Travel Boutique Online Sees Revenue Growth in FY25

Travel Boutique Online, known as TBO, a travel distribution platform with a focus on business, experienced a significant revenue increase of 21% year-on-year while also enjoying a 28.3% rise in profits during the last fiscal year’s fourth quarter (FY25). The consistent growth highlights TBO’s robust performance in a competitive industry.

According to consolidated financial statements obtained from the National Stock Exchange (NSE), TBO’s operating revenue grew to Rs 446 crore in Q4 FY25, up from Rs 369 crore in Q3 FY24. A substantial portion of this revenue comes from hotels and packages, which have become the mainstay of TBO’s business model, contributing 80% or Rs 357 crore to the total revenue in Q4 FY25.

Revenue Sources and Cost Analysis

In addition to hotels and packages, TBO also generated revenue through air ticketing and other related services, bringing in Rs 79 crore and Rs 10 crore, respectively. This dominance of hotels and packages as a revenue source categorises service fees as the largest expenditure, accounting for 33.75% of total costs, which amounted to Rs 135 crore in Q4 FY25. Employee benefits added Rs 99 crore to the overall expenses during this quarter.

Total costs saw an uptick, rising to Rs 400 crore in Q4 FY25 from Rs 325 crore in the same quarter last year (Q4 FY24). This increase in scale, coupled with managed expenditures, allowed TBO to achieve a 28.3% year-on-year rise in profits after tax, amounting to Rs 59 crore in Q4 FY25, compared to Rs 46 crore from the previous fiscal year. For the entire duration of FY25, TBO realised a 15% year-on-year increase in profits after tax (PAT) to Rs 230 crore.

Stock Market Performance

As of Thursday, May 22, at the close of trading, TBO Tek recorded a slight decline of approximately 3% in its stock price, which settled at Rs 1,197. The company’s total market capitalisation now stands at Rs 13,005 crore, equivalent to approximately $1.53 billion.