TBO Tek Limited (TBOTEK) Earnings Call Transcripts

TBO Tek Limited's Latest Earnings Call - Q4 FY2026

In Q4 FY 2026, TBO Tek Limited reported a revenue of INR 1,100 crores, reflecting a year-on-year growth despite geopolitical disruptions, particularly in the Middle East. The company achieved an EBITDA of INR 110 crores, which was impacted by the war in the region, particularly in March. Management expressed optimism for Q1 FY 2027, expecting both year-on-year and sequential growth, indicating a recovery in business activity as geopolitical tensions ease. They highlighted a strong rebound in markets not directly affected by the war, with a focus on luxury travel segments that remain resilient to economic fluctuations.

Reported metrics

Guidance from management

Management expects Q1 FY 2027 to show both year-on-year and sequential growth, with a focus on maintaining moderate SG&A growth to enhance operating leverage. They anticipate returning to normal cash flow levels by FY 2027.

What management said

I think that's a reasonable assumption, Karan, and it's a function of 2 things. One is absolutely as SG&A growth tapers down, margins should expand. And second is the saliency mix will also help as our hotels business, which is higher margin business grows faster than the [indiscernible] GTV.

Yes, Karan. We are actually working towards the same only. So as I explained in detail the reasons for the negative movement in the current year. But some of these things are primarily timing in nature, be it related to the Brazil anticipation, albeit some trade receivables getting delayed collections due to the war and other situations. So those timing issues would -- is getting resolved as we speak. And obviously, ...

What analysts pressed on

Analysts expressed concerns regarding the negative cash flow from operations and the impact of geopolitical tensions on growth. There were also inquiries about the sustainability of growth rates and the effectiveness of recent investments in market development.

Main topics on the call

• Geopolitical Impact and Recovery — Management acknowledged the significant impact of geopolitical tensions on business, stating, 'March was a complete washout for us because of the war.' However, they noted a 'sharp uptick in business' following positive ...
• Investment in Market Development — The company highlighted its strategy of investing in market development, which has resulted in 'strong operating leverage, margin expansion as well as EBITDA growth' in the early months of the year, despite the challenge...
• Luxury Travel Focus — TBO Tek is increasingly focusing on the luxury travel segment, which is seen as more resilient to geopolitical issues. Management stated, 'the luxury business is far more resilient to all the geopolitics and rising costs...
• Classic Vacations Integration Progress — The integration of Classic Vacations is progressing well, with management indicating that they are 'about halfway through the integration process' and expect completion by the end of Q3 FY 2027, which is anticipated to e...

Read the full TBO Tek Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 10 TBO Tek Limited earnings call transcripts on record, spanning June 6, 2024 to July 30, 2026. Based on this history, TBO Tek Limited reports quarterly. The most recent call on file is dated July 30, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

TBOTEK

Exchange

NSEI

Country

IN

Sector

Consumer Discretionary

Industry

Hotels, Restaurants and Leisure

Calls on record

10

First call

June 6, 2024

Most recent

July 30, 2026

Reporting cadence

quarterly