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- Important
- Financial Update
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TBO Tek faced Q1 FY26 headwinds (conflicts). GTV grew over 2%, Revenue 22%, and GP 19%. EBITDA was flat, with marginal PAT growth. The hotel business is driving faster revenue and GP growth, with GP being the key metric.
International investments are yielding results: Monthly active agents surged to nearly 11,000 in June, and new customer additions rose 69% YoY, showing strong sales efficiency.
Management expects operating leverage by Q4 FY26 as hiring for expansion largely completes and investments mature. The Q2 outlook is positive for Europe/Middle East recovery. SG&A growth should moderate from Q4. Tone: Confident in strategy and future returns.