TBO Tek Limited — Investor Meet, 28-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

TBO Tek’s FY25 revenue rose 25% to Rs. 1,737 Cr, with adjusted EBITDA up 22% to Rs. 329 Cr, supported by a 16% GTV increase surpassing Rs. 30,000 Cr. Growth was driven by hotels and ancillary services, especially internationally, with Europe as the largest market. Active bookers grew 12% to ~70,000, aided by expansion into 15 new markets. India saw steady growth through a revamped strategy. Management is confident in sustained profitable growth, focusing on buyer growth, transaction frequency, luxury inventory, and expects operating leverage from Q4 FY26. M&A and sales investments continue, amid cautious currency risk management.