Financial Performance Analysis of Selected Travel Services: A Comparative Study of BLS International Services Ltd and TBO Tek Ltd

Financial performance analysis is an important tool used by investors, analysts, and corporate management to evaluate the efficiency, stability, and sustainability of business operations. The travel services industry has experienced substantial transformation in recent years due to globalization, technological advancement, and increased international mobility. This study examines the financial performance of two major travel service companies listed in the Indian stock market - BLS International Services Ltd and TBO Tek Ltd - over a period of ten years. The research is taken from secondary data of annual reports, stock exchange disclosures, and financial databases. Financial ratio analysis, DuPont model decomposition, correlation analysis, and regression techniques were applied to evaluate profitability, operational efficiency, and financial leverage. These findings show a clear contrast in how both companies grow and maintain stability. The analysis suggests that tech-driven travel platforms have a higher potential for rapid expansion, mainly because their digital infrastructure scales so easily as global demand rises. On the other hand, visa outsourcing companies tend to see more stable and predictable revenue, largely due to their long-term service agreements with government institutions