TBM Staff - Mumbai Travel distribution platform TBO Tek Ltd has posted a 7 per cent rise in profit after tax (PAT) to INR 60 crore in the September quarter.
TBO Tek had reported a PAT of INR 56 crore in the year-ago period.
Revenue from operations for the quarter under review was INR 451 crore as compared to INR 352 crore in the September quarter of last year, registering a growth of 28 per cent year-on-year, it said.
The company said it witnessed strong growth in the hotel segment, both in India and international markets with hotel sales growing in the business, supported by company initiatives, it said.
“We have seen a strong double-digit business growth in all international source markets, in spite of global geo-political headwinds.
“This has been driven by the broad-based contribution from non-air businesses and helped by company’s tech and AI initiatives like H-Next, AI driven pricing and voice-bot and integration of Jumbonline, which are in alignment with our customer expectations,” TBO Tek Ltd Co-founder and Joint MD Gaurav Bhatnagar said.
Ankush Nijhawan, Co-Founder and Joint MD, TBO Tek Ltd, said, “We have already seen significant growth in our hotel and non-air businesses. Our strategic focus on hotel business has allowed us to capture a larger share of the overall travel market, positioning us for continued growth. Increasing demand for outbound travel from India will continue to provide significant tailwinds for the business going forward.”
It also announced the appointment of Shantanu Rastogi, MD & Head, India, at General Atlantic and Akshat Verma, CTO to the Board, to further deepen its expertise and strengthen corporate governance.
