Financial Performance Summary (Consolidated Q1 FY2027 YoY Growth)

Revenue & Profit Metrics:

  • Gross Transaction Value (GTV): ₹11,154 Cr vs ₹8,119 Cr (+37% YoY)
  • Revenue from operations: ₹926 Cr vs ₹511 Cr (+81% YoY)
  • Gross Profit: ₹552 Cr vs ₹333 Cr (+66% YoY)
  • Adjusted EBITDA: ₹150 Cr vs ₹85 Cr (+77% YoY)
  • Profit After Tax: ₹83 Cr vs ₹63 Cr (+32% YoY)

Segment-wise GTV Performance:

  • Hotels + Ancillary business GTV: ₹7,578 Cr (+50% YoY)
  • Airlines business GTV: ₹3,577 Cr (+17% YoY)

Operational Metrics:

  • Monthly Transacting Buyers (MTBs): 33,736 (+14% YoY)
  • Cash and Cash Equivalents (including bank balances, bank deposits and liquid investments): ₹1,984 Cr as of June 30, 2026 (up ₹392 Cr from March 31, 2026)

Business Performance Drivers

Geographic Performance:

  • The quarter saw broad-based growth across India, APAC, Europe, North America, and LATAM
  • Hotels + Ancillary Segment regional growth: APAC markets grew 56% YoY, Europe grew 37% YoY, LATAM grew 20% YoY
  • India Airlines segment reported 14.7% YoY growth for the quarter

Operating Leverage:

  • 66% YoY Gross Profit growth drove 77% YoY growth in Adj. EBITDA, demonstrating operating leverage
  • Working capital release contributed significantly to cash generation exceeding Adjusted EBITDA

Management Commentary

Mr. Gaurav Bhatnagar, Co-founder and Joint MD:

Emphasized the resilience of the platform and breadth of source markets and global supply that allowed participation as travel flows shifted across destinations, airlines, and routes. Highlighted the scalability of the platform and operating infrastructure to support progressively greater volumes without requiring commensurate cost increases.

Mr. Ankush Nijhawan, Co-founder and Joint MD:

Noted that India business continued to build on a solid base with Airlines GTV growing 14.7% YoY. Expressed confidence in the long-term opportunity presented by increasing scale and sophistication of Indian outbound travel. Highlighted TBO's ability to generate healthy cash flows with timing-related working capital items resulting in cash generation significantly exceeding Adjusted EBITDA.

Contextual Notes

  • Performance achieved despite continued geopolitical headwinds from the Middle East crisis affecting travel routes, destination preferences, and booking behavior
  • Detailed commentary available in TBO's Shareholders' Letter for Q1'FY27 at company website
  • All numbers have been rounded off as per company disclosure