Financial Performance Summary Q2 FY2027 (YoY Growth)

Key Financial Metrics:

  • Gross Transaction Value (GTV): ₹11,695 Cr vs ₹8,901 Cr (+31% YoY)
  • Revenue from operations: ₹866 Cr vs ₹568 Cr (+53% YoY)
  • Gross Profit: ₹561 Cr vs ₹363 Cr (+54% YoY)
  • Adjusted EBITDA: ₹152 Cr vs ₹104 Cr (+47% YoY)
  • PAT: ₹76 Cr vs ₹68 Cr (+13% YoY)

Segment-wise GTV Performance:

  • Hotels + Ancillary business GTV: ₹7,889 Cr (+39% YoY)
  • Airlines business GTV: ₹3,807 Cr (+18% YoY)

Operational Metrics:

  • Monthly Transacting Buyers (MTBs): 34,529 (+13% YoY)
  • Monthly transacting buyers in organic international business: 14,449 (+17.4% YoY)

Regional Performance Highlights:

  • Europe markets Hotels + Ancillary GTV growth: 36% YoY
  • APAC markets Hotels + Ancillary GTV growth: 33% YoY
  • India business sustained growth trajectory:
  • Airline segment: 14.5% YoY growth
  • Hotels + Ancillary segment: 12.2% YoY growth
  • Strong recovery in Middle East business
  • Broad-based growth across India, APAC, Europe, and North America

Balance Sheet and Liquidity Position:

  • Cash and Cash Equivalents (including bank balances, bank deposits and liquid investments): ₹2,060 Cr as of September 30, 2026
  • $10 Million prepayment of term debt completed

Business Environment Context:

  • Quarter faced macro headwinds including geopolitical disruptions in Middle East
  • Higher fuel prices impacted operations
  • Business demonstrated resilience through service differentiation and reliability

Management Commentary:

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

  • Platform shows resilience despite macro headwinds
  • Benefits from globally diversified source and destination markets
  • India-focused cost base provides competitive advantage
  • Deep relationships and service quality remain differentiating factors

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

  • Organic Adj. EBITDA growth outpaced gross profit growth for second consecutive quarter
  • Demonstrates platform's structural operating leverage
  • Commercial investments driving greater platform activity without proportionate cost increases
  • Strategy focuses on expanding distribution while using technology to improve productivity and lower cost to serve

Additional Information:

  • Detailed commentary available in TBO's Shareholders' Letter for Q2'FY27 on company website
  • Results are unaudited standalone and consolidated financial results for quarter and half year ended September 30, 2026
  • Disclosure made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015