TBO Tek (TBOTEK) Q4 23/24 earnings summary

Executive summary

• FY24 delivered 19% YoY GTV growth to INR 26,536 crore, 30.8% revenue growth to INR 1,393 crore and PAT of INR 201 crore; annual transacting buyers rose 7%.

• Profitable growth reflected higher platform volumes, improved business saliency and operating leverage; operating cash flow was INR 226.50 crore.

Financial highlights

• Consolidated revenue from operations rose 30.83% to INR 13,928.19 million; total income increased 30.37% to INR 14,154.76 million.

• PAT increased 35% to INR 2,005.73 million from INR 1,484.91 million; reported EBITDA was INR 2,582.63 million versus INR 1,818.45 million.

• Adjusted EBITDA rose to INR 2,695.31 million from INR 1,989.61 million; adjusted EBITDA margin expanded to 19.35% from 18.69%.

• GTV reached INR 26,536 crore versus INR 22,324 crore; hotels and ancillary GTV grew to INR 13,159 crore from INR 9,963 crore.

• Consolidated cash from operating activities was INR 2,264.98 million; cash and cash equivalents ended at INR 7,514.93 million.

Outlook and guidance

• FY25 priorities include expanding buyer and supplier networks, improving onboarding and sales efficiency, and pursuing selective global acquisitions.

• Planned investment areas include technology modernization, data-led conversion and engagement, and expanding platform products such as Europe rail.

• Jumbonline is expected to contribute meaningfully to FY25 revenue and profit; initial results contributed to Q4 FY24 operations.