CarTrade Tech Limited, a leading digital auto marketplace ecosystem in India, has announced its financial results for the second quarter of fiscal year 2026, showcasing remarkable growth across key metrics.

Record-Breaking Performance

The company reported its highest-ever quarterly revenue of ₹222.14 crore in Q2 FY26, marking a substantial 29% year-on-year (YoY) growth. This impressive top-line performance was accompanied by an even more striking bottom-line improvement, with Profit After Tax (PAT) reaching ₹64.08 crore, representing a 109% YoY increase.

Key Financial Highlights for Q2 FY26

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) showed remarkable improvement, growing by 94% YoY to ₹63.60 crore. This resulted in an EBITDA margin expansion to 28.6% in Q2 FY26, compared to 19% in the same quarter last year.

Segment-wise Performance

CarTrade Tech's growth was broad-based, with all three business verticals delivering their highest-ever revenue and profits:

1. Consumer Group: Achieved 37% YoY revenue growth and 82% YoY PAT growth. The segment reached a 40% EBITDA margin in Q2 FY26.

2. Remarketing Business: Posted 23% YoY revenue growth and 30% YoY PAT growth.

3. OLX India: Continued its strong momentum with 17% YoY revenue growth and an impressive 213% YoY increase in profits.

Operational Highlights

• The company attracted approximately 85 million average monthly unique visitors during Q2 FY26, with 95% of the traffic being organic.
• CarTrade Tech expanded its physical presence to over 500 locations, including Shriram Automall, CarWale abSure & Signature dealers, and OLX India franchisees.
• Its leading 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, 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."

Financial Position

As of September 30, 2025, CarTrade Tech maintained a strong financial position with a debt-free balance sheet and a robust cash balance of approximately ₹1,080 crore.

The company's performance in Q2 FY26 demonstrates its ability to capitalize on the growing digital automotive market in India. With its multi-platform strategy and focus on profitability, CarTrade Tech appears well-positioned to continue its growth trajectory in the coming quarters.

CarTrade Tech Limited (NSE: CARTRADE | BSE: 543333), a leading player in India's digital automotive ecosystem, has announced a significant milestone in its user engagement. The company's Consumer Group platforms, CarWale and BikeWale, have collectively reached a record-breaking 57 million monthly active users (MAUs) in September 2025.

Key Highlights

• Traffic Milestone: CarWale and BikeWale platforms combined have achieved 57 million monthly active users.
• Revenue Growth: The Consumer Group reported an impressive 32-35% year-on-year revenue growth in Q2 FY26.
• Market Factors: The festive period and GST reduction have contributed to strengthened consumer sentiment.

Financial Impact

The surge in user traffic has translated into robust financial performance for CarTrade Tech. The company's Consumer Group has delivered approximately 32-35% year-on-year revenue growth in the second quarter of the fiscal year 2026. This growth underscores the increasing popularity and trust in CarTrade Tech's digital platforms among Indian consumers.

Market Sentiment

Banwari Lal Sharma, CEO of the Consumer Group at CarTrade Tech, attributed this growth to several factors:

1. Strong consumer sentiment in the automotive sector
2. The ongoing festive season
3. Recent GST reductions

Sharma emphasized that the automobile sector continues to be a significant contributor to India's GDP, reflecting the broader confidence in the country's economy.

Strategic Focus

As CarTrade Tech expands into new categories, the company maintains its focus on:

• Innovation
• Enhancing customer experience
• Creating long-term value for all stakeholders

Market Position

This achievement reinforces CarTrade Tech's position as a key player in India's digital automotive marketplace. The company's platforms serve as vital resources for consumers researching and purchasing vehicles, offering a comprehensive ecosystem for automotive information and transactions.

The record-breaking user engagement on CarWale and BikeWale platforms signals a positive trend in the Indian automotive market, suggesting increased consumer interest and activity in both the car and motorcycle segments.

As the digital transformation of the automotive industry continues, CarTrade Tech's milestone highlights the growing importance of online platforms in the vehicle purchase journey for Indian consumers.