TBO Tek shares fall nearly 5% as Augusta TBO, Korea Holdings plan to offload 3.1% stake via block deal

The report said that the offer floor price has been fixed at ₹1,180 per equity share, representing a 2.36% discount from the current market price.

As of December 31, 2024, August TBO (Singapore) owned a 9.71% shareholding in the company, while TBO Korea Holdings held a 5.5% stake.

TBO Tek share price

The stock is trading 4.82% lower at ₹1,208.55 apiece on the National Stock Exchange (NSE) at 9:53 am.

TBO Tek reported a revenue from operations of ₹422 crore in the third quarter of the current financial year, reflecting an increase of 29% from ₹327 crore in the year-ago quarter.

The profit after tax declined 2% to ₹50 crore in the December quarter, compared to ₹51 crore in Q3 FY24. "Lower PAT primarily due to ₹12.5 crore forex loss triggered by sharp movement in USD against other major currencies," the company had said in an exchange filing.

On earnings, Ankush Nijhawan, Co-founder and Joint MD of TBO Tek said, "We are pleased to have delivered a robust third quarter in our Hotels & Ancillaries segment. The saliency of our hotel and ancillaries segment continues to grow. We are looking to further drive share of wallet growth and cross-sell through initiatives like Platinum Desk for top Hotels and Ancillaries accounts. With 120 new airports connectivity in the pipeline under UDAN initiative as per Budget 2025 and increase in TCS threshold to ₹10 lakh, outbound travel is expected to get a boost."

Meanwhile, last month, TBO Tek launched TravelBytes, a news app for travel agents. The app will provide information related to the travel industry, including policy updates, market insights and expert opinions.