TBM Staff - Mumbai Travel Boutique Online (TBO Tek) reported a significant growth in its financial performance for the first quarter (Q1) of the fiscal year 2025.
The company’s consolidated net profit rose by 29% to INR 60.91 crore, compared to INR 47.3 crore during the same period last year. Operating revenue also saw an increase of 21%, reaching INR 418.5 crore from INR 344.6 crore in Q1 FY24.
Breaking down the revenue, TBO Tek generated the most income from its hotels and packages segment, with earnings of INR 320.7 crore. The air ticketing segment contributed INR 90.4 crore. Overall, the total revenue for Q1 FY25 stood at INR 433.91 crore, marking a 25% year-on-year increase.
The company’s investor presentation revealed a gross transaction value (GTV) of INR 7,940 crore in Q1, which represents a 14% year-on-year growth. The hotel segment was responsible for 57% of the GTV, while the air segment contributed 43%. This is a shift from Q1 2024, where the hotel and air segments accounted for 46% and 54% of the GTV, respectively, indicating a stronger growth rate in the hotel sector.
