TBO Tek earnings calls.

TBO Tek reported Q3 FY26 revenue of 784 CRCurrent reported value: 784 CR. No comparable prior figure is available in the source record. with first-time consolidation of Classic Vacations (CV), adding complexity to metric interpretation. The enterprise take rate stood at 8.08%Current 8.08%. Reported change: Blended (Organic: 6.04%, CV: 24.94%). (organic: 6.04%; CV: 24.94%), though management emphasized gross profit as a more analytically robust metric given CV's commission pass-through structure. GP-to-Adjusted EBITDA conversion was 23.7% at enterprise level versus 25.3% organic. Air business delivered 16% YoY organic GTV growthCurrent 16% YoY organic GTV growth. Reported change: +16% YoY. despite Indigo disruptions, with management projecting sustained Q4 momentum. CV cross-sell has commenced with promising early signs—CV as a TBO customer ranks among top 20. Platform migration remains a multi-quarter project given CV's legacy systems. Management reaffirmed Q4 operating leverage commitment, expecting significant bottom-line flow-through as seasonal top-line growth outpaces SGA expansion. Key risks include integration execution on CV, working capital headwinds from CV's longer booking windows, and forex volatility from hedging costs.