TBO Tek Limited has reported a robust financial performance for the fourth quarter of FY2026, showcasing strong growth momentum despite a challenging global environment marked by geopolitical uncertainties.
The travel distribution platform recorded revenue of ₹814 crore in Q4 FY26, reflecting an impressive 83% year-on-year growth. The surge was largely driven by the strong performance of its Hotels and Ancillaries segment, which saw significant traction during the quarter.
Gross Transaction Value (GTV) for the quarter stood at ₹10,079 crore, registering a 29% increase compared to the same period last year. The company also reported a 59% rise in gross profit to ₹494 crore, while adjusted EBITDA grew 40% year-on-year to ₹111 crore.
For the full financial year, TBO Tek’s GTV reached ₹36,809 crore, marking a 19% growth over FY25. Adjusted EBITDA for the year stood at ₹414 crore, up 26% year-on-year, underlining the company’s continued focus on profitable growth.
The company highlighted that its performance came despite geopolitical disruptions, particularly those affecting key travel corridors. However, it maintained steady growth across regions including India, Europe, APAC, North America, and Latin America, reflecting the strength and diversification of its business model.
The Hotels and Ancillaries segment remained a key growth driver throughout the year. On a full-year basis, Europe, APAC, and MEA markets recorded growth of 22%, 46%, and 22% respectively. Meanwhile, the India business showed signs of recovery, especially in the second half of the year, with a 12% growth despite facing disruptions during peak travel periods.
TBO Tek also made progress on the integration of Classic Vacations, with the company indicating that most integration efforts—spanning platform, supply, and commercial functions—are on track for completion by the third quarter of FY27.
The company ended the fiscal year on a strong financial footing, with cash and cash equivalents amounting to ₹1,592 crore.
Commenting on the results, Ankush Nijhawan, Co-founder and Joint Managing Director, said that FY26 served as a “real-world stress test” for the company’s business model. He noted that despite multiple disruptions, the platform continued to deliver growth and profitability, with the India business showing a clear recovery trend in the latter half of the year.
Gaurav Bhatnagar, Co-founder and Joint Managing Director, added that the year saw significant investments in expanding capabilities and strengthening the organisation. As these investments began to mature, the company witnessed a moderation in expense growth alongside strong gains in gross profit, highlighting the scalability of its platform.
With a solid performance across geographies and improving operational efficiencies, TBO Tek remains confident about sustaining its growth trajectory in the coming years.