TBO Tek’s Q2 FY27 net profit rose 12.5% YoY to ₹76 Cr, while operating revenue grew 52.6% to ₹865.6 Cr
The company reported an exceptional expense of ₹8.14 Cr linked to suspected collusion involving current and former employees
Total expenses rose 54.8% YoY to ₹780.7 Cr, while revenue and net profit declined 6.5% and 8.8%, respectively, sequentially
Travel distribution platform TBO Tek reported a 12.5% year-on-year (YoY) increase in its consolidated net profit to ₹76 Cr for the September quarter of FY27 (Q2 FY27) from ₹67.6 Cr in the year-ago period. Operating revenue rose 52.6% YoY to ₹865.6 Cr.
On a sequential basis, the company’s performance was more muted. Its operating revenue fell 6.5% from ₹925.8 Cr recorded in the June quarter, while net profit fell 8.8% from ₹83.4 Cr.
Including other income of ₹14.8 Cr, total income for the quarter stood at ₹880.4 Cr.
On the other hand, total expenses jumped almost 54.8% to ₹780.7 Cr in Q2 FY27 from ₹504.5 Cr in the corresponding quarter last year. Service fees, the largest expense item, surged49.2% to ₹304.6 Cr, while employee benefits expenses increased 76.8% to ₹190.7 Cr.
TBO Tek reported an exceptional expense of ₹8.14 Cr during the quarter, relating to suspected collusion involving current and former employees of its overseas subsidiary and the holding company.
Based on a preliminary assessment, the company estimated a net financial loss of ₹8.14 Cr and said it had initiated legal action and the process for an insurance claim. The final loss may change after the detailed assessment.
Further, tax expense for the quarter increased 46% YoY to ₹15.5 Cr. Consequently, profit before tax stood at ₹91.5 Cr, against ₹78.2 Cr in Q2 FY26.
Profit before tax, after accounting for exceptional items, stood at ₹91.5 Cr, up 17% from ₹78.2 Cr in Q2 FY26.
(The story will be updated soon)
Source: Inc42
