TBO Tek Limited recently reported an impressive 12% growth in Gross Transaction Value (GTV) during its second quarter of fiscal year 2026, as detailed in its earnings conference call held on November 3, 2025. The company attributed this growth primarily to a strong performance in its hotels business, which saw nearly a 20% increase. Despite facing macroeconomic challenges earlier in the year, TBO Tek experienced a more stable quarter, with Gross Profit (GP) also rising by 19%. Adjusted EBITDA reached Rs. 104 Cr, marking a 16% growth from the same period last year. The company is optimistic about sustained growth, particularly following its acquisition of Classic Vacations, which was finalized on October 1, 2025, and is expected to contribute to financial results starting in the third quarter.
During the call, TBO Tek's management, including Co-Founders Ankush Nijhawan and Gaurav Bhatnagar, emphasized the operational synergies expected from integrating Classic Vacations. Bhatnagar indicated that while Classic's revenue growth has historically been modest, it is anticipated to enhance TBO's overall revenue by adding approximately $500 million in GTV. Management is focusing on operational efficiency to ensure that EBITDA growth will begin to outpace GP growth in the near term, driven by improved retention rates and a shift towards hotel services, which are more profitable. Bhatnagar reiterated the company's commitment to achieving profitable growth without necessitating additional cash investments from its core operations.
Looking ahead, TBO Tek remains confident in its ability to navigate the travel industry's recovery, particularly in the Indian market, which is showing signs of stabilization after previous declines. The company aims to bolster its position in the air travel sector, which is crucial for cross-selling hotel services. With regional markets like Europe and the Middle East reporting strong performance, TBO Tek plans to capitalize on these trends to further enhance its active agent growth across all regions. Management believes that the combination of strategic acquisitions and a focus on core business development will support consistent growth as they move into 2026 and beyond.