TBO Tek Limited, a leading global travel distribution platform, today announced its unaudited financial results for the first quarter of FY2025. The company posted impressive growth across key financial metrics, underscoring its robust position in the global travel and tourism industry.
In an impressive showing for Q1 FY25, the company’s financial results highlight strong growth across various metrics. Gross Transaction Value (GTV) soared to INR 7,940 Cr, reflecting a 14 per cent year-on-year (YoY) growth. Revenue from operations hit INR 418 Cr, marking a 21 per cent increase from the previous year. Adjusted EBITDA climbed to INR 85 Cr, up by 23 per cent YoY. Most notably, Profit After Tax (PAT) surged to INR 61 Cr, showing a significant 29 per cent year-on-year growth.
Breaking down these figures further, we see a strong performance across the board. The Gross Transaction Value (GTV) reaching INR 7,940 Cr shows that the company handled more transactions compared to the same period last year. This 14 per cent YoY growth indicates that more people are using their services, or perhaps, they have tapped into new markets.
Revenue from operations climbing to INR 418 Cr, up 21 per cent YoY, suggests that the company is not just making more sales but also possibly charging more for their services. The 21 per cent increase is substantial and implies effective growth strategies are in place.
Adjusted EBITDA, which stands for Earnings Before Interest, Taxes, Depreciation, and Amortization, reached INR 85 Cr. This 23 per cent YoY increase shows the company is not just earning more; it is also managing its expenses efficiently. This figure gives us an idea of the operating performance without the one-time costs and non-operational expenses.
Finally, Profit After Tax (PAT) grew by a noteworthy 29 per cent, bringing it to INR 61 Cr. This jump in PAT means the company is not only growing its top line but also translating that to solid bottom-line growth.
For Q1 FY25, RateGain achieved a 21.2 per cent year-on-year (YoY) increase in operating revenue, reaching INR 2,600.1 million. The company’s Profit After Tax (PAT) saw a remarkable 82.2 per cent YoY rise, amounting to INR 453.8 million, compared to INR 249.1 million in the same quarter last year. These gains are driven by increased traction with longstanding marquee clients, enhanced operational efficiency, and strategic sales and marketing initiatives.
Strategic growth and technological advancements
The integration of Jumbonline, a recent acquisition, is on track and has begun to materially contribute to TBO Tek‘s GTV and revenue, further bolstering the company’s financial performance. The company has also invested in enhancing its digital capabilities, particularly in the international air ticketing segment. These improvements led to a 9 per cent increase in transactions that required no manual intervention, highlighting the effectiveness of TBO‘s self-serve features.Ankush Nijhawan, Co-Founder and Joint Managing Director of TBO Tek, emphasised the growing importance of India’s 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 liberalisation are revolutionizing travel, making it more accessible and convenient than ever. The travel landscape is being redefined by niche segments like study abroad programs, luxury travel, and cruise vacations—driving a surge in bookings from India. This quarter, we delivered a strong adjusted EBITDA of INR 85 Crores, representing a 23 per cent YoY growth.”
Gaurav Bhatnagar, Co-Founder and Joint Managing Director, highlighted the impact of strategic acquisitions and technological investments on the company’s growth trajectory. “We achieved a robust 24 per cent growth in active agents across our international source markets. Our recent acquisition of Jumbonline 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 requiring 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.”
With the successful integration of Jumbonline and ongoing digital transformation initiatives, TBO Tek is well-positioned to continue its growth trajectory in the highly competitive global travel industry.
