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.

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.