5 Cr and GTV growing 12% YoY to ₹8,901 Cr, driven by a recovery from Q1 macro headwinds across Europe, APAC, and MEA. Gross Profit rose 19% YoY to ₹363.3 Cr, while Adjusted EBITDA Margin (before acquisition-related costs) stood at 18.32%, with SG&A expense growth moderating to 17.5% YoY from 28.8% in the prior quarter, reflecting improving operating leverage. The company completed its $125 Mn acquisition of Classic Vacations (US-based luxury travel firm) on October 1, 2025, financed partly through a $70 Mn debt drawdown, and recorded one-time M&A costs of ₹13.15 Cr in the quarter. Monthly transacting buyers grew 8% YoY to 30,662, with international buyers up 23.6%, and Cash and equivalents stood at ₹1,955.9 Cr as of September 30, 2025.
Strong topline growth and margin expansion signal business momentum, though the Classic Vacations acquisition will add integration costs and higher finance costs starting Q3 FY26. The moderation in SG&A growth is a positive structural signal indicating operating leverage, but the added debt of $70 Mn means shareholders should watch interest expense trends going forward.