Shares of TBO Tek Ltd. fell over 6 per cent on Thursday even as the company’s December quarter earnings came in line with expectations, with the profit rising over 7 per cent.
The company’s stock fell as much as 6.05 per cent during the day to ₹1,445.1 per share, the biggest intraday fall since May 9, 2025. The stock pared losses to trade 3.4 per cent lower at ₹1,483 apiece, compared to a 0.32 per cent decline in Nifty 50 as of 10:05 AM.
TBO Tek Q3 results
The growth in the organic cost base continued to taper lower, India business continued the upwards growth trajectory, key markets like Europe, MEA, and APAC continued to deliver solid growth numbers and the consolidation of CV adding to our scale, the company said in an exchange filing.
Analysts on TBO Tek Q3 results
JM Financial said organic gross profit growth of 19 per cent Y-o-Y was broadly in line with organic Ebitda (excluding M&A costs), indicating a very high probability of the much-awaited operating leverage beginning to play out from the fourth quarter of FY26, in line with management guidance.
The brokerage added that it expects organic gross transaction value growth in both segments to remain stable in the near term, barring any macroeconomic disruptions.
The third quarter marked the first full consolidation of Classic Vacations, leading to significant shifts in certain key operating metrics. JM Financial believes the market will gradually adjust to these changes as the new structure stabilises. It maintained a ‘Buy’ rating on the stock with a revised December 2026 target price of ₹2,000.
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