Financial Highlights (YoY)
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Gross Transaction Value (GTV): ₹8,901 crore vs. ₹7,937 crore (+12%)
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Revenue from Operations: ₹568 crore vs. ₹451 crore (+26%)
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Gross Profit: ₹363 crore vs. ₹306 crore (+19%)
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Adjusted EBITDA (before acquisition-related costs): ₹104 crore vs. ₹90 crore (+16%)
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Profit After Tax (PAT): ₹68 crore vs. ₹60 crore (+12.4%)
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Adjusted EBITDA Margin: 18.32%, up from 16.56% in Q1 FY26
Operational Highlights
The company witnessed a strong recovery from Q1’s macroeconomic headwinds, with significant momentum across Europe, APAC, and India. Monthly Transacting Buyers (MTBs) rose 8% year-on-year to 30,662, supported by a 23.6% growth in international markets, while India maintained steady engagement.
GTV climbed to ₹8,901 crore, led by outstanding performance in APAC, MEA, and Europe. The Hotels + Ancillaries segment continued to be the key growth driver, registering 20.4% YoY growth and contributing 64% of GTV and 87% of gross profit, reaffirming its high-margin nature.
Europe remained TBO’s largest source market for the Hotels + Ancillaries business, while MEA (+27% YoY) and APAC (+41% YoY) emerged as the fastest-growing regions.
Business Stabilization and Strategic Expansion
In India, the business achieved stability, fully halting the earlier degrowth trend and showing initial signs of recovery.
During the quarter, TBO also completed the acquisition of a 100% equity stake in Classic Vacations for USD 125 million, finalized on October 1, 2025. The company recorded one-time acquisition-related costs of ₹13.15 crore in Q2.
The TBO Platinum Program, designed to establish exclusive partnerships with premium hotels globally, now features 150+ properties, highlighting the growing success of its value-driven collaborations.
TBO Tek’s Q2 FY26 results underline the company’s resilience, strategic global growth, and commitment to driving profitability through innovation and market expansion.
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