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Economic Times
23-05-2025
- Business
- Economic Times
TBO Tek shares rally 10% after Q4 profit surges 26% YoY
TBO Tek shares jumped nearly 10% after reporting a 26% YoY rise in Q4FY25 PAT to Rs 59 crore. Revenue grew 21% to Rs 446 crore, while GTV touched Rs 30,832 crore for FY25, led by strong growth in international markets. The company also expanded into 15 new countries and reported healthy EBITDA growth. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of travel distribution platforms TBO Tek surged nearly 10% on Friday to hit the day's high of Rs 1,314 on the NSE after the company reported a 26% surge in its Q4FY25 consolidated net profit at Rs 59 crore versus Rs 47 crore in the year ago period. The profit is attributed to owners of the company's revenue from operation was up 21% to Rs 446 crore versus Rs 369 crore reported in the corresponding quarter of the last financial profit after tax (PAT) jumped 18% on a sequential basis to Rs 50 crore in Q3FY25, while the topline increased 6% over Rs 422 crore in the October-December quarter of earnings were announced after market hours on Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) for FY25 grew 22% YoY to Rs 329 crore. The adjusted EBITDA for the quarter under review stood at Rs 79 crore versus Rs 69 crore which was up 15% company said that its GTV, or gross transaction value, crossed Rs 30,000 FY25 GTV came in at Rs 30,832 crore with 43% YoY growth in international markets. Growth was led by Europe (+70%) and APAC (+66%), demonstrating a well-diversified demand GTV for Q4FY25 stood at Rs 7,788 crore versus Rs 7,511 crore, which was a 4% YoY Middle East and Americas also grew in double digits, it said in a filing to the exchanges. The Indian hotels segment also grew double digits in company said that it is expanding its global footprint with 15 new countries added to its list. The balance sheet remains strong at Rs 1,450 crore in cash & cash equivalents (including Fixed deposits and liquid funds) available for organic and inorganic on the earnings, Gaurav Bhatnagar, Co-founder and Joint MD, said that in FY25, the company laid the foundation for accelerating our business across geographies. This gives us the confidence to maintain our expansion plans and aim for market leadership in the next 5-10 years.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Time of India
23-05-2025
- Business
- Time of India
TBO Tek shares rally 10% after Q4 profit surges 26% YoY
Shares of travel distribution platforms TBO Tek surged nearly 10% on Friday to hit the day's high of Rs 1,314 on the NSE after the company reported a 26% surge in its Q4FY25 consolidated net profit at Rs 59 crore versus Rs 47 crore in the year ago period. The profit is attributed to owners of the company. The company's revenue from operation was up 21% to Rs 446 crore versus Rs 369 crore reported in the corresponding quarter of the last financial year. The profit after tax (PAT) jumped 18% on a sequential basis to Rs 50 crore in Q3FY25, while the topline increased 6% over Rs 422 crore in the October-December quarter of FY25. The earnings were announced after market hours on Thursday. The Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) for FY25 grew 22% YoY to Rs 329 crore. The adjusted EBITDA for the quarter under review stood at Rs 79 crore versus Rs 69 crore which was up 15% YoY. The company said that its GTV, or gross transaction value, crossed Rs 30,000 crore. Meanwhile, FY25 GTV came in at Rs 30,832 crore with 43% YoY growth in international markets. Growth was led by Europe (+70%) and APAC (+66%), demonstrating a well-diversified demand base. The GTV for Q4FY25 stood at Rs 7,788 crore versus Rs 7,511 crore, which was a 4% YoY uptick. The Middle East and Americas also grew in double digits, it said in a filing to the exchanges. The Indian hotels segment also grew double digits in H2. The company said that it is expanding its global footprint with 15 new countries added to its list. The balance sheet remains strong at Rs 1,450 crore in cash & cash equivalents (including Fixed deposits and liquid funds) available for organic and inorganic expansion. Commenting on the earnings, Gaurav Bhatnagar, Co-founder and Joint MD, said that in FY25, the company laid the foundation for accelerating our business across geographies. This gives us the confidence to maintain our expansion plans and aim for market leadership in the next 5-10 years.
Trade Arabia
04-05-2025
- Business
- Trade Arabia
ENOC partners with TBO.COM to enhance rewards scheme
ENOC Group, a leading integrated global energy player, has partnered with a global B2B travel distribution platform, to elevate the travel experience for members of ENOC's YES Rewards programme. ENOC Group, based in Dubai, plays a key role in the UAE's energy and retail sectors. Its award-winning YES Rewards programme lets customers earn and redeem points instantly across ENOC stations. connects over 159,000 travel agents to 1 million+ suppliers across 100+ countries. Through this strategic collaboration, YES Rewards members in Dubai can now book hotels, flights, and curated holiday packages via the YES Rewards app. Members will also enjoy the added benefit of earning and redeeming YES Points on their travel bookings—unlocking more value with every transaction, said a statement. Saif Humaid Al Falasi, ENOC Group CEO, highlighted the partnership as part of ENOC's focus on customer-centric, innovative solutions, while TBO's Co-Founder & Joint Managing Director, Gaurav Bhatnagar echoed this by highlighting the shared goal of simplifying travel and adding value.
United News of India
02-05-2025
- Business
- United News of India
Amazon India announces its highest ever reduction in referral fees
Hyderabad, May 2 (UNI) Amazon India on Friday said it has recently announced its highest ever reduction in referral fees to support lakhs of small businesses selling on from across the country. Starting April 7, 2025, the company has introduced zero referral fees on over 1.2 crore products that are priced below ₹300, said Gaurav Bhatnagar, Director – Sales at Amazon India, in a press conference here. For each product sold, a referral fee is applicable which varies by product category and is calculated as a percentage of the total selling price of the product, he said the zero referral fees apply to more than 135 product categories. Amazon has also brought in a simplified flat rate for sellers using external fulfilment channels like Easy Ship and Seller Flex with national shipping rates now starting at ₹65, down from ₹77, he informed. To enhance seller experience, the e-commerce giant is making significant investments in Technology, logistics, delivery and payment systems, he said over the years, Amazon has invested in creating a robust fulfilment and delivery infrastructure across India and in Telangana. Furthermore, over the last few years, Amazon has been leveraging Generative AI and machine learning to help sellers with better listing and customer engagement on its marketplace, he informed and adding that they have also introduced the Gen AI powered Listing Experience, enabling sellers to create high-quality product listings by simply providing a product image, description or Brand website URL. Today it has 6 large Fulfilment Centers and 1 sortation centre with over 1.75lakh sq. ft of processing area in it has close to 70 Amazon-owned and Partner Delivery Stations and close to 1800 'I Have Space' stores, he said. Additionally, the Company has reduced the weight handling fees for lightweight items under 1 kg by up to ₹17, lowering the overall fees that sellers pay to Amazon, he said and adding that the sellers shipping more than one product unit at a time stand to see up to 90 per cent savings in selling fees on the second unit. These changes will enable sellers to offer a wider selection, more competitive prices and grow their business. Of 16 lakh sellers across the country, over 50,000 sellers from Telangana selling on he said thousands of sellers in Hyderabad and neighboring cities selling Home & Kitchen, BISS, Furniture, Sports, Home Improvement amongst other products below ₹300 are already seeing benefits. By eliminating referral fees on crores of products and reducing weight handling fees, we're making it more lucrative for sellers to grow on This vibrant region contributes significantly to our network of 16 lakh+ sellers across India and we remain committed to enabling small businesses from tier 2, 3, and 4 towns to thrive in the digital economy, said Gaurav. This initiative allows sellers to offer wider selection and more competitive prices, particularly on everyday low-value items, he added. UNI KNR SJC
Zawya
30-04-2025
- Business
- Zawya
ENOC Group partners with TBO.COM to offer YES Rewards members specialised services and curated packages
Dubai, UAE: ENOC Group, a leading integrated global energy player, has forged a strategic partnership with the global B2B travel distribution platform, to provide special offers to members of ENOC's fuel rewards programme, YES Rewards. As part of the partnership, programme members can now make their hotel, airline, and holiday bookings on YES Travel & Leisure® directly on the YES Rewards app, while earning or redeeming YES Points. Travel and holiday packages will be curated specially for members of the rewards programme catering to their specific needs and preferences. His Excellency Saif Humaid Al Falasi, Group CEO at ENOC, said, 'We are always seeking to enhance our loyal customers' experience by providing them with seamless user-friendly services catering to their unique requirements. Our partnership with will further elevate the hotel, airline and holiday booking experience for our valued customers and reflects our commitment to further serve them with top-class amenities.' Gaurav Bhatnagar, Co-Founder and Joint Managing Director of TBO, said, 'We are very excited to enter into this agreement with YES Rewards where ENOC's loyal members can earn and redeem their YES Points seamlessly with the best travel products to their favourite destinations. We are constantly pursuing our vision to simplify travel and deliver more value to our customers, and this is another step in that direction.' YES Rewards provides ENOC's loyal customers with instant rewards via their state-of-the-art mobile application. Customers can earn and redeem points instantly on every purchase by downloading the YES Rewards app, which works across all ENOC locations, including ENOC service stations, ZOOM, AutoPro, Tasjeel, and more. YES Rewards programme enables customers to save money on dining, beauty, health and wellness, and getaways. The 'YES' app is available in the App Store for iOS and Google Play for Android devices, as well as the Huawei app gallery. TBO connects travel buyers and suppliers in the B2B travel space with an extensive range of products covering hotels, air, rail and cruise, car rentals, transfers, sightseeing and cargo. TBO today operates with 159,000 travel agents who have access to more than one million suppliers across 100+ countries worldwide. About ENOC Group: ENOC Group is a leading integrated global energy player and a wholly owned entity of the Government of Dubai that is integral to the Emirate's success. ENOC owns and operates assets in the fields of exploration & production, supply & operations, terminals, fuel retail, aviation fuel and petroleum products for commercial & industrial use. The Group's general business operations include automotive services, non-fuel F&B retail and fabrication services. Servicing thousands of customers in over 60 markets, the Group employs a multi-national workforce of over 12,500 employees and is deploying its world-class customer service, latest innovations, and technologies as well as best practices to empower the UAE's social and economic development.
