TBO Tek Limited Soars with Impressive Q1 FY2025 Growth

TBO Tek Limited has reported strong growth in finances for the first quarter of FY2025 over corresponding three months of the previous year. On a year-over-year basis, gross transaction value for the company increased by 14 per cent to INR 7,940 crore, and its revenue from operations grew at an impressive rate of 21 per cent year-over-year to INR 418 crore. The Company’s Adjusted EBITDA has also shown an increase of 23 percent year over year at INR 85 crore. Its profit after tax has also surged by 29 percent year over year to reach a total of INR 61 crore.

One major highlight for the quarter was the rising contribution of the higher-margin non-airline segment. As compared to its air business, TBO Tek Ltd’s hotel business expanded at a far greater velocity. The share of non-airline business moved up from 46 percent in Q1 FY24 to 57 percent in Q1 FY25, with a large part of it due to increased share of hotels’ Gross Transaction Value both in international and Indian markets.

Gaurav Bhatnagar, Co-Founder and Joint MD, TBO Tek Limited said, “We achieved a robust 24 per cent growth in active agents across our international source markets. Our recent acquisition of Jumboline has started contributing meaningfully to both our top line and bottom line. We also invested in improving the self-serve features on the India platform for international air ticketing, which resulted in a 9 per cent increase in transactions that required no manual intervention. Furthermore, we are very optimistic about the newly launched cloud-native platform, which aims to deliver operational efficiencies for our API customers by reducing latency significantly, thereby enhancing the user experience on the platform. We aim to innovate our platform with AI capabilities to improve our customer experience while reducing operational costs.”

“India’s outbound travel market is rapidly emerging as a global tourism powerhouse, fueling significant growth in the aviation sector. Digital transformation, enhanced air connectivity, and visa liberaliSation are revolutionizing travel, making it more accessible and convenient than ever. The travel landscape is being redefined by the rise of niche segments like study abroad programs, luxury travel, and cruise vacations—driving a surge in bookings from India. This momentum, especially from tier 2 and tier 3 cities, underscores the powerful potential of outbound travel. This quarter we delivered strong adjusted EBITDA of INR 85 Crores i.e. YoY 23 per cent growth,” Ankush Nijhawan, Co-Founder and Joint MD, TBO Tek Limited, stated.