CarTrade Tech Limited , India's leading multi-channel auto platform, has reported a stellar performance for the second quarter of fiscal year 2026, with profits soaring 109% year-on-year to INR 64 crores. The company's revenue grew by 29% to reach a record INR 222 crores, marking its best-ever quarterly performance.

Strong Performance Across Segments

The company's consumer group, which includes CarWale and BikeWale, achieved an impressive 37% revenue growth, resulting in an 82% increase in profits. The EBITDA margins for this segment expanded significantly, reaching 40%.

OLX India, part of the CarTrade Tech group, recorded its highest-ever revenue with a 17% growth and an astounding 213% jump in profits. The EBITDA margins for OLX reached 30%, demonstrating strong operational efficiency.

The remarketing business also showed robust growth, with revenue increasing by 23% and profits by 30%.

Key Metrics and Financial Highlights

CarTrade Tech's platforms, including CarWale, BikeWale, and OLX, collectively crossed 85 million monthly active users, with 95% of the traffic coming organically. The company maintains a strong physical presence with over 400 abSure and OLX outlets.

Cost Discipline and Operational Leverage

Despite the significant revenue growth of 29%, the company managed to keep cost escalation at just 8%, demonstrating strong operational leverage. This disciplined approach to costs has contributed significantly to the expansion of profit margins across all verticals.

Future Outlook and Initiatives

The company is focusing on leveraging artificial intelligence (AI) to enhance user experience and develop new products. CarTrade Tech is also exploring monetization opportunities for both sellers and buyers on its platforms, particularly through the recently launched Elite Buyer Program on OLX.

Vinay Sanghi, Chairman and Managing Director of CarTrade Tech, expressed optimism about the company's growth trajectory, stating, "We feel very optimistic about the growth for this quarter, coming quarter and the quarters after that at OLX."

With a strong cash position and continued focus on product innovation, CarTrade Tech appears well-positioned to capitalize on the growing digital automotive market in India.

Investors and market watchers will be keen to see if the company can maintain this growth momentum in the coming quarters, especially as it continues to expand its services and leverage its strong market position across various automotive-related segments.

CarTrade Tech Limited has reported a robust quarterly performance, with revenue increasing 29% year-on-year to ₹222.14 crore in Q2. The company's profit after tax (PAT) more than doubled, rising 109% compared to the same quarter last year.

Financial Highlights

Segment Performance

CarTrade Tech's growth was driven by strong performance across all its business segments:

Consumer Group

• Revenue growth: 37% year-on-year
• PAT growth: 82% year-on-year
• Achieved 40% EBITDA margin

Remarketing Business

• Revenue growth: 23% year-on-year
• PAT growth: 30% year-on-year

OLX India

• Revenue growth: 17% year-on-year
• PAT growth: 213% year-on-year
• Achieved 30% EBITDA margin

Operational Highlights

• Attracted approximately 85 million average monthly unique visitors
• 95% of traffic was organic, underlining strong brand equity
• Expanded presence to over 500 physical locations, including Shriram Automall, CarWale abSure & Signature dealers, and OLX India franchisees
• Leading digital platforms (CarWale, BikeWale, and OLX India) each cater to more than 150 million annual unique visitors
• Remarketing business achieved an annualized run-rate of 1.8 million listings for auction

Future Outlook

CarTrade Tech expects growth rates to exceed 17% in upcoming quarters. The Consumer Group Business, in particular, is anticipated to show strong performance during the October to March period.

Vinay Sanghi, Chairman and Founder of CarTrade Tech, commented on the results: "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."

Strategic Developments

CarTrade Tech has appointed Mr. Varun Sanghi as Chief Strategy Officer (CSO) and Senior Management Personnel, effective November 1. Mr. Sanghi, who has been with the company for over ten years, has played a crucial role in various strategic initiatives, including the acquisition of OLX India in 2023.

CarTrade Tech continues to focus on innovation, with Mr. Sanghi overseeing CarTrade Labs, the company's innovation and technology hub aimed at fostering new-age digital solutions and product innovation.

As CarTrade Tech builds on its strong Q2 performance and strategic initiatives, the company appears well-positioned to capitalize on the growing digital automotive marketplace in India. However, investors should note that future performance may be subject to market conditions and other factors affecting the automotive and digital sectors.