TBO Tek shares soar nearly 12% as Q2 net profit advances 12.5% YoY to ₹68 crore, revenue up 26%

The stock was trading 8.18% higher at ₹1,628.40 per equity share at around 2:12 pm.

The scrip has gained above 6% over the last five days and about 3% over the month. It has gained a little over 51% in the past six months. On a year-to-date basis, however, it has lost approximately 7%.

While the share reached a 52-week low of ₹996 on April 7, 2025, it touched a year’s high of ₹1,845.55 apiece on January 6, 2025.

TBO Tek Q2 results

The travel agency company posted a 12.5% year-on-year (YoY) increase in its consolidated net profit to ₹67.55 crore in the September quarter of FY26, compared to ₹60.09 crore in the corresponding period of the previous fiscal year.

For the company, the quarter drew in a strong recovery from the first quarter’s macro headwinds, with key markets like Europe, APAC, and India showing positive momentum.

Its revenue from operations advanced 25.91% YoY to ₹56.75 crore during the quarter under review, as against ₹45.07 crore in the second quarter of the 2024-25 fiscal year (Q2Y25), it said in a regulatory filing.

Its monthly transacting buyers (MTB) reached 30,662, up 8% YoY, driven by a 23.6% YoY increase in International MTBs, while the Indian base remained steady at high engagement levels, it said.

“The India business continued on its path of consolidation this quarter, marking a complete arrest of the headline degrowth trend, underscoring early signs of stability and recovery,” it added.

At an operational level, the firm’s adjusted EBITDA (before acquisition-related costs) stood at ₹104 crore in Q2Y26, marking a 16.07% YoY jump from ₹89.6 crore in the year-ago period. Its adjusted EBITDA margin contracted to 18.3% during the quarter, compared to 19.9% in Q2Y25.

During the quarter, TBO announced the agreement to acquire a 100% equity stake in Classic Vacations for $125 million. The acquisition was completed on October 1, 2025. It also recorded one-time acquisition-related costs of ₹13.15 crore.

The Haryana-headquartered firm reported a gross transaction value (GTV) of ₹8,901 crore, marking a 12% YoY growth, driven by strong performance across APAC, MEA, and Europe. Its hotels and ancillaries GTV grew by 20.4% YoY.

What the management said

Commenting on the earnings, Ankush Nijhawan, the co-founder and Joint MD, TBO Tek, said: “Our growth this quarter was broad-based across regions, led by strong momentum in international markets and early signs of stabilization in India. With Hotels and Ancillaries continuing to deepen their contribution and operating leverage beginning to play through, we are confident of sustaining profitable growth and strengthening the foundation for long-term value creation.”

“This quarter’s performance reflects both the strength of our model and the discipline of execution. Growth was broad-based, profitability improved, and the business showed clear signs of structural operating leverage. With the KAM expansion nearing completion and Classic Vacations now part of the platform, we enter the next phase with sharper focus, stronger fundamentals, and a wider global footprint," said Gaurav Bhatnagar, co-founder and Joint MD.

TBO Tek has a total market capitalisation of ₹17,810.57 crore, as of November 4, 2025, according to data on the NSE.