TBO Tek Q3 FY26: Daromad keskin o‘sdi, Classic Vacations integratsiyasi global qamrovni kengaytiradi

TBO Tek reported Revenue of INR 784 Cr in Q3 FY26 and Gross Transaction Value (GTV) of INR 9,709 Cr, a 35% year-on-year increase driven by Hotels + Ancillaries (+46% YoY) and Airlines (+19.7% YoY), while Monthly Transacting Buyers (MTBs) rose to 33,324 (+16% YoY) with international bookings up 49.1% YoY.

Moliyaviy ko'rsatkichlarga qisqacha nazar

Key numbers reveal a company scaling across markets: Adjusted EBITDA (pre-M&A costs) climbed to INR 115 Cr, up 53% YoY, and profit before tax stood at INR 71.4 Cr. Despite acquisition-related cash outflows near INR 979 Cr, cash and cash equivalents closed at INR 1,492 Cr, supported by negative working capital from Classic Vacations.

Regional and product drivers

Growth was broad-based across India, Europe, APAC and MEA, with the Hotels + Ancillaries vertical posting particularly strong gains in Europe, APAC and MEA (each above 30% YoY). The Airlines segment contributed materially in India, which remained the largest single-market contributor in absolute terms.

• Hotels + Ancillaries: +46% YoY, led by enterprise and consumer demand recovery.
• Avia kompaniyalari: +19.7% YoY, with India returning to double-digit growth for the quarter.
• International bookings: +49.1% YoY, lifting MTBs to 33,324.

Operational efficiency and integration impact

Enterprise GTV to Adjusted EBITDA conversion improved to 1.18% from 1.05% YoY. The consolidation of Classic Vacations contributed a higher conversion of 2.46% during the quarter, indicating stronger margin mix from the US-focused business. Integration also expanded distribution reach and inventory depth for hotels and ancillary services.

Management perspective (summarised)

Co-founder and Joint MD Gaurav Bhatnagar framed Q3 as a milestone for integrating Classic Vacations into TBO’s operating metrics, citing expanded scale and access to the US market while sustaining momentum across other regions. Co-founder and Joint MD Ankush Nijhawan highlighted the quarter’s broad-based growth, with India’s airlines rebound complementing international performance to deliver the elevated Adjusted EBITDA.

Liquidity and acquisition dynamics

Acquisition cash outflows of approximately INR 979 Cr weighed on the quarter, but the company maintained a robust cash position at INR 1,492 Cr. The Classic Vacations deal brought negative working capital characteristics that supported liquidity while adding US market exposure—an important factor for global distribution resilience.

Turizm operatorlari va sayohatchilar uchun oqibatlari

For tour operators, OTAs and local excursion providers, a stronger, more diverse distribution platform like TBO Tek can mean wider market access and improved connectivity between hotel inventory, airlines, and ancillary services. From a traveler’s perspective, increased GTV and inventory depth often translate to broader choices for sayohat tajribalari, from curated jonli gidlar bilan muzey ekskursiyalari ga adventure rafting trips for beginners or premium yaxta charterlari.

Operational scale improvements may reduce friction in booking complex itineraries—important if you have a mind to combine a safari, a cruise package and city-based cultural activities in one trip.

Keyingi nimani ko'rish kerak

• Q4 FY26: further operational leverage from Classic Vacations integration.
• Margin trajectory: whether enterprise conversion sustains above 1.18%.
• Market mix: balance between India and international revenue growth.

Highlights of this quarter include the sharp rise in Daromad (+86% YoY), healthy Moslashtirilgan EBITDA growth (+53% YoY), and a material uptick in international bookings that boosts MTBs. Still, the real proof for travelers and local providers is personal experience—financials and reviews can guide choices, but firsthand trips reveal the true value. On GetExperience, you book your experience from verified providers at reasonable prices; the platform supports transparent bookings, secure payments and voucher confirmations, and lets you request bespoke tours or excursions tailored to your needs to receive offers that best match your preferences. Book your Trip GetExperience.com

In summary, TBO Tek’s Q3 FY26 performance shows robust growth across product lines and geographies, driven by hotels, airlines and the strategic addition of Classic Vacations. Improved EBITDA conversion, elevated MTBs and healthier cash balances underpin a platform better positioned to serve both B2B partners and end travellers. For tourism stakeholders this suggests greater distribution scale for sayohat tajribalari ranging from hashamatli sarguzasht sayohat tajribalari va ekologik toza yovvoyi tabiat safarilari ga interactive online cultural workshops va professional esports training programs, all of which benefit from deeper inventory, improved logistics and more competitive packages.