Q2 2026 Tbo Tek Ltd Earnings Call Transcript
Key Points
- TBO Tek Ltd (NSE:TBOTEK) reported a 12% GDP growth in Q2, with a notable 20% growth in the hotel's business.
- The company achieved a 16% growth in adjusted EBITDA before M&A costs, indicating strong operational leverage.
- The acquisition of Classic Vacation is expected to enhance revenue and GP profiles, with Classic operating at higher revenue and GP percentages.
- The company's strategy to integrate Classic Vacation is anticipated to unlock 15-20% growth in the US market.
- TBO Tek Ltd (NSE:TBOTEK) has seen strong growth in new agent additions, particularly in Europe and the Middle East, contributing to business expansion.
- The integration of Classic Vacation may initially reset TBO Tek Ltd (NSE:TBOTEK)'s overall growth profile to a lower level.
- The LATAM region is facing significant headwinds, including currency volatility and structural challenges, impacting growth.
- The company's cash flow conversion from OCF to EBITDA has dipped due to changes in working capital management in Brazil.
- There is uncertainty regarding the timeline for achieving 15-20% growth in Classic Vacation, with potential challenges in realizing synergies.
- The gross margin in the hotels and ancillary business has decreased, attributed to a higher contribution from commission-based models.
Good evening everyone. I'm Snighter Albuquerque from Adfactors PR Investor Relations. On behalf of TBO Tek Limited, I would like to welcome you all to the earnings conference call for Q2 and H1 FY26. Today on the call we have with us from the management, Mr. Ankush Nijhawan, Co-Founder and Joint Managing Director, Mr. Gaurav Bhatnagar, Co-Founder and Joint Managing Director, Mr. Vikas Jain, Chief Financial Officer; Mr. Anil Berera, President Strategy; Mr. Akshat Verma, CTO; Mr. Parminder Tomar, General Counsel; and Mr. Shreshth Mahajan, Associate Director, Investor Relations.
We'll begin the call with a brief opening comments from the management, followed by a Q&A session. Please note that certain statements made during this call may be forward-looking in nature. Such forward-looking statements are subject to certain risks and uncertainties that could cause the actual results or projections to differ materially from those statements. TBO tech will will held no responsibility for any such actions taken based on such statements and undertakes no
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