Reported Earnings • May 29
Full year 2026 earnings: EPS misses analyst expectations Full year 2026 results: EPS: ₹22.88 (up from ₹21.73 in FY 2025). Revenue: ₹27.3b (up 57% from FY 2025). Net income: ₹2.44b (up 6.3% from FY 2025). Profit margin: 9.0% (down from 13% in FY 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.5%. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Hospitality industry in India. Aankondiging • May 25
TBO Tek Limited to Report Q4, 2026 Results on May 29, 2026 TBO Tek Limited announced that they will report Q4, 2026 results on May 29, 2026 Reported Earnings • Feb 12
Third quarter 2026 earnings released: EPS: ₹5.03 (vs ₹4.70 in 3Q 2025) Third quarter 2026 results: EPS: ₹5.03 (up from ₹4.70 in 3Q 2025). Revenue: ₹7.97b (up 89% from 3Q 2025). Net income: ₹536.9m (up 7.4% from 3Q 2025). Profit margin: 6.7% (down from 12% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Hospitality industry in India. Reported Earnings • Nov 04
Second quarter 2026 earnings: EPS and revenues exceed analyst expectations Second quarter 2026 results: EPS: ₹6.32 (up from ₹5.71 in 2Q 2025). Revenue: ₹5.83b (up 29% from 2Q 2025). Net income: ₹675.5m (up 12% from 2Q 2025). Profit margin: 12% (down from 13% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) also surpassed analyst estimates by 9.7%. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Hospitality industry in India. Price Target Changed • Sep 08
Price target increased by 9.9% to ₹1,734 Up from ₹1,577, the current price target is an average from 8 analysts. New target price is 10% above last closing price of ₹1,571. Stock is down 12% over the past year. The company is forecast to post earnings per share of ₹24.39 for next year compared to ₹21.73 last year. Aankondiging • Sep 03
TBO Tek Limited (NSEI:TBOTEK) agreed to acquire Classic Vacations, LLC from Najafi Companies. TBO Tek Limited (NSEI:TBOTEK) agreed to acquire Classic Vacations, LLC from Najafi Companies on September 3, 2025. The estimated deal value of the transaction is up to $125 million as reported by www.prnewswire.com.
For the period ending December 31, 2024, Classic Vacations, LLC reported total revenue of $111 million and EBITDA of $11.2 million.
Moelis & Company LLC acted as financial advisor for Classic Vacations, LLC. Ballard Spahr LLP acted as legal advisor for Classic Vacations, LLC. Cooley LLP acted as legal advisor for TBO Tek Limited. PricewaterhouseCoopers LLP acted as accountant for TBO Tek Limited. Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹1,591, the stock trades at a forward P/E ratio of 60x. Average forward P/E is 41x in the Hospitality industry in India. Total loss to shareholders of 17% over the past year. Reported Earnings • Aug 05
First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2026 results: EPS: ₹5.90 (up from ₹5.85 in 1Q 2025). Revenue: ₹5.11b (up 18% from 1Q 2025). Net income: ₹629.7m (up 3.4% from 1Q 2025). Profit margin: 12% (down from 14% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 6.1%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Hospitality industry in India. Aankondiging • Jul 26
TBO Tek Limited to Report Q1, 2026 Results on Aug 04, 2025 TBO Tek Limited announced that they will report Q1, 2026 results on Aug 04, 2025 Aankondiging • Jul 09
TBO Tek Limited, Annual General Meeting, Aug 08, 2025 TBO Tek Limited, Annual General Meeting, Aug 08, 2025, at 15:00 Indian Standard Time. Price Target Changed • May 24
Price target decreased by 9.3% to ₹1,574 Down from ₹1,734, the current price target is an average from 8 analysts. New target price is 19% above last closing price of ₹1,323. Stock is down 4.7% over the past year. The company is forecast to post earnings per share of ₹26.09 for next year compared to ₹21.73 last year. Reported Earnings • May 23
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: ₹21.73 (up from ₹19.85 in FY 2024). Revenue: ₹18.0b (up 29% from FY 2024). Net income: ₹2.30b (up 14% from FY 2024). Profit margin: 13% (down from 14% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Hospitality industry in India. New Risk • May 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Aankondiging • May 15
TBO Tek Limited to Report Q4, 2025 Results on May 22, 2025 TBO Tek Limited announced that they will report Q4, 2025 results on May 22, 2025 Aankondiging • Mar 21
TBO Tek Shares in Focus as Augusta TBO, Korea Holdings Reportedly Plan to Sell 3.1% Stake TBO Tek Limited (NSEI:TBOTEK) shares will remain in focus on 21 March 2025 as a INR 4.00 billion block deal in the travel distribution firm has been launched, with Augusta TBO (Singapore) Pte. Ltd. and Tbo Korea Holdings Limited looking to offload up to a 3.1% stake, sources told CNBC-TV18. The offer floor price has been set at INR 1,180 per share, reflecting a 7% discount to the current market price (CMP), according to multiple sources familiar with the development. TBO Tek has been focusing on a shift in consumer travel behavior, anticipating that experiences will drive travel spending more than traditional bookings like flights and hotels over the next five to seven years. According to TBO Tek, travelers are increasingly planning their trips around specific activities and experiences rather than destinations. "In fact, it’s already happening—you think of what you want to experience, and then you decide where to travel to," said Co-Founder and Joint Managing Director Gaurav Bhatnagar. This shift is driving TBO Tek’s strategy to expand its ancillary services, including experiences, transfers, and car rentals. While these currently contribute a small share of the company's revenue, they are growing rapidly, he added. Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₹1,201, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 34x in the Hospitality industry in India. Simply Wall St's valuation model estimates the intrinsic value at ₹760 per share. Aankondiging • Feb 05
TBO Tek Limited to Report Q3, 2025 Results on Feb 12, 2025 TBO Tek Limited announced that they will report Q3, 2025 results on Feb 12, 2025 Aankondiging • Jan 20
TBO Tek Limited Approves the Appointment of Shantanu Rastogi as Non-Executive Nominee Director This is in furtherance of TBO Tek Limited intimation dated December 17, 2024, regarding the notice of postal ballot ("Notice") for seeking approval on the following Special Business. The company approved the appointment of Mr. Shantanu Rastogi (DIN: 06732021) as Non-Executive Nominee Director of the Company. Aankondiging • Dec 04
TBO Tek Limited Announces Resignation of Udai Dhawan, Non- Executive Nominee Director and Member of Stakeholder Relationship Committee and Innovation Committee of the Board TBO Tek Limited announced that Mr. Udai Dhawan, Non- Executive Nominee Director vide his email dated December 3, 2024 has tendered his resignation as a Nominee Director of the Company with effect from the close of business hours of December 3, 2024 due to his other professional commitments and consequently, he also ceases to be the Member of Stakeholder Relationship Committee and Innovation Committee of the Board. Board Change • Dec 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. Chief Technology Officer & Additional Whole-Time Director Akshat Verma was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Nov 16
TBO Tek Limited Appoints Akshat Verma as an Additional and Whole-Time Director TBO Tek Limited informed that the Board at its meeting held on November 12, 2024, appointed Mr. Akshat Verma as an Additional and Whole-time Director of the Company. His appointment was effective from the date of allotment of Director Identification Number (DIN). In this regard, this is to inform that Ministry of Corporate Affairs (MCA) has allotted Director Identification Number (DIN 10838493) to Mr. Akshat Verma vide letter dated November 16, 2024. Accordingly, his appointment has become effective from November 16, 2024. Aankondiging • Nov 06
TBO Tek Limited to Report Q2, 2025 Results on Nov 12, 2024 TBO Tek Limited announced that they will report Q2, 2025 results on Nov 12, 2024 Reported Earnings • Aug 04
Full year 2024 earnings released: EPS: ₹19.85 (vs ₹14.21 in FY 2023) Full year 2024 results: EPS: ₹19.85 (up from ₹14.21 in FY 2023). Revenue: ₹13.9b (up 31% from FY 2023). Net income: ₹2.02b (up 40% from FY 2023). Profit margin: 14% (in line with FY 2023). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Hospitality industry in India. Aankondiging • Aug 02
TBO Tek Limited, Annual General Meeting, Aug 23, 2024 TBO Tek Limited, Annual General Meeting, Aug 23, 2024, at 14:00 Indian Standard Time. Aankondiging • May 24
TBO Tek Limited to Report Q4, 2024 Results on May 30, 2024 TBO Tek Limited announced that they will report Q4, 2024 results on May 30, 2024 
