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TBO Tek Ltd News

TBO Tek zooms 6% on Goldman Sachs buy call; stock up 82% from issue price

Goldman Sachs has an optimistic outlook on TBO Tek with a target price of Rs 1,970 per share

TBO Tek zooms 6% on Goldman Sachs buy call; stock up 82% from issue price
Updated On : 24 Jun 2024 | 10:16 AM IST

TBO Tek Q4 result: 64% jump in PAT to Rs 46 crore, revenue up 31%

Travel distribution firm TBO Tek Ltd on Thursday said its profit after tax (PAT) rose by 64 per cent to Rs 46 crore in the quarter ended March 2024 from Rs 28 crore in the corresponding quarter of the previous year. The revenue during the reporting quarter jumped 31 per cent to Rs 369 crore crore compared to the year-ago period. For FY 2023-24, the PAT stood at Rs 201 crore, up 31 per cent over FY23 while the revenue was recorded at Rs 1,393-crore, an increase of 35 per cent over the financial year ended March 2023, the company said. "FY 24 was a landmark year for TBO. Following our successful IPO, we have recorded another year of remarkable growth, with revenue soaring to Rs 1,393-crore, showcasing 31 per cent increase with adjusted EBITDA at Rs 270-crore," said Gaurav Bhatnagar, co-founder and Joint MD, TBO Tek Limited. The gross transaction value during FY24 surged to Rs 26,536-crore, marking a 19 per cent year-over-year growth, he added. "Our acquisition of Jumbonline has alre

TBO Tek Q4 result: 64% jump in PAT to Rs 46 crore, revenue up 31%
Updated On : 31 May 2024 | 3:05 PM IST

TBO Tek makes strong market debut; lists at 50% premium over issue price

On the NSE, TBO Tek made debut at Rs 1,426 per share, a 55 per cent premium to its issue price of Rs 920

TBO Tek makes strong market debut; lists at 50% premium over issue price
Updated On : 15 May 2024 | 10:10 AM IST