TBO Tek revenue grows 86% to Rs 784 Cr in Q3 FY26

Business-focused travel distribution platform Travel Boutique Online (TBO) has announced its quarterly results today. The Gurugram-based company recorded a 86% year-on-year increase in its revenue while its profits remained nearly flat during the third quarter of FY26.

TBO’s operating revenue increased to Rs 784 crore in Q3 FY26 from Rs 422 crore in Q3 FY25, its unaudited financial statements sourced from the National Stock Exchange (NSE) show.

Income from booking of hotels and packages accounted for 84% of TBO’s revenue which increased 96% year-on-year to Rs 661 crore in Q3 FY26 from Rs 337 crore in Q3 FY25. Meanwhile, income from air ticketing and other allied services brought Rs 82 crore and other income sources added Rs 41 crore to the firm’s topline.

Since hotels and packages were the largest revenue source, the service fees associated with them naturally became the biggest cost center, accounting for 42% of the total expenditure, which amounted to Rs 301 crore in Q3 FY26. Its employee benefits stood at Rs 165 crore in the last quarter.

Overall, the total cost was up by 88% to Rs 725 crore in Q3 FY26 from Rs 385 crore in Q3 FY25. TBO Tek posted an 8% increase in its profits to Rs 54 crore in Q3 FY26 from Rs 50 crore in Q3 FY25. For the nine-month period, its profit increased 8% to Rs 184 crore.

At the end of today’s trading session, TBO Tek’s stock was priced at Rs 1,539 with a total market capitalization of Rs 16,711 crore (approx $1.8 billion).

TBO Tek reported strong revenue growth in Q3 FY26, led by higher hotel and package bookings. However, costs rose at a similar pace, limiting profit growth during the quarter. The company continues to scale its core segments, but margins will depend on how efficiently it manages service fees and operating expenses in the coming quarters.