TBO Tek Limited, a leading global travel distribution platform, announced robust financial results for the fourth quarter (Q4FY24) and the full fiscal year 2024 (FY24).
Q4FY24 Financial Highlights:
Gross Transaction Value (GTV): ₹7,511 crore (22% YoY increase)
Revenue: ₹369 crore (31% YoY increase)
Adjusted EBITDA: ₹69 crore (76% YoY increase)
Profit After Tax (PAT): ₹46 crore (64% YoY increase)
FY24 Financial Highlights:
Gross Transaction Value (GTV): ₹26,536 crore (19% YoY increase)
Revenue: ₹1,393 crore (31% YoY increase)
Adjusted EBITDA: ₹270 crore (35% YoY increase)
Profit After Tax (PAT): ₹201 crore (35% YoY increase)
Key Points:
Robust Growth: TBO Tek witnessed significant growth in both Q4FY24 and FY24, driven by increased demand for travel services and strategic acquisitions.
Strong Profitability: The company's adjusted EBITDA and PAT margins improved considerably, reflecting efficient operations and cost management.
Acquisition of Jumbonline: The acquisition of Jumbonline, a leading travel technology company in the Middle East, contributed significantly to the company's bottom line in Q4FY24.
Positive Outlook: TBO Tek remains optimistic about the future, with a focus on expanding its product offerings, strengthening its technology infrastructure, and growing its presence in international markets.
For Further Information:
Please refer to the official press release and financial statements of TBO Tek Ltd. for detailed information on the Q4FY24 and FY24 financial results.
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