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TBO Tek Revenue Soars 86% in Q3

11 Feb

Summary

TBO Tek's revenue surged 86% year-on-year in Q3.
EBITDA increased by over 81%, reaching ₹100.3 crore.
Net profit saw a 7.4% rise to ₹53.6 crore for the quarter.

TBO Tek has reported an impressive 86% year-on-year increase in revenue for the third quarter, reaching ₹784.3 crore. This growth reflects strong operational performance, with EBITDA climbing by 81.7% to ₹100.3 crore compared to the same period last year.

Despite a slight moderation in EBITDA margin to 12.7% from 13.1%, the company achieved a net profit of ₹53.6 crore, a 7.4% rise from the previous year. TBO Tek operates as a global B2B travel distribution platform, connecting travel buyers with suppliers worldwide.

Shares of TBO Tek Ltd closed at ₹1,539.00 on the NSE prior to the earnings announcement. The company's business model focuses on facilitating transactions between travel agencies, tour operators, and service providers like hotels and airlines.

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