TBO Tek's operating revenue zoomed 82.6% to ₹814.4 Cr in the quarter under review from ₹446.1 Cr Q4 FY25
Including other income of ₹12.8 Cr, total income for the quarter stood at ₹827.1 Cr in Q4 FY26
In line with the top line, total expenses for the quarter under review surged 88% YoY to ₹753.5 Cr
B2B travel tech company TBO Tek’s consolidated net profit rose 2% to ₹60.1 Cr in the fourth quarter of FY26 (Q4 FY26) from ₹58.9 Cr in the year-ago quarter. Sequentially, profit rose 11.9% from ₹53.7 Cr.
Operating revenue zoomed 82.6% to ₹814.4 Cr from ₹446.1 Cr Q4 FY25. It rose 3.8% from ₹784.3 Cr in Q3 FY26.
Including other income of ₹12.8 Cr, total income for the quarter stood at ₹827.1 Cr. Meanwhile, total expenses surged 88% YoY to ₹753.5 Cr.
Despite geopolitical and macro headwinds, the company attributed the surge in top line to broad base growth across its verticals and regions, the growing scale of recently acquired Classic Vacations, and improving margins.
For context, TBO Tek acquired the US-based luxury travel wholesaler from investment firm The Najafi Companies back in October 2025 in a deal pegged at $125 Mn.
The company’s adjusted EBITDA improved 40% to ₹111 Cr in the quarter under review as against ₹79 Cr in Q4 FY25.
For the full FY26, consolidated net profit rose 6.3% to ₹244.3 Cr as against ₹229.9 Cr in the year ago fiscal. Meanwhile, revenue from operations surged 54% to ₹2,677.4 Cr in the fiscal under review compared to ₹1,737.5 Cr in FY25.
“FY26 was marked by a significant investment cycle across commercial expansion, servicing capabilities, and organizational scale. As these investments matured through the year, the growth trajectory of SG&A (selling, general and administrative) expenses began moderating while the underlying growth engines of the platform continued strengthening,” said TBO Tek cofounder and joint MD Gaurav Bhatnagar.
On the operational front, TBO Tek’s total gross transaction value (GTV) rose 29% YoY to ₹10,079 Cr in Q4 FY26, while monthly transacting buyers jumped 15% YoY to 32,751.
Of the total monthly transacting buyers, the international business accounted for 14,944, in Q4 FY26 up nearly 50% YoY. India remained the single largest contributing market with the remaining 17,806 buyers.
At a segment level, hotels and ancillary GTV increased 14.5% YoY to ₹3,543.1 Cr in Q4 FY26, while the airlines segment grew 39.2% YoY to 6,535.9 Cr despite turbulence in the Indian aviation sector. Hotels and ancillaries accounted for 64.8% of total GTV during the quarter, while airlines vertical contributed 35.2%.
On the geographical front, India contributed a mere 12%, or ₹98.1 Cr to the company’s total top line during the quarter, while the international arm brought in the remaining ₹716.3 Cr, or 88% of its total revenue tally.
The enterprise take rate expanded to 8.1% from 5.7%% in Q4 FY25.
TBO Tek’s shares ended yesterday’s trading session 0.69% higher at ₹1225.15 on the BSE.
Source: Inc42 - Startups
