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

EntrackrEntrackr · 10h ago
TBO Tek revenue grows 86% to Rs 784 Cr in Q3 FY26
Medial

Travel Boutique Online (TBO) has announced its quarterly results today. The Gurugram-based company recorded an 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.

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Eternal posts Rs 16,315 Cr revenue in Q3 FY26; profit grows 54%

EntrackrEntrackr · 22d ago
Eternal posts Rs 16,315 Cr revenue in Q3 FY26; profit grows 54%
Medial

Eternal posts Rs 16,315 Cr revenue in Q3 FY26; profit grows 54% Gurugram-based foodtech and quick commerce platform Eternal (formerly Zomato) released its financial results for Q3 FY26 on Wednesday. The company reported a 54% increase in profits during the period. Eternal’s revenue from operations grew 3x to Rs 16,315 crore in Q3 FY26, contrasting Rs 5,405 crore in Q3 FY25, according to the firm’s consolidated financial results sourced from the National Stock Exchange (NSE). The major surge in revenue is attributed to its inventory-led approach in the quick commerce business. On a quarter-on-quarter basis, the company’s revenue rose by 20% from Rs 13,590 crore in Q2 FY26. Eternal operates several business units, including a food marketplace, Hyperpure, and a quick commerce platform, BlinkIt. Income from Eternal’s food delivery business (Zomato) contributed 16% of the total revenue in Q3 FY26, growing 29% to Rs 2,676 crore from Rs 2,072 crore in Q3 FY25. Revenue from the quick commerce segment (BlinkIt) saw significant growth, rising 75% to Rs 12,256 crore in Q3 FY26 from Rs 1,399 crore in Q3 FY25. Its B2B business, Hyperpure, saw a growth of 7% to Rs 1,070 crore during the third quarter of FY26. Earnings from the 'Going-out' segment and other non-operating income brought the Eternal Group’s total revenue to Rs 16,663 crore in Q3 FY26. For the nine-month period, the company reported revenue of Rs 38,126 crore and is on track to cross the Rs 50,000 crore revenue milestone for the full fiscal year FY26. The cost of material accounted for 59% of the total expense, and this cost grew by 6.5X to Rs 9,801 crore in Q3 FY26 from Rs 1,500 crore in Q3 FY25. Delivery and related charges increased by 64% to Rs 2,376 crore in Q3 FY26. Employee benefit cost rose 33% to Rs 914 crore, while spending on advertising and marketing almost doubled to Rs 937 crore in Q3 FY26. Overall, the company’s expenditure increased nearly 3X to Rs 16,493 crore in Q3 FY26 from Rs 5,533 crore in Q3 FY25. With the company's revenue growth outpacing expense, its profit increased by 54% to Rs 102 crore in Q3 FY26 from Rs 59 crore in Q3 FY25. On a per-unit basis, the Gurugram-based company spent Rs 1.01 to earn every rupee of revenue during the quarter ending December 2025. The company also informed the stock exchanges that founder Deepinder Goyal will step away from his role as Group CEO and will continue on the board as Vice Chairman. At the end of today’s trading session, Eternal’s share price stood at Rs 283, giving the foodtech platform a market capitalization of Rs 3,32,985 crore (approximately $30 billion).

TBO Tek posts Rs 511 Cr revenue in Q1 FY26 with flat profits

EntrackrEntrackr · 6m ago
TBO Tek posts Rs 511 Cr revenue in Q1 FY26 with flat profits
Medial

TBO Tek has announced its quarterly results, recording a 22% year-on-year increase in its revenue while its profits remained flat during the first quarter of the ongoing fiscal year Q1 FY26. TBO’s operating revenue increased by 22% to Rs 511 crore in Q1 FY26 from Rs 418 crore in Q1 FY25, its unaudited financial statements sourced from the National Stock Exchange (NSE) show. Income from booking of hotels and packages accounted for 83% of TBO’s revenue which increased 32% year-on-year to Rs 423 crore in Q1 FY26 from Rs 321 crore in Q1 FY25. Meanwhile, income from air ticketing and other allied services brought Rs 78 crore and Rs 10 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 39% of the total expenditure, which amounted to Rs 178 crore in Q1 FY26. Its employee benefits stood at Rs 103 crore in the last quarter. Overall, the total cost was up by 27% to Rs 456 crore in Q1 FY26 from Rs 358 crore in Q1 FY25. TBO Tek posted a marginal 3% increase in its profits to Rs 63 crore in Q1 FY26 from Rs 61 crore in Q1 FY25.

TBO posts Rs 567 Cr revenue and Rs 67 Cr profit in Q2 FY26

EntrackrEntrackr · 3m ago
TBO posts Rs 567 Cr revenue and Rs 67 Cr profit in Q2 FY26
Medial

TBO posts Rs 567 Cr revenue and Rs 67 Cr profit in Q2 FY26 Business-focused travel distribution platform Travel Boutique Online (TBO) has announced its quarterly results. The Gurugram-based company recorded a 26% year-on-year increase in its revenue while its profits increased by 12% during the second quarter of the ongoing fiscal year Q2 FY26. TBO’s operating revenue increased by 26% to Rs 567 crore in Q2 FY26 from Rs 450 crore in Q2 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 34% year-on-year to Rs 479 crore in Q2 FY26 from Rs 357 crore in Q2 FY25. Meanwhile, income from air ticketing and other allied services brought Rs 78 crore and other income sources added Rs 10 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 40% of the total expenditure, which amounted to Rs 204 crore in Q2 FY26. Its employee benefits stood at Rs 108 crore in the last quarter. Overall, the total cost was up by 28% to Rs 504 crore in Q2 FY26 from Rs 394 crore in Q2 FY25. TBO Tek posted a 12% increase in its profits to Rs 67.5 crore in Q2 FY26 from Rs 60 crore in Q2 FY25. On a half-yearly basis, the company’s profit increased 8% to Rs 130.5 crore in H1 FY26 from Rs 121 crore in H1 FY25. TBO Tek’s stock is trading at Rs 1,497 with a total market capitalization of Rs 16,261 crore. TBO recently announced that its step-down subsidiary TBO LLC acquired Classic Vacations LLC, a US-based luxury travel company, for up to $125 million in an all-cash deal.

Ixigo posts Rs 317 Cr revenue in Q3 FY26; profit grows 55%

EntrackrEntrackr · 20d ago
Ixigo posts Rs 317 Cr revenue in Q3 FY26; profit grows 55%
Medial

Ixigo posts Rs 317 Cr revenue in Q3 FY26; profit grows 55% Online travel aggregator (OTA) Ixigo released its financial results for the third quarter of the ongoing fiscal year (Q3 FY26) on Thursday. The company reported a 31% growth in scale, while the company also increased its profit during the same period. Ixigo’s revenue from operations increased to Rs 317.6 crore in Q3 FY26 in contrast to Rs 242 crore in Q3 FY25, as per the firm’s unaudited financial results sourced from the National Stock Exchange (NSE). The Gurugram-based company generated the largest share (42%) of its operating revenue from train ticketing, which rose to Rs 134 crore in Q3 FY26 from Rs 120 crore in Q3 FY25. Flight and bus booking services contributed 32% and 24% to the company’s revenue, respectively. Besides operating revenue, the firm also earned Rs 16.5 crore via interest and gains from financial assets during the quarter which took its total income to Rs 334 crore in the quarter ending December 2025. Ixigo has not provided a detailed breakdown of expenses in its quarterly financial statements. However, employee benefits expenses rose by 15% YoY to Rs 45 crore. Overall, the company's total costs grew 32% to Rs 296 crore in Q3 FY26 compared to Rs 224 crore in Q3 FY25. Ixigo increased its profit by 55% to Rs 24 crore in Q3 FY26, as compared to a profit of Rs 15.5 crore in Q3 FY25. The company also approved the grant of 98,944 stock options under its ESOP scheme (2013, 2016, 2021). The ESOP is valued at around Rs 2.3 crore according to the company’s share price. The company’s competitor MakeMyTrip posted $295 million revenue in Q3 FY26 with its loss falling by 74% to $7 million in the period. At the close of trading on Thursday (Jan 22), Ixigo’s shares were priced at Rs 235, giving the online travel aggregator a market capitalization of Rs 10,320 crore (approximately $1.1 billion).

TBO Tek posts Rs 422 Cr revenue in Q3 FY25 with flat profits

EntrackrEntrackr · 1y ago
TBO Tek posts Rs 422 Cr revenue in Q3 FY25 with flat profits
Medial

Travel Boutique Online (TBO) has announced its quarterly results. The Gurugram-based company recorded a 29.1% year-on-year increase in its revenue while its profits remained flat during the third quarter of the ongoing fiscal year Q3 FY25. TBO’s operating revenue increased by 29.1% to Rs 422 crore in Q3 FY25 from Rs 327 crore in Q3 FY24, its unaudited consolidated financial statements sourced from the National Stock Exchange (NSE) show. Income from booking of hotels and packages accounted for 79.8% of TBO’s revenue, which increased 44% year-on-year to Rs 337 crore in Q3 FY25 from Rs 233 crore in Q3FY24. Meanwhile, income from air ticketing and other allied services brought Rs 74 crore and Rs 11 crore to the firm’s topline. Since hotels and packages were the largest revenue source, the service fees associated with them became the biggest cost center, accounting for 32.7% of the total expenditure, which amounted to Rs 126 crore in Q3 FY25. Its employee benefits stood at Rs 100 crore in the third quarter. Overall, the total cost was up by 36.5% to Rs 385 crore in Q3FY25 from Rs 282 crore in Q3FY24. The total cost surge outpaced the revenue, leading TBO Tek to post a marginal decrease in its profits to Rs 49.9 crore in Q3 FY25 from Rs 50.7 crore in Q3 FY24. On a sequential basis, its quarter-on-quarter scale slowed down by 6% while its bottom line decreased by 16.8% from Rs 60 crore in Q2FY25. TBO Tek saw around a 1% increase in its stock, which stood at Rs 1,638 (as of 04.17 PM) with a total market capitalization of Rs 17,786 crore or ($2.1 billion).

PhysicsWallah posts Rs 1,082 Cr revenue in Q3 FY26; profit grows 33%

EntrackrEntrackr · 6d ago
PhysicsWallah posts Rs 1,082 Cr revenue in Q3 FY26; profit grows 33%
Medial

PhysicsWallah posts Rs 1,082 Cr revenue in Q3 FY26; profit grows 33% Edtech unicorn PhysicsWallah delivered strong performance in Q3 FY26, in which the company posted 34% year-on-year revenue growth. The company’s profit crossed Rs 100 crore mark during the quarter. PhysicsWallah’s operating revenue grew nearly 34% to Rs 1,082 crore in Q3 FY26 from Rs 810 crore in Q3 FY25, according to its consolidated financial statement sourced from NSE. While the filing does not disclose a detailed revenue breakup, the company primarily earns from its online and offline courses for JEE, NEET, other engineering exams, and state boards, along with the sale of study materials. It also made Rs 65 crore via interest and gains on financial assets which took the overall revenue to Rs 1,147 crore in Q3 FY26. For the nine-month period, the company’s revenue increased 31% to Rs 2,981 crore as compared to Rs 2,277 crore, a year earlier. On the expense side, employee benefits remained the largest cost centre, accounting for 50% of total expenses at Rs 490 crore in Q3 FY26, a 41% rise from the same quarter last year. Depreciation and amortisation expenses stood at Rs 113 crore, while direct expenses increased nearly 22% to Rs 113 crore during the quarter. Total expenses for the Alakh Pandey-led firm rose 33% year-on-year to Rs 980 crore in Q3 FY26 from Rs 738 crore in Q3 FY25. The company’s profit increased by 33% to Rs 102 crore in Q3 FY26 from Rs 77 crore in Q3 FY25. Sequentially, the company’s profit rose 46% from Rs 70 crore in Q2 FY26. At the end of today’s trading session, the Noida-based company’s share price closed at Rs 122, giving it total market capitalization of Rs 34,888 crore ($3.8 billion). PhysicsWallah made a stronger-than-expected public market debut, listing at Rs 145 per share on the NSE, a 33% premium over its issue price. The Rs 3,480 crore IPO comprised a Rs 3,100 crore fresh issue and an offer for sale of Rs 380 crore.

TBO Tek to acquire US-based Classic Vacations for $125 Mn

EntrackrEntrackr · 5m ago
TBO Tek to acquire US-based Classic Vacations for $125 Mn
Medial

TBO Tek to acquire US-based Classic Vacations for $125 Mn Travel distribution platform TBO Tek Limited has announced that its step-down subsidiary TBO LLC will acquire Classic Vacations LLC, a US-based luxury travel company, for up to $125 million in an all-cash deal. According to regulatory filings, TBO Tek will extend an inter-corporate loan of up to Rs 350 crore ($40 million) to its wholly owned subsidiary Tek Travels DMCC, which will support funding for the acquisition. The company has also approved the issuance of a letter of comfort and corporate guarantee in favour of Catalyst Trusteeship, backing credit facilities of up to $70 million from Standard Chartered Bank to TBO LLC. Classic Vacations, founded in 2005, operates in the luxury tours and travel segment across the United States. It reported net sales of $111 million in 2024 and has a strong network of high-value travel advisors, deep ties with US consortia, and access to premium travel supply. TBO Tek said the acquisition is part of its global expansion strategy to strengthen its presence in the US luxury travel market. Post-acquisition, Classic Vacations will become a wholly owned subsidiary of TBO LLC and a material step-down subsidiary of TBO Tek. The deal is expected to close in the first week of October 2025, subject to customary closing conditions. TBO Tek’s operating revenue increased by 22% to Rs 511 crore in Q1 FY26 from Rs 418 crore in Q1 FY25. During the period, it posted a marginal 3% increase in its profits to Rs 63 crore.

Pine Labs posts Rs 42 Cr profit in Q3 FY26; revenue grows 24%

EntrackrEntrackr · 15d ago
Pine Labs posts Rs 42 Cr profit in Q3 FY26; revenue grows 24%
Medial

Fintech major Pine Labs announced its financial results for Q3 FY26 after debuting on Indian stock exchanges in the same quarter. The firm’s revenue increased by 24% during the third quarter, while it remained profitable in the same period. The company’s revenue from operations increased to Rs 744 crore in Q3 FY26 from Rs 601 crore in the same quarter last year, according to its financial statement sourced from NSE. Other income contributed an additional Rs 36 crore, which drove its total income to Rs 780 crore for the quarter. For the nine-month period ending December 2025, the firm’s revenue increased 20% to Rs 2,010 crore from Rs 1,676 crore, a year earlier. On the expense side, employee benefit was the largest cost centre, which accounted for 37% of the total expense. This cost increased by 5% to Rs 263 crore in Q3 FY26 from Rs 251 crore in Q3 FY25. Cost of material rose 51% to Rs 104 crore in Q3 FY26 from Rs 69 crore in Q3 FY25. Finance cost and depreciation cost were other overheads which led to the total expense to increase by 13% to Rs 705 crore in Q3 FY26. Pine Labs entered profitability on the back of steady growth and disciplined cost control, reporting a net profit of Rs 42 crore in Q3 FY26 versus a loss of Rs 57 crore in Q3 FY25. For the nine-month period, the company posted a profit of Rs 53 crore. Pine Labs made a positive debut on the public markets, listing at a 9.5% premium over its issue price. The stock opened at Rs 242 per share against the IPO price of Rs 221, giving the Peak XV-backed firm a stable start on the NSE and BSE. Earlier this month, Pine Labs received RBI approval to fully acquire RBI-licensed account aggregator Agya Technologies, increasing its stake to 100% from its previous associate company status. The company’s share is trading at Rs 233, giving it a market capitalization of Rs 26,736 crore (approximately $2.9 billion).

JM Financial initiates buy rating on TBO Tek; estimates Rs 465 Cr revenue in Q4 FY25

EntrackrEntrackr · 10m ago
JM Financial initiates buy rating on TBO Tek; estimates Rs 465 Cr revenue in Q4 FY25
Medial

JM Financial initiates buy rating on TBO Tek; estimates Rs 465 Cr revenue in Q4 FY25 JM Financial Institutional Securities has reiterated its Buy rating on TBO Tek, setting a target price of Rs 1,400. This implies a potential upside of 31.5% from the current market price of Rs 1,065 per share. According to JM Financial, TBO Tek’s revenue from operations will see a 25.8% year-on-year growth to Rs 464.5 crore in Q4 FY25, compared to Rs 369.1 crore in the same quarter the previous fiscal year (Q4 FY24). Revenue from hotel and package bookings is expected to contribute 78.7% of TBO’s total income, rising 34.6% year-on-year to Rs 365.9 crore in Q4 FY25 from Rs 271.8 crore in Q3 FY24. Meanwhile, income from air ticketing and other allied services is projected to add Rs 86.9 crore and Rs 11.6 crore, respectively, to the company’s topline. TBO’s gross profit margin is projected to rise to 70.3% in Q4 FY25, up from 68% in Q4 FY24. Moreover, its profit after tax is expected to see a modest year-on-year growth of 1.28%, reaching Rs 47.2 crore in Q4 FY25, compared to Rs 46.6 crore in the same quarter last year. On a sequential basis, the company is expected to end the previous fiscal year (FY25) with a revenue of Rs 1755.8 crore and a profit of Rs 214.5 crore. TBO Tek ended the day at Rs 1,065.5 on April 8, with a market capitalization of Rs 11,570 crore (approximately $1.36 billion). Notably, the stock had touched its 52-week low just a day earlier, on April 7, 2025.

Indiqube posts Rs 390 Cr revenue in Q3 FY26; losses rise 21%

EntrackrEntrackr · 2d ago
Indiqube posts Rs 390 Cr revenue in Q3 FY26; losses rise 21%
Medial

Indiqube posts Rs 390 Cr revenue in Q3 FY26; losses rise 21% Managed workspace solutions provider Indiqube has posted its financial results for the third quarter of the ongoing fiscal year (FY26). The company’s operating scale grew 45.5% in the period while its losses grew 21% year-on-year, as per Ind AS. Indiqube’s revenue from operations rose to Rs 390 crore in Q3 FY26 from Rs 268 crore in Q3 FY25, according to its financial statement sourced from the National Stock Exchange (NSE). IndiQube also reported Rs 21 crore revenue from non-operating sources which took its total income to Rs 411 crore in Q3 FY26. For the nine months period, the Bengaluru-based company’s revenue grew 38% to Rs 1,049 crore as compared to Rs 762 crore a year earlier. On the expense side, employee benefits increased 34% to Rs 23.5 crore in Q3 FY26. Finance cost accounted for 26% of the expense which increased 30% to Rs 112 crore in Q3 FY26 from Rs 86 crore in Q3 FY25, while depreciation and amortization rose to Rs 144 crore. Overall, Indiqube’s total expenses for the quarter increased 39% to Rs 434 crore from Rs 313 crore in Q3 FY25. At the end, the firm reported a 21% increase in its losses to Rs 17 crore in Q3 FY26 as compared to Rs 14 crore in Q3 FY25. On a quarterly basis, Indiqube’s losses decreased from Rs 30 crore in Q2 FY26. At the end of today’s trading session, Indiqube’s share price stood at Rs 177, giving it a total market capitalization of Rs 3,751 crore (about $414 million). Overall, Indiqube continued to scale its operations in Q3 FY26 with strong revenue growth, though costs rose alongside expansion. Losses widened year-on-year but improved sequentially. The firm remains focused on growth while managing expenses amid rising finance and depreciation costs.

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