- The quarter was characterized by robust performance despite continued macro headwinds. GTV for the quarter stood at ₹11,695 Cr, up 31% YoY.
- GTV for the Hotels + Ancillary business reached ₹7,889 Cr, up 39% YoY and GTV for Airlines business reached ₹3,807 Cr, up 18% YoY.
- Monthly Transacting Buyers (MTBs) for the quarter reached 34,529, up 13% YoY.
- The quarter saw a broad-based growth across India, APAC, Europe, and North America with a strong recovery in the Middle east business
- Cash and Cash Equivalents (including bank balances, bank deposits and liquid investments) were ₹2,060 Cr as on 30th September 2026, after a $10 Million prepayment of term debt.
Consolidated Financial Performance for Q2 FY2027 [YoY Growth]
- GTV of ₹11,695 Cr v/s ₹8,901 Cr [+ 31% YoY]
- Revenue from operations of ₹866 Cr v/s. ₹568 Cr [+ 53% YoY]
- Gross Profit of ₹561 Cr v/s. ₹363 Cr [+ 54% YoY]
- Adjusted EBITDA of ₹152 Cr v/s. ₹104 Cr [+ 47% YoY].
- PAT of ₹76 Cr v/s. ₹68 Cr [+ 13% YoY].
*All numbers have been rounded off
Key Business Updates
The Quarter continued to face macro headwinds including geopolitical disruptions in the middle east and higher fuel prices, the business continued to deliver on fundamentals with broad based growth, expanding agent activity on the platform and continued delivery of operating leverage. The robust recovery in our Middle East business, while the underlying market remains impacted likely indicates a market share gain for TBO driven by service differentiation and reliability.
- For the Hotels + Ancillary Segment, GTV for the Europe and APAC markets grew at 36% YoY, and 33% YoY, respectively.
- The India business had another strong quarter with sustained growth trajectory, with the Airline segment and Hotels + Ancillary segment reporting 14.5% YoY growth, and 12.2% YoY growth for the quarter, respectively.
- Monthly transacting buyers in the organic international business grew 17.4% YoY to a record 14,449 during the quarter. We view this growth as a leading indicator of the continued benefits of last year’s investment in KAM hiring.
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