India, Feb. 12 -- B2B travel portal TBO Tek, or Travel Boutique Online, reported a nearly 2% decline in its consolidated net profit to INR 49.97 Cr in the third quarter of the fiscal year 2024-25 (Q3 FY25) from INR 50.79 Cr in the year-ago quarter.

On a quarter-on-quarter basis, net profit slumped almost 17% from INR 60.08 Cr.

Revenue from operations zoomed over 29% to INR 422.18 Cr during the quarter under review from INR 326.85 Cr in Q3 FY24 on the back of healthy growth in its hotels and packages business. However, it declined over 6% on a sequential basis from INR 450.69 Cr

Including other income of INR 16.57 Cr, the company's total revenue stood at INR 438.76 Cr in the quarter ended December 2024.

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