TBO Tek Limited — Investor Meet, 11-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

TBO Tek reported robust Q3FY26 performance. Gross Transaction Value (GTV) grew 35% YoY to 9,709 Cr., with revenue up 86% YoY to 784 Cr. Adjusted EBITDA (before M&A costs) increased 53% YoY to 115 Cr., boosted by the Classic Vacations integration. The company focuses on the underserved premium outbound travel market with its scaled B2B platform. Operational momentum is strong, evidenced by rapid growth in monthly active international agents and significant business contribution from new agents. Management highlights a capital-efficient model and operating leverage, signaling a confident outlook for sustained growth in this large opportunity.