TBO TEK Ltd (TBOTEK) Q2FY26 Concall Summary - Sep-2025 Qtr
Performance Overview
- Tbo Tek Ltd reported a stable and growing Q2 FY26, recovering from macroeconomic headwinds and geopolitical challenges faced in Q1.
- Gross Transaction Value (GTV) grew by 12% year-on-year, primarily driven by a nearly 20% growth in the hotels business.
- Gross Profit (GP) increased by 19%, outpacing GTV growth, attributed to a favorable mix shift towards hotels and a slight improvement in retention within the hotels segment.
- Adjusted EBITDA, before accounting for M&A costs related to the Classic Vacations acquisition, reached Rs. 104 crores, marking a 16% growth compared to the same quarter last year.
- The narrowing gap between GP growth and adjusted EBITDA growth indicates increasing operating leverage within the core business. The acquisition of Classic Vacations was completed on October 1, 2025, with its numbers to be consolidated from Q3 FY26 onwards.
Financial Metrics
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Operating Performance / Business Segments
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Key Discussions & Insights
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Outlook and Guidance
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Challenges / Concerns
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Industry / Competitive Landscape
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Overall Summary
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