| Revenue growth | GTV up 16% YoY; organic international up 28%; revenue figure not stated. |
|---|---|
| Margins | Organic GP margin steady at ~5.5–5.6%; GP holding despite take-rate decline. |
| Demand visibility | Low: October pressure from Saudi attacks and European riots; Q3 seen weakest. |
| Management confidence | Balanced to optimistic: calls Q3 tough, but 'belief' in organic recovery. |
Growth
GTV +16% and registered habitat +27%. Middle East +10% constant currency, Europe/APAC above 30%, but Q2 is seasonally strongest.
Outlook
Internal aim is year-on-year top-line and bottom-line growth in Q3. No numeric guidance given.
Risks
October demand hit by Saudi attacks and European riots; Classic drags growth; ₹8.1 Cr irregularity loss; FEMA penalty unprovided.
Last quarter's promises, checked
Delivered
- YoY growth aim → GTV +16% (= BEAT)
- CC disclosure kept → ME +10% CC shown (= BEAT)
- Operating leverage claimed → 2nd straight quarter (= BEAT)
Partly delivered
- SG&A 'expand a little' → CC SG&A high-single-digit vs GTV +16% (= PARTIAL)
- QoQ growth aim → QoQ not disclosed (= PARTIAL)
- Classic platform by CY26-end → beta late Nov, not finished (= PARTIAL)
Missed
- Classic hiring 'mostly done' → ~20 new sales hires (= MISS)
Earnings Call Transcript filed with NSE, NSE: TBOTEK. Summary written with AI assistance from the document.
TBO Tek Ltd: key numbers
- Share price
- ₹1,564.70
- Market cap
- ₹16,991 Cr
- Revenue (annual)
- ₹2,677 Cr
- Net profit (annual)
- ₹244.3 Cr
- P/E (TTM)
- 62.2×Sector 34.9×
- 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.
More from TBO Tek Ltd
All →TBO Tek Other Announcement
TBO Tek Limited announced that its Registrar and Share Transfer Agent, KFin Technologies Limited, is shifting its corporate office to a new location in Hyderabad effective December 01, 2026.
TBO Tek Results Update
TBO Tek reported strong Q2 FY27 results, with revenue up 53% year on year and adjusted EBITDA up 47%. Gross travel value rose 31% year on year.
TBO Tek Business Update
TBO Tek's shareholder letter reports organic gross profit up 21% YoY and Adj. EBITDA up 36% for Q2 FY27. Monthly transacting buyers rose 17.4% to a record 14,449.
TBO Tek Q2 FY27 Results: Net Profit ₹76 Cr, Up 12.6% YoY
TBO Tek Ltd reported revenue from operations of ₹865.6 Cr (+52.5% YoY) and net profit of ₹76 Cr (+12.6% YoY) for Q2 FY27.
- Key figure
- Net profit ₹76 Cr · +12.6% YoY
TBO Tek Board Meeting Date
TBO TEK scheduled a board meeting on 2 Nov 2026 to approve Q1/H1 FY27 results. Trading window remains closed till 4 Nov 2026.
TBO Tek Legal & Regulatory
TBO Tek Limited received a FEMA adjudication order imposing a penalty of ₹22.22 crore on the Company and ₹2.47 crore each on its two Joint Managing Directors.
- Value
- ₹27.16 Cr