TBO Tek Limited announces its unaudited financial results for Q3 FY26 today.
TBO Tek Ltd posts a solid Q3 FY26 performance driven by broad-based growth and integration of Classic Vacations – Revenue up 86% YoY and Adj. EBITDA (before M&A Costs) at 115 Crores, up 53% YoY. The quarter saw a broad based growth across Europe, APAC, MEA and India.
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Monthly Transacting Buyers reached 33,324, up 16% YoY, driven by a 49.1% YoY increase in the International business, while India continued to contribute the largest absolute share of MTBs.
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GTV grew 35% YoY to R9,709 Cr, led by strong performance across both Hotels + Ancillaries (+46% YoY) and Airlines segments (+19.7% YoY).
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Profit before Tax and exceptional items was at R71.4 Cr, up 34% YoY.
Consolidated Financial Performance for Q3 FY26 [YoY Growth]
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GTV of R9,709 Cr v/s R7,166 Cr (+35% YoY)
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Revenue from operations of R784 Cr v/s R422 Cr (+86% YoY)
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Gross Profit of R483 Cr v/s R297 Cr (+63% YoY)
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Adjusted EBITDA of R115 Cr v/s R75 Cr (+53% YoY)
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PAT of R54 Cr v/s R50 Cr (+7.4% YoY)
All numbers have been rounded off.
Key Business Updates
Q3 FY26 was an important quarter for TBO in many ways with the business continuing to deliver on several key aspects for its overall growth trajectory. The growth in the organic cost base continued to taper lower, India business continued the upwards growth trajectory, key markets like Europe, MEA, and APAC continued to deliver solid growth numbers and the consolidation of Classic Vacations adding to scale.
Healthy performance on these and other relevant metrics gives confidence in the ability to start demonstrating the platform’s inherent operating leverage starting Q4 FY26.
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For the Hotels + Ancillary Segment, Europe, APAC and MEA markets each grew over 30% YoY.
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Enterprise GTV to Adj. EBITDA (before M&A costs) conversion improved to 1.18% in Q3 FY26 from 1.05% in Q3 FY25, supported by the contribution from Classic Vacations, which delivered a 2.46% GTV to adjusted EBITDA conversion during the quarter.
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Despite acquisition related cash outflows of ~R2,979 Cr during the quarter, the company closed the quarter with cash and cash equivalents (including bank balance and liquid investments) of R1,492 Cr, augmented by the significant negative working capital of Classic Vacations.
