Cartrade Tech FY26 PAT rises 68% to ₹244 crore

cartrade tech reported a 68% year-on-year increase in profit after tax for the financial year ended March 31, 2026, reaching ₹244 crore. The company’s revenue from operations rose 21% to ₹77,927 lakh, while EBITDA grew 70% to ₹25,700 lakh. Adjusted EBITDA for the period increased 50% to ₹36,302 lakh, reflecting improved operational leverage and efficiency across its business verticals.

Financial Performance

The company’s total income for FY26 stood at ₹86,977 lakh, a 22% increase from the previous year. Total expenses were managed at ₹52,227 lakh, up 6% year-on-year. Profit before tax for the year increased 72% to ₹28,983 lakh. For the quarter ended March 31, 2026, revenue from operations was ₹20,314 lakh, and profit after tax stood at ₹7,085 lakh, up 54% compared to the same quarter in the previous year.

Particulars	Year ended Mar 31, 2026 (₹ in lakhs)	Year ended Mar 31, 2025 (₹ in lakhs)	Y-o-Y Growth
Revenue from operations	77,926.72	64,145.73	21%
Total Income	86,976.94	71,133.70	22%
Total Expenses	52,226.92	49,058.83	6%
EBITDA	25,699.80	15,086.90	70%
Profit After Tax	24,350.79	14,526.57	68%
Adjusted EBITDA	36,301.75	24,137.12	50%

Segmental Growth

Cartrade Tech’s diversified portfolio delivered profitable growth across all three primary segments. The Consumer Group reported a 30% increase in revenue to ₹30,833 lakh and a 96% rise in EBITDA to ₹11,800 lakh. The Remarketing business saw revenue grow 22% to ₹25,931 lakh, with profit after tax increasing 66% to ₹4,601 lakh. OLX India continued its expansion, with revenue rising 22% to ₹21,756 lakh and profit after tax jumping 77% to ₹8,201 lakh.

Segment	Revenue FY26 (₹ in lakhs)	Revenue Growth	PAT FY26 (₹ in lakhs)	PAT Growth
Consumer Group	30,833.33	30%	11,546.55	55%
Remarketing	25,931.49	22%	4,601.39	66%
OLX India	21,755.68	22%	8,200.78	77%

Strategic Initiatives

The company emphasized its technology-led, asset-light strategy as a key driver for profitability. Initiatives included the launch of CarTrade Used Auto, an AI-powered platform for B2C, C2B, and C2C transactions, and the introduction of SuperDost AI for matching buyers and sellers. OLX India focused on deepening engagement through new products such as escrow and logistics, while also embedding finance options for used-goods transactions to improve conversion rates.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.55%	+0.19%	+50.40%	-6.94%	+58.84%	+79.85%

CarTrade Tech 's OLX India has partnered with IDFC FIRST Bank to launch a used-car loan offering designed to make ownership more affordable and accessible. The collaboration aims to embed finance directly into the used-car discovery journey, addressing a critical gap in converting purchase intent into completed transactions. This strategic move targets India's growing used-car market, which currently sees nearly 5.9 million annual transactions and is projected to approach 9.5 million by 2030, representing a significant transaction opportunity.

The partnership leverages OLX India's extensive user base, engaging approximately 3 million sellers and 20 million buyers annually. By combining this reach with IDFC FIRST Bank's vehicle financing capabilities, the companies intend to offer a differentiated loan proposition. The digital-led process is designed to reduce traditional friction, enabling users to evaluate affordability faster and make informed decisions with greater confidence.

CarTrade Tech's consumer marketplaces host more than 63% of India's online used-car listings, positioning OLX India to facilitate growth in the ecosystem. The company operates a technology-led, asset-light model, serving over 80 million monthly unique users through platforms including CarWale, BikeWale, Shriram Automall and OLX India.

Market Opportunity and Strategic Fit

The used-car market is driven by rising demand for affordable mobility and increasing digital discovery. Despite the scale, access to transparent financing remains a key enabler for transactions. The new offering is aligned with CarTrade Tech's strategy to enable discovery, trust, affordability and transactions across the used-vehicle market.

Key Metrics and Partnership Benefits

The following table highlights the key metrics underpinning the partnership's scale and market potential:

Metric:	Value:
Annual used-car sellers	3 million
Annual used-car buyers	20 million
Current market transactions	5.9 million
Projected transactions by 2030	9.5 million
Share of online listings	63%

The partnership benefits include capturing high-intent buyers at the point of decision and improving purchase confidence through a scalable, partner-led model. Diya Sanghi, President - Corporate Finance at CarTrade Tech, stated that the initiative marks an important step in the journey from discovery to transaction enablement. Mr. Rishi Kant Mishra of IDFC FIRST Bank highlighted the seamless onboarding journey crafted for OLX India customers, emphasizing the bank's focus on fulfilling affordability needs with speed.