CarTrade Tech Limited , a leading digital auto marketplace, has announced its financial results for the second quarter of fiscal year 2026, showcasing remarkable growth across key metrics. The company held an earnings conference call on October 28, 2025, to discuss its unaudited financial results for Q2 and H1 FY26 with analysts, institutional investors, and funds.

Record-Breaking Performance

CarTrade Tech delivered its highest-ever quarterly revenue of ₹222.14 crore in Q2 FY26, representing a robust year-on-year growth of 29%. The company's profit after tax (PAT) saw an impressive surge of 109%, reaching ₹64.08 crore for the quarter.

Financial Highlights

The company's EBITDA margin expanded significantly, reaching 33% in Q2 FY26, up from 21% in the same quarter last year.

Segment-wise Performance

CarTrade Tech's growth was driven by strong performances across all its business verticals:

1. Consumer Group: Achieved 37% year-on-year revenue growth and 82% PAT growth, with an impressive 40% EBITDA margin in Q2 FY26.

2. Remarketing Business: Delivered 23% revenue growth and 30% PAT growth compared to Q2 FY25.

3. OLX India: Continued its growth trajectory with a 17% increase in revenue and a substantial 213% growth in PAT.

Operational Highlights

• The company attracted approximately 85 million average monthly unique visitors during Q2 FY26, with 95% of the traffic being organic.
• CarTrade Tech now has a presence in over 500 physical locations, including Shriram Automall, CarWale abSure & Signature dealers, and OLX India franchisees.
• Its digital platforms—CarWale, BikeWale, and OLX India—each cater to more than 150 million annual unique visitors.
• The remarketing business achieved an annualized run-rate of 1.8 million listings for auction.

Management Commentary

Vinay Sanghi, Chairman and Founder of CarTrade Tech, expressed his satisfaction with the company's performance: "We are delighted to deliver yet another record quarter with strong growth across all our businesses. The consistent momentum in revenues and profitability reflects the strength of our diversified digital ecosystem and the focus on operational excellence."

Looking Ahead

With its debt-free status and a strong cash balance of around ₹1,080 crore, CarTrade Tech is well-positioned for future growth and expansion. The company's focus on sustainable, profitable growth and creating long-term value for stakeholders remains steadfast.

As CarTrade Tech continues to strengthen its position in the digital auto marketplace, investors and industry observers will be keenly watching its future performance and strategic initiatives in the evolving automotive sector.

CarTrade Tech Limited, a leading digital auto marketplace, has announced the appointment of Varun Sanghi as its new Chief Strategy Officer (CSO), effective November 1, 2025. This strategic move, recommended by the company's Nomination and Remuneration Committee, aims to bolster CarTrade Tech's leadership team and drive future growth initiatives.

A Decade of Experience at CarTrade Tech

Varun Sanghi brings over ten years of experience with CarTrade Tech to his new role. His journey with the company began as a Product Manager, where he played a pivotal role in conceptualizing and launching the Auto Finance product, which remains an integral part of CarTrade Tech's offerings.

Key Contributions and Achievements

Throughout his tenure, Sanghi has made significant contributions across multiple areas of the business:

• Corporate Finance
• Business Development
• Strategic Investments

Notably, Sanghi was a key member involved in the acquisition of OLX India in 2023. Since then, he has led post-integration initiatives, focusing on:

• Driving strategy
• Identifying and implementing synergies
• Accelerating revenue growth across the combined businesses

Innovation and Technology Leadership

In his current role, Sanghi oversees CarTrade Labs, the company's innovation and technology hub. This initiative is aimed at fostering new-age digital solutions, strategy, and product innovation, positioning CarTrade Tech at the forefront of technological advancements in the auto marketplace sector.

Board Positions and Industry Recognition

Sanghi's expertise and leadership extend beyond his operational roles. He currently serves as a Director on the boards of:

• Sobek Auto India Private Limited (OLX India)
• Shriram Automall India Limited
• CarTrade Foundation

His achievements have also garnered external recognition, including:

• Featured in Forbes India's "30 Under 30" list
• Named in Business World's "40 Under 40 – Auto Industry Leaders"

These accolades reflect Sanghi's growing industry stature and strategic acumen.

Implications for CarTrade Tech

The appointment of Varun Sanghi as CSO comes at a time when CarTrade Tech is experiencing significant growth. In its recent financial results for Q2 FY26, the company reported:

Sanghi's extensive experience within the company and his proven track record in strategic initiatives position him well to contribute to CarTrade Tech's continued expansion and innovation in the digital auto marketplace sector.

As CarTrade Tech continues to strengthen its position in the market, with a presence in over 500 physical locations and its digital platforms each catering to more than 150 million annual unique visitors, Sanghi's role as CSO will be crucial in shaping the company's strategic direction and maintaining its growth momentum.

The appointment of Varun Sanghi as Chief Strategy Officer underscores CarTrade Tech's commitment to nurturing internal talent and leveraging deep industry expertise to drive its future growth and innovation strategies.