TBO Tek Limited — Investor Meet, 10-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

TBO Tek's Q2 FY26 saw Gross Transaction Value (GTV) grow 12%, with Gross Profit (GP) up 19%, reflecting strong hotel business performance and increasing operating leverage. Adjusted EBITDA (pre-M&A) reached Rs. 104 Cr, rising 16% YoY. The Classic Vacations acquisition closed October 1st, expected to boost bottom-line growth. Management projects slowing SG&A, anticipating core business EBITDA to outpace GP. International markets and new agent additions are strong; AI drives pricing optimization. Focus remains on profitable growth and leveraging scale for market expansion, with a confident outlook.