TBO Tek Limited, a global leader in travel distribution, announced its unaudited financial results for the first quarter of FY2025, showcasing impressive growth across key financial metrics. The company, which has cemented its position as one of the top travel distribution platforms worldwide, continues to thrive in the global travel and tourism industry, measured by Gross Transaction Value (GTV) and revenue.
For Q1 FY2025, TBO Tek reported a 14% year-over-year (YoY) increase in GTV, reaching INR 7,940 crore. Revenue from operations also saw a significant rise, growing by 21% YoY to INR 418 crore. The company’s Adjusted EBITDA surged by 23% YoY to INR 85 crore, while Profit After Tax (PAT) grew by 29% YoY to INR 61 crore.
A notable highlight of this quarter was the growing share of higher-margin non-airline business, which rose from 46% in Q1 FY2024 to 57% in Q1 FY2025. This growth was primarily driven by the increasing GTV share of hotel bookings in both international and Indian markets, outpacing the growth of the air business.
Ankush Nijhawan, Co-Founder and Joint Managing Director of TBO Tek Limited, emphasized the significance of India’s booming outbound travel market. “India’s outbound travel market is rapidly emerging as a global tourism powerhouse, fueling significant growth in the aviation sector. The digital transformation, enhanced air connectivity, and visa liberalization are revolutionizing travel, making it more accessible and convenient than ever. This quarter, we delivered strong adjusted EBITDA of INR 85 crore, reflecting a 23% YoY growth,” said Nijhawan.
Gaurav Bhatnagar, Co-Founder and Joint Managing Director of TBO Tek Limited said, “We achieved a robust 24% 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. Additionally, we have invested in enhancing the self-serve features on our India platform for international air ticketing, resulting in a 9% increase in transactions that required no manual intervention.”
Bhatnagar also expressed optimism about TBO Tek’s newly launched cloud-native platform, which aims to deliver operational efficiencies for API customers by reducing latency and enhancing user experience. “We are committed to innovating our platform with AI capabilities to improve customer experience while reducing operational costs,” he added.
With operations in over 100 countries, TBO Tek Limited has transformed from a ticketing company into a comprehensive, tech-enabled platform over the past 18 years. The company continues to drive growth by leveraging innovative, data-driven technology to connect travel buyers and suppliers worldwide.