TBO Tek Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
May 30, 2024 at 03:10 pm
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TBO Tek Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 3,690.66 million compared to INR 2,814.1 million a year ago. Revenue was INR 3,759.12 million compared to INR 2,871.86 million a year ago. Net income was INR 466.27 million compared to INR 267.47 million a year ago. Basic earnings per share from continuing operations was INR 4.58 compared to INR 2.63 a year ago. Diluted earnings per share from continuing operations was INR 4.52 compared to INR 2.57 a year ago.
For the full year, sales was INR 13,928.19 million compared to INR 10,645.87 million a year ago. Revenue was INR 14,154.76 million compared to INR 10,857.71 million a year ago. Net income was INR 2,021.47 million compared to INR 1,442.51 million a year ago. Basic earnings per share from continuing operations was INR 19.85 compared to INR 14.21 a year ago. Diluted earnings per share from continuing operations was INR 19.67 compared to INR 14.07 a year ago.
TBO Tek Limited operates a travel distribution platform in the global travel and tourism industry. The Companyâs segments include air ticketing and hotel and packages. The Company provides a range of offerings operating in over 100 countries by providing buyers with a travel inventory according to the needs of their customers and supporting a range of currencies along with forex assistances. Its platform has two portals: TBO Holidays and Travel Boutique Online. TBO Holidays is a global travel distribution platform. Travel Boutique Online is a travel distribution platform for travel buyers based in India. It simplifies the business of travel for suppliers, such as hotels, airlines, car rentals, transfers, cruises, insurance, rail and others (Suppliers), and retail buyers, such as travel agencies and independent travel advisors (Retail Buyers); and enterprise buyers that include tour operators, travel management companies, online travel companies, super-apps and loyalty apps (Buyers).