Shares Q2 & H1 FY25 financial results & business update. Sustains strong momentum, fueled by a growing share in high-margin hotel and ancillary business segments. Strong growth (+26% YoY) in monthly transacting buyers in the international markets
TBO Tek Limited (BSE: 544174) (NSE: TBOTEK), a global travel distribution platform, announced its unaudited financial results for Q2 & H1 FY25.
Consolidated Financial Performance for Q2 FY25 v/s Q2 FY24 [YoY Growth]
- GTV of Rs. 7,937 Cr v/s Rs. 6,399 Cr [+ 24% YoY]
- Revenue from operations of Rs. 451 Cr v/s. Rs. 352 Cr [+ 28% YoY]
- Adjusted EBITDA of Rs. 90 Cr v/s. Rs. 72 Cr [+ 24% YoY]. Steady Margins at 20%
- PAT of Rs. 60 Cr v/s. Rs. 56 Cr [+ 7% YoY]. PAT margins at 13%
Consolidated Financial Performance for H1 FY25 v/s H1 FY24 [YoY Growth]
- GTV of Rs. 15,878 Cr v/s Rs. 13,347 Cr [+ 19% YoY]
- Revenue from operations of Rs. 869 Cr v/s. Rs. 697 Cr [+ 25% YoY]
- Adjusted EBITDA of Rs. 175 Cr v/s. Rs. 141 Cr [+ 24% YoY]. Steady Margins at 20%
- PAT of Rs. 121 Cr v/s. Rs. 103 Cr [+ 17% YoY]. PAT margins at 14%
Key Business Updates
Strong growth in hotel segment, both in India and international markets. Hotel saliency growing in the business, supported by company initiatives.
- H-Next, next-gen booking engine, being rolled out to a larger number of users in the international markets. Soon to be rolled out to users in India as well.
- AI-driven dynamic pricing enabled by real-time signals to provide personalized pricing for international wholesale customers.
- Successfully tested a new AI-powered Voice bot for streamlining outbound calling processes. More than 7,000 calls completed with 60%+ success rate; approx. 450 man-hours saved during the trial phase.
- Jumbonline integration fast-tracked. Centralized billing and post-booking processes lead to efficiencies. Already contributing 8.5% to GTV and 7.6% to Revenue and expected to continue supporting TBO growth.
Gaurav Bhatnagar, Co-founder and Joint MD, TBO Tek Limited said, “We have seen a strong double digit business growth in all International source markets, in spite of global geo-political headwinds. This has been driven by the broad-based contribution from non-air businesses and helped by company’s Tech and AI initiatives like H-Next, AI driven pricing and Voice-Bot and integration of Jumbonline, which are in alignment with our customer expectations”.
Ankush Nijhawan, Co-founder and Joint MD, TBO Tek Limited said, “We are pleased to have a robust second quarter. We have already seen significant growth in our hotel and non-air businesses. Our strategic focus on hotel business has allowed us to capture a larger share of the overall travel market, positioning us for continued growth. Increasing demand for outbound travel from India will continue to provide significant tailwinds for the business going forward.”
*All numbers have been rounded off
