TBO TEK Q2 Profit Rises 12.5% YoY To ₹76 Cr, Revenue Up 53%

Travel distribution platform TBO Tek announced stronger financial results for the September quarter of FY27 (Q2 FY27), with its consolidated net profit up 12.5% year-on-year to ₹76 Cr, and operating revenue rising 52.6% YoY to ₹865.6 Cr. Sequentially, revenue and profit fell slightly, with operating revenue declining 6.5% from the June quarter and net profit dropping 8.8% from the prior year.

Including other income of ₹14.8 Cr, the company's total income for the quarter reached ₹880.4 Cr. However, total expenses surged almost 54.8% to ₹780.7 Cr, primarily due to a 49.2% increase in service fees to ₹304.6 Cr and a 76.8% rise in employee benefits expenses to ₹190.7 Cr. The company identified an exceptional expense of ₹8.14 Cr related to suspected collusion among current and former employees of its overseas subsidiary and the holding company.

TBO Tek estimated a net financial loss of ₹8.14 Cr for the quarter and initiated legal action and an insurance claim process. The tax expense for the quarter increased 46% YoY to ₹15.5 Cr, leading to a profit before tax of ₹91.5 Cr, up 17% from the previous quarter.