CarTrade Tech Reports Record Q1 Results with 106% Profit Surge
CarTrade Tech Limited achieved its highest ever quarterly revenue of INR 199.00 crores, up 27% year-on-year, with profit after tax (PAT) increasing by 106% to INR 47.00 crores. The Consumer Group saw 32% revenue growth and 79% profit growth, while the Remarketing Business experienced 36% revenue growth and 258% profit growth. OLX reached its highest ever revenues with 71% profit growth. The company's consolidated EBITDA margin improved to 25% from 15% year-on-year, and its cash position strengthened to INR 1,024.00 crores. CarTrade Tech maintains its position as the leading automotive platform in India, attracting about 75 million monthly users across its platforms.
CarTrade Tech Limited reported mixed Q1 results with significant profitability growth. Revenue increased by 22.3% to ₹17,303.97 lakh, EBITDA rose 98% to ₹435.00 crore, and PAT more than doubled to ₹4,706.32 lakh. EBITDA margin expanded to 25.6%. However, the auction business faced challenges with declining listings and volumes. The consumer segment led in revenue and segment results, followed by remarketing and classifieds.
28Jul 25
CarTrade Tech Reports 92% Surge in Q4 Net Profit, Revenue Grows 21%
CarTrade Tech, a leading online auto marketplace, reported a 92% increase in consolidated net profit to 429.00 million rupees for the fourth quarter, up from 223.00 million rupees in the same period last year. The company's revenue grew by 21% to 1.70 billion rupees, compared to 1.40 billion rupees in the previous year. This strong performance underscores CarTrade Tech's growing presence in the digital automotive marketplace and its ability to capitalize on increasing demand for online car buying and selling services.
25Jun 25
CarTrade Tech Unveils CarTrade Labs to Drive Automotive Innovation
CarTrade Tech has announced the launch of CarTrade Labs, a new initiative aimed at revolutionizing the automotive technology sector. The lab will focus on exploring emerging technologies, developing innovative solutions, and collaborating with industry partners and startups. This strategic move is expected to advance technological developments, enhance CarTrade Tech's competitive edge, and potentially shape industry trends. While specific project details are yet to be disclosed, the initiative positions CarTrade Tech to contribute significantly to advancements in areas such as electric vehicles, autonomous driving, and connected car solutions.
24Jun 25
CarTrade Tech Unveils CarTrade Labs to Drive Automotive Innovation
CarTrade Tech has announced the launch of CarTrade Labs, an initiative aimed at revolutionizing the automotive sector through technological innovation. The lab will focus on developing cutting-edge technologies, driving research and development, and fostering collaboration with industry partners and startups. This strategic move is expected to accelerate advancements in areas such as electric vehicles, autonomous driving, and connected car technologies, potentially leading to new solutions for vehicle buying, selling, and management.
07May 25
CarTrade Tech: Q4 Results Show Growth, But Stock Dips on Visitor Decline
CarTrade Tech announced impressive Q4 FY23 financial results with revenue up 17% to ₹169.50 crore and net profit surging 86% to ₹41.80 crore. EBITDA grew 68% year-over-year with a 27% margin. Full-year performance was even stronger with revenue reaching ₹711.00 crore and net profit growing six-fold. However, the stock fell 8% from the day's high due to a decline in monthly average unique visitors to 74 million.