CarTrade Tech Limited reported a 68% increase in Profit After Tax (PAT) to ₹244 crore for FY26, supported by a 22% rise in total revenue to ₹870 crore. The company’s EBITDA surged 70% with margins expanding to 33%, reflecting strong operating leverage across its marketplace ecosystem.

The performance was driven by growth across key verticals. The Consumer Group, including CarWale and BikeWale, saw revenue grow 30% to ₹308 crore, while the Remarketing business (Shiram Automall, CarTrade Exchange) posted a 22% rise to ₹259 crore. OLX India contributed ₹218 crore in revenue, with its profit growing 77% to ₹82 crore. The company maintains a debt-free balance sheet with cash reserves of ₹1,244 crore.

Segment Performance Highlights

The company’s diversified portfolio showed robust traction in both automotive and general used goods markets. Below is a breakdown of the financial performance across major segments:

Note: Specific YoY revenue growth percentage for OLX India was not explicitly stated in the source text, though profit growth was disclosed.

What the Numbers Show

A critical divergence between top-line and bottom-line growth highlights significant operating leverage. While revenue grew 22%, EBITDA expanded by 70%, indicating that incremental revenues are converting into profits at a disproportionately higher rate. This suggests that the company’s asset-light model is effectively scaling without proportional increases in fixed costs. Furthermore, the 95% organic traffic share across platforms reduces customer acquisition costs, directly supporting margin expansion.

AGM Proceedings and Governance

The 26th Annual General Meeting (AGM) was held virtually on September 25, 2026. Shareholders approved the adoption of audited standalone and consolidated financial statements for FY26. Mrs. Aneesha Bhandary, Executive Director and CFO, was re-appointed as a director retiring by rotation. The meeting also approved related party transactions involving subsidiaries Shiram Automall India Limited and CarTradeExchange Solutions Private Limited with Shiram Finance Limited for FY27.

CarTrade Tech released its investor presentation on September 24, 2026, detailing a compound annual growth rate (CAGR) of 66% for EBITDA from FY23 to FY27E. The disclosure follows the company's analyst day held earlier that day.

The presentation highlights structural margin expansion, with EBITDA margins projected to rise from 9% to 31%. The company reported ₹244 crore in profit after tax (PAT), positioning it among India's most profitable listed digital platforms. Cash reserves stand at ₹1,321 crore with a zero-debt profile.

Financial Performance Highlights

The company emphasized its consistent profitability, noting that it has delivered over 45% EBITDA growth for 16 consecutive quarters. Key financial metrics for the period FY23 to FY27E include:

Earnings per share (EPS) have grown significantly, rising from ₹7 in FY23 to an estimated ₹47 in FY26.

Strategic Partnerships and Business Units

A key development disclosed is the strategic partnership with Landmark Group to drive the future of pre-owned mobility. This collaboration integrates OLX India's platform capabilities with Landmark's retail network under the "Landmark SELECT" brand. The partnership aims to standardize inspection, pricing, and customer experience across B2C, C2B, and C2C segments.

The presentation outlines five core business units:

• Consumer Group: Includes CarWale and BikeWale for new and used vehicles.
• Remarketing Group: Features Shriram Automall, CarTrade Exchange, and Adroit Auto.
• OLX India: A classifieds platform across 12 categories, including auto and real estate.
• FinTech: Services for dealer finance, insurance, and warranty.
• VAYA World: An enterprise tech platform providing live market intelligence and analytics for OEMs and dealers.

VAYA Live Platform

The company introduced VAYA Live, described as an "always-on intelligence and action platform" for the automotive ecosystem. It leverages proprietary data from OLX, CarWale, and BikeWale to offer hyperlocal intelligence, cross-shop analytics, and live customer targeting. The platform tracks market pulses, demand indices, and seller listings in real time.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Lalbahadur Pal, Company Secretary and Compliance Officer, signed the intimation on behalf of the company. The presentation is available on the company website.