TBO Tek's Q2 FY27 profit rises 12.5% to Rs 76 Cr as revenue jumps about 53%, with an Rs 8 Cr hit from suspected employee collusion

TBO Tek, the Gurugram-based platform that sells hotel rooms, holiday packages and air tickets to travel agents and other travel businesses, reported a consolidated net profit of Rs 76 Cr for the September quarter of FY27 (Q2 FY27), up about 12.5% from Rs 67.6 Cr a year earlier, according to its unaudited results filed with the National Stock Exchange and reported by Inc42 and Entrackr. Operating revenue rose about 52.6% to Rs 865.6 Cr from Rs 567.5 Cr.

Hotels and packages remain the engine of the business. That segment brought in about Rs 745 Cr, or 86% of revenue, up 55% year on year, while air ticketing and allied services contributed about Rs 120 Cr, Entrackr said. Including Rs 14.8 Cr of other income, total income for the quarter was Rs 880.4 Cr.

Costs grew even faster than sales. Total expenses rose almost 55% to Rs 780.7 Cr, led by service fees linked to hotel and package bookings, which climbed about 49% to Rs 304.6 Cr, and employee costs, up about 77% to Rs 190.7 Cr. Compared with the June quarter, operating revenue fell 6.5% from Rs 925.8 Cr and net profit fell 8.8% from Rs 83.4 Cr, Inc42 reported.

The quarter also carried an exceptional expense of Rs 8.14 Cr. The company said it related to suspected collusion involving current and former employees of an overseas subsidiary and of the holding company. Based on a preliminary assessment it put the net loss at that amount, said it had started legal action and an insurance claim, and cautioned that the final figure could change after a detailed review, according to Inc42.

TBO Tek shares closed Monday's session at Rs 1,593.5, giving the company a market value of about Rs 17,303 Cr, Entrackr reported.