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Latest news about CarTrade Tech

CarTrade Tech Reports 109% Profit Surge in Q2FY26 with Record Revenue of INR 222 Crores 4 days ago

CarTrade Tech Limited posted impressive Q2 FY26 results with profits up 109% YoY to INR 64 crores and revenue growth of 29% to INR 222 crores. The consumer group (CarWale and BikeWale) saw 37% revenue growth and 82% profit increase. OLX India achieved record revenue with 17% growth and 213% profit jump. The remarketing business grew 23% in revenue and 30% in profits. The company's platforms crossed 85 million monthly active users. Despite 29% revenue growth, costs increased by only 8%, showcasing strong operational leverage. CarTrade Tech is focusing on AI integration and new monetization opportunities.

CarTrade Tech Reports Strong Q2 Performance, Anticipates Continued Growth 10 days ago

CarTrade Tech Reports 109% Profit Surge in Q2 FY26, Revenue Hits ₹222 Crore Oct 28, 2025

CarTrade Tech Appoints Varun Sanghi as Chief Strategy Officer, Strengthening Leadership Team Oct 28, 2025

CarTrade Tech Reports Record Q2 FY26 Performance: Revenue Surges 29%, Profit Soars 109% Oct 28, 2025

More news about CarTrade Tech

15Oct 25

CarTrade Tech Hits Record 57 Million Monthly Users on CarWale and BikeWale Platforms

CarTrade Tech's Consumer Group platforms, CarWale and BikeWale, reached 57 million monthly active users in September 2025. The Consumer Group reported 32-35% year-on-year revenue growth in Q2 FY26. Factors contributing to growth include strong consumer sentiment, the festive season, and recent GST reductions. CEO Banwari Lal Sharma emphasized the automobile sector's significant contribution to India's GDP.

14Oct 25

Goldman Sachs Reduces Stake in CarTrade Tech to 4.65%, Exits Substantial Shareholder Position

Goldman Sachs Asset Management International (GSAMI) has significantly reduced its shareholding in CarTrade Tech through a block trade on the National Stock Exchange. GSAMI sold 1,187,622 equity shares, representing 2.501% of CarTrade Tech's share capital. This transaction has brought GSAMI's total shareholding down to 2,207,989 shares, or 4.650% of the company's equity. As a result, Goldman Sachs Asset Management International and its persons acting in concert have ceased to be substantial shareholders of CarTrade Tech. CarTrade Tech's total equity share capital currently stands at 47,479,035 shares, valued at Rs. 474,790,350.

06Oct 25

CarTrade Tech Sees 66% Traffic Surge on CarWale and BikeWale During Navratri

CarTrade Tech's platforms, CarWale and BikeWale, experienced a 66% year-on-year increase in traffic during the Navratri festival. This growth is attributed to strong festive demand and recent GST rate reductions in the automobile sector. The surge indicates heightened consumer engagement in vehicle research and potential purchases. Banwari Lal Sharma, CEO of Consumer Business at CarTrade Tech, expressed gratitude for users' trust in their platforms.

23Sept 25

CarTrade Tech's CarWale and BikeWale Platforms Witness Record-Breaking 74% Traffic Surge During Navratri

CarTrade Tech's platforms CarWale and BikeWale experienced their highest ever single-day traffic on the first day of Navratri, with a 74% increase compared to last year and a 60% rise over August's daily average. The surge is attributed to festive season demand, recent GST rate cuts for automobiles, and improved consumer sentiment. CEO Banwari Lal Sharma highlighted the milestone as a testament to consumer trust in their platforms.

10Sept 25

CarTrade Tech Shares Plunge 16% Despite Reporting 25% Traffic Surge

CarTrade Tech's stock fell 16% in a single day, its largest drop on record, despite reporting a 25% increase in consumer traffic following GST reductions on automobiles. The decline was triggered by JM Financial downgrading the stock to 'sell' from 'hold', citing concerns about high EBITDA multiples and potential risks. The stock closed 12.60% lower at ₹2,391.50. Despite the market setback, CarTrade Tech reported positive operational news with increased user visits on its platforms, CarWale and BikeWale.

02Sept 25

CarTrade Tech Reports Record Revenues from OLX India, Anticipates Best Quarter Yet

CarTrade Tech Limited announces record-breaking revenues from OLX India operations. July and August marked highest-ever monthly revenues for the platform. OLX India serves approximately 180 million unique users annually. CarTrade Tech projects 15% year-over-year revenue growth in Q2, potentially resulting in highest-ever revenues and profits. The company anticipates that proposed GST reduction will boost the used car and product market. OLX India's success is attributed to brand strength, category diversity, robust dealer network, product innovation, and potential affordability shift due to GST cuts.

04Aug 25

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.

28Jul 25

CarTrade Tech Reports Q1 Results: EBITDA Surges 98% Despite Auction Volume Decline

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.