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Investor Presentation

TBO Tek Investor Presentation: Key Takeaways

TBO Tek reported Q1 FY27 results, showing resilience with growth in revenue and EBITDA despite Middle East geopolitical disruptions impacting travel corridors.

Highlights
Revenue growth15% YoY organic growth in constant currency terms.
MarginsEBITDA to GTV at 1.3%; GP to EBITDA conversion improving.
Demand visibilityFluid in Middle East; strong momentum in Europe and North America.
Management confidenceHigh on long-term resilience and market share gains during crises.

Growth

Organic business grew 15% YoY in constant currency; Europe revenue up 24% YoY; Middle East remained flat.

Outlook

Full integration of Classic Vacations expected by CY2026; targeting continued YoY and QoQ growth in Q2 FY27.

Risks

Fluid geopolitical situation in Middle East; currency volatility impacting reported INR numbers; heavy reliance on Middle East carriers.

Last quarter's promises, checked

Delivered

  • Q1 better than Q4 and YoY → GTV/GP up YoY & QoQ (= BEAT)
  • SG&A growth to taper/lag GTV growth → SG&A 4% vs 15% GTV (= BEAT)
  • EBITDA to GTV ratio to move up → 1.3% vs 1.0% historical (= BEAT)

Partly delivered

  • Classic Vacations integration by Q3/CY end → In progress/rollout phase (= PARTIAL)
Source

Investor Presentation filed with NSE, NSE: TBOTEK. Summary written with AI assistance from the document.

Read the document ↗

TBO Tek Ltd: key numbers

Share price
₹1,576.80
Market cap
₹17,122 Cr
Revenue (annual)
₹2,677 Cr
Net profit (annual)
₹244.3 Cr
P/E (TTM)
62.7×Sector 35.3×
Promoter holding
44.41%+0.00% QoQ
FII holding
22.52%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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