TBO Tek Limited has informed the Exchange regarding Board meeting held on May 22, 2025.
TBOTEK · price
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TBO Tek's board approved audited consolidated and standalone financial results for Q4 and FY ended March 31, 2025, with statutory auditor S.R. Batliboi & Co. issuing an unmodified opinion. Consolidated revenue from operations grew to ₹4,461.29 Mn in Q4 FY25 (vs ₹3,690.66 Mn in Q4 FY24) and to ₹17,374.73 Mn for the full year (vs ₹13,928.19 Mn), a ~25% YoY rise. Net profit for FY25 was ₹2,298.91 Mn, up about 15% from ₹2,005.73 Mn, with basic EPS of ₹21.73. The board also appointed Grant Thornton Bharat LLP as internal auditor for FY26 and recommended NKJ & Associates as secretarial auditor for a 5-year term (FY26–FY30), subject to shareholder approval. Additionally, Jumbonline Accommodations and Services (Jumbo) was classified as a material subsidiary, and its parent Tek Travels DMCC will provide a corporate guarantee for Jumbo's borrowings. The auditor flagged an ongoing FEMA show-cause notice matter (potential compounding penalty estimated at ₹16.16 Mn) as an emphasis of matter, but the outcome remains uncertain.
Strong revenue and profit growth, improving cash position (₹9,617 Mn), and healthy segment performance from hotels & packages are positive for shareholders. The FEMA matter is a minor overhang but the estimated penalty is small relative to profits. The new material subsidiary status and corporate guarantee slightly increase contingent liability risk but reflect business expansion.