Revenue up 25%, Adj. EBITDA grew 22% YOY to INR 329 Cr
GTV Crosses INR 30,000 Cr
· FY25 GTV came in at INR 30,832 Cr with 43% yoy growth in international markets.
· Growth led by Europe (+70%) and APAC (+66%) – demonstrating a well-diversified demand base. Middle-East and Americas also grew in double digits. Indian Hotels segment also grew double-digits in H2.
· Fast expanding global footprint. 15 new countries added. 73 new hires in Sales functions across 32 countries.
· Strong balance sheet with INR 1,450 Cr+ cash and cash equivalent (including Fixed deposit and liquid funds) available for organic and inorganic expansion.
TBO Tek Limited (BSE: 544174) (NSE: TBOTEK), one of the largest global travel distribution platforms, announced its unaudited financial results for Q4 & FY25 today.
Consolidated Financial Performance for FY25 [YoY Growth]
· GTV of INR 30,832 Cr v/s INR 26,536 Cr [+ 16% YoY]
· Revenue from operations of INR 1,737 Cr v/s. INR 1,393 Cr [+ 25% YoY]
· Adjusted EBITDA of INR 329 Cr v/s. INR 270 Cr [+ 22% YoY].
· PAT of Rs. 230 Cr v/s. Rs. 201 Cr [+15% YoY]
Consolidated Financial Performance for Q4 FY25 [YoY Growth]
· GTV of INR 7,788 Cr v/s INR 7,511 Cr [+ 4% YoY]
· Revenue from operations of INR 446 Cr v/s. INR 369 Cr [+ 21% YoY]
· Adjusted EBITDA of INR 79 Cr v/s. Rs. 69 Cr [+ 15% YoY].
· PAT of INR 59 Cr v/s. INR 46 Cr [+ 27% YoY].
*All numbers have been rounded off
Key Business Updates
Robust growth in Hotels & Ancillaries segment, both in India and international markets. Company is geared towards increasing Hotel saliency, accelerating market expansion and implementing AI-led technologies for improving customer engagement and operational efficiencies.
· Continued progress on automation of back-end processes using AI driven automatic handling of supplier notifications being scaled up.
· Significant ramp-up in adding on-ground salesforce – 73 additions in FY25. Supply and supporting functions also beefed up to support rapid growth.
· Sales leader for North America onboarded.
· Stakeholder outreach – felicitated the top-performing agents (both Air & Non-Air) in more than 40 cities across India.
Management Commentary
“Our Hotels & Ancillaries segment continues to demonstrate strong growth, now contributing 16% to India GTV,” said Mr. Ankush Nijhawan, Co-founder and Joint MD, TBO Tek Limited. “We are strategically focused on driving higher share of wallet through cross-sell initiatives, supported by robust demand for outbound travel and a clear shift in consumer preference toward experiential, high-value itineraries. These structural tailwinds position us well for sustained, profitable growth in the Indian market.”
Mr. Gaurav Bhatnagar, Co-founder and Joint MD, TBO Tek Limited said, “In FY25, we laid the foundation for accelerating our business across geographies. Europe & APAC led the growth with 50%+ yoy growth. Company’s Tech and AI initiatives complement the rapid footprint expansion by helping drive better user experience and by improving platform performance. This gives us the confidence to maintain our expansion plans and aim for market leadership in the next 5-10 years.”