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Cartrade Tech Results: Latest Quarterly Results & Analysis

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CarTrade Tech Ltd. 28 Oct 2025 11:25 AM
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Q2FY26 Quarterly Result Announced for CarTrade Tech Ltd.

Internet & Catalogue company CarTrade Tech announced Q2FY26 results

  • Revenue of Rs 222.14 crore in Q2FY26, resulting in YoY growth of 29%.
  • EBITDA of Rs 63.60 crore in Q2FY26, resulting in YoY growth of 94%.
  • Profit before tax for the quarter is at Rs 79.93 crore, resulting in YoY growth of 115%.
  • Profit after tax for the quarter is at Rs 64.08 crore, resulting in YoY growth of 109%.

Vinay Sanghi, Chairman & Founder, CarTrade Tech, said: “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. This quarter, our revenues grew by 29% year-onyear to Rs 222 crore and profits rose by 109% to Rs 64 crore marking our highest-ever performance. We remain committed to sustainable, profitable growth and creating long-term value for all our stakeholders.”

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Internet & Catalogue Retail company CarTrade Tech announced Q1FY26 results

  • Revenue of Rs 198.50 crore in Q1FY26, resulting in YoY growth of 27%.
  • EBITDA of Rs 43.51 crore in Q1FY26, resulting in YoY growth of 98%
  • Profit before tax for the quarter is at Rs 56.91 crore, resulting in YoY growth of 132%.
  • Profit after tax for the quarter is at Rs 47.06 crore, resulting in YoY growth of 106%.
  • The Consumer Group continued to scale profitably, delivering 32% YoY revenue growth and 79% YoY PAT growth.
  • The Remarketing Business posted robust results with 36% YoY revenue growth and 258% YoY PAT growth.
  • OLX India maintained momentum with 71% YoY growth in profits, benefiting from operating leverage and integration synergies.

Vinay Sanghi, Chairman and Founder, CarTrade Tech, said, “We are pleased to report a strong start to FY26 with Revenue of Rs 198.5 crore, up by 27% year-on-year, and profit after tax of Rs 47.06 crore, growing by 106%. This quarter’s performance, reflecting our highest ever in both revenue and profit, is a testament to the strength of our ecosystem and the efficiency of our platform-led model. The consistent growth across our Consumer, Remarketing, and OLX India businesses highlights the depth of our offerings and the trust we have built with customers and partners.

We remain focused on driving innovation and have recently intensified our AI-led initiatives to enhance customer experience, improve operational efficiency, and enable smarter, data-driven decision-making across platforms. Our continued investments in technology, data science, and automation will play a pivotal role as we scale further and unlock new value across all our digital platform”

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Internet & Catalogue Retail company CarTrade Tech announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Revenue of Rs 189.46 crore in Q4FY25, resulting in growth of 18%.
  • Profit before tax for the quarter is at Rs 53.33 crore, resulting in growth of 79%.
  • Profit after tax for the quarter is at Rs 46.11 crore, resulting in growth of 85%.

FY25 Financial Highlights:

  • Recorded highest ever Revenue of Rs 711.00 crore in FY25, resulting in growth of 28%.
  • Profit before tax for FY25 is at Rs 168.02 crore, resulting in growth of 71%.
  • Profit after tax for FY25 is at Rs 145.27 crore, resulting in growth of 627%.

Vinay Sanghi, Chairman and Founder, CarTrade Tech, said: “FY25 has been a landmark year for CarTrade Tech — the highest revenue, the highest profit, and a clear demonstration of the power of our multi-platform strategy. We’ve delivered consistent, profitable growth, driven by execution excellence, technology innovation, and the unmatched trust our users and partners place in us. We see immense potential across all our businesses and continue to be encouraged by the deep connection our platforms have built with customers, surpassing 150 million users across CarWale, BikeWale, and OLX India reflects the scale and strength of our ecosystem. As we look ahead, we’re more committed than ever to harnessing the power of AI and product innovation to transform customer experiences and build the marketplace of the future.

At CarTrade Tech, we believe the best is yet to come. With deep gratitude to our customers, business partners, shareholders and teams, we step boldly into the future — excited, confident, and ready to redefine marketplaces.”

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Internet & Catalogue Retail company CarTrade Tech announced Q3FY25 results

Q3FY25 Financial Highlights:

  • Recorded highest ever Revenue of Rs 192.94 crore in Q3FY25, resulting in growth of 27%.
  • EBITDA for the quarter is at Rs 50.08 crore, resulting in growth of 98%.
  • Adjusted EBITDA for the quarter is at Rs 70.17 crore, resulting in growth of 62%.
  • Profit before tax for the quarter is at Rs 53.39 crore, resulting in growth of 100%.
  • Profit after tax for the quarter is at Rs 45.53 crore as against a loss of Rs 23.55 crore.

Other Highlights:

  • Received average monthly unique visitors in Q3FY25, at ~79 million, more than 95% of which are organic.
  • The company is now present in 450 Physical Locations, including Shriram Automall, CarWale abSure and Signature Dealers & OLX India Franchisee.

Vinay Sanghi, Chairman and Founder, CarTrade Tech, said: “We are delighted to announce strong growth this quarter. All three of our business verticals delivered their highest-ever revenue and profits, further cementing our leadership in the market. Revenue for 9MFY25 grew by 32%, and our EBITDA surged by 100%, leading to PAT zooming to Rs 99 crore. Our profit growth outpaced revenue growth, reflecting the strong operating leverage in play.

In Q3 alone, profits rose sharply by 48% to Rs 46 crore as compared to Q2. This growth underscores the tremendous potential we have ahead. As a product and technology-led organization, we continue to build on our scalable digital platform, focusing on enhancing our customer experience and expanding our market share. The progress made so far positions us strongly for sustained growth as we continue transforming the digital marketplace.”

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Internet & Catalogue Retail company CarTrade Tech announced H1FY25 & Q2FY25 results

Q2FY25 Financial Highlights: 

  • Recorded highest ever Revenue of Rs 172.23 crore in Q2FY25, resulting in growth of 27%.
  • EBITDA for the quarter is at Rs 32.70 crore, resulting in growth of 54%.
  • Adjusted EBITDA for the quarter is at Rs 56.81 crore, resulting in growth of 37%.
  • Profit before tax for the quarter is at Rs 37.14 crore, resulting in growth of 44%.
  • Profit after tax for the quarter is at Rs 30.73 crore, resulting in growth of 509%.

H1FY25 Financial Highlights:

  • Recorded highest ever Revenue of Rs 328.59 crore in H1FY25, resulting in growth of 35%.
  • EBITDA for H1FY25 is at Rs 54.28 crore, resulting in growth of 104%.
  • Adjusted EBITDA for H1FY25 is at Rs 99.62 crore, resulting in growth of 38%.
  • Profit before tax for H1FY25 is at Rs 61.30 crore, resulting in growth of 48%.
  • Profit after tax for HFY25 is at Rs 53.62 crore, resulting in growth of 189%.

Vinay Sanghi, Chairman and Founder, CarTrade Tech, said: “We are pleased to report a remarkable financial performance for Q2FY25, achieving the highest-ever quarterly revenue of Rs 172 crore, marking a 27% growth year-over-year. This robust quarter-on-quarter performance has resulted in a 44% increase in profit before tax, underscoring the strength and leadership across all segments we operate in. Our results also reflect the operating leverage built into our model, driving a substantial increase in EBITDA by 54% and lifting our profit after tax to Rs 31 crore this quarter."

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Internet & Catalouge retail company CarTrade Tech announced Q1FY25 results:

Financial Highlights: 

  • Recorded Total income at Rs 156.36 crore in Q1FY25, resulting in growth of 46%.
  • Adjusted EBITDA for the quarter is at Rs 42.81 crore, resulting in growth of 38%.
  • Profit after tax for the quarter is at Rs 22.90 crore, resulting in growth of 69%.

Operating Highlights:

  • Received average monthly unique visitors in Q1FY25, at 70 million, more than 95% of which are organic.
  • The company is now present in 400 Physical Locations, including Shriram Automall, CarWale abSure and Signature Dealers & OLX India Franchisee.

Commenting on the company’s performance, Vinay Sanghi, Chairman and Founder, CarTrade Tech, said, “I'm pleased to report a very good start to the year, with total income registering YoY growth of 46% and Profit After Tax growing by 69%. CarTrade Tech has a strong history of successful M&A integrations, including the recent integration of OLX India, which is already yielding positive results. Our brands CarWale, BikeWale, Shriram Automall, and OLX India remain leaders in their respective markets. We aim to leverage our brand leadership and technological expertise to explore innovative opportunities, catering to our unique monthly visitor base of 70 million across various platforms.”

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Internet & Catalogue Retail company CarTrade Tech announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Recorded Total Income at Rs 160.61 crore, resulting in growth of 38%.
  • Adjusted EBITDA for the quarter is at Rs 49.11 crore, resulting in growth of 23%.
  • Profit Before Tax for the quarter is at Rs 29.73 crore, resulting in growth of 30%.
  • Profit After Tax for the quarter is at Rs 24.97 crore, resulting in growth of 43%.

FY24 Financial Highlights:

  • Recorded Total Income at Rs 555.23 crore, resulting in a YoY growth of 30%.
  • Adjusted EBITDA for the period is at Rs 164.74 crore, resulting in a YoY growth of 32%.
  • Profit Before Tax for the period is at Rs 98.04 crore, resulting in a YoY growth of 62%.
  • Profit from continuing operations for the period stood at Rs 82.13 crore, resulting in a YoY growth of 103%

Commenting on the company’s performance, Vinay Sanghi, Chairman and Founder, CarTrade Tech, said, "Financial year 2024, has been a pivotal year for our company. We are proud to announce our record-breaking quarterly results. We have reached our highest ever quarterly revenue of Rs 161 crore, representing a substantial growth of 38% and a quarterly profit after tax of Rs 25 crore, with a strong 43% growth YoY. 

The acquisition of OLX India during this period has not only strengthened our leadership position and also paved the way for substantial synergies among OLX India, CarWale, BikeWale, and Shriram Automall. Leveraging our leadership expertise, we are poised to capitalise on numerous opportunities to innovate and cater to our unique monthly visitor base of 70 million across various platforms.

Looking ahead, our focus remains steadfast on driving sustainable and profitable growth in the forthcoming years."

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Internet Catalogue & Retail company CarTrade Tech announced Q2FY24 & H1FY24 results:

  • Q2FY24:
    • Recorded a total income of Rs 330.24 crore in Q2FY24 and net revenue of Rs 147.94 crore in Q2FY24.
    • Adjusted EBITDA for Q2FY24 is at Rs 31.91 crore.
    • PBT for Q2FY24 stood at Rs 15.50 crore.
    • PAT for Q2FY24 stood at Rs 12.97 crore and witnessed a YoY growth of 132%
  • H1FY24:
    • Recorded a total income of Rs 437.16 crore in H1FY24 and net revenue of Rs 254.86 crore in Q2FY24.
    • Adjusted EBITDA for the period is at Rs 62.86 crore, resulting in a YoY growth of 30%.
    • PBT for H1FY24 stood at Rs 31.27 crore.
    • PAT for H1FY24 stood at Rs 26.48 crore and witnessed a YoY growth of 198%.
  • The platforms received 70 million average monthly unique visitors for Q2FY24, of which 90% were organic.
  • The number of annualized listings for auctions conducted by Shriram Automall was 1.2 million based on Q2FY24. The volumes sold via auction were 1,05,263 for H1FY24.
  • The company is now present in 350 Physical Locations, including Automalls, abSure, Signature & OLX outlets.

Commenting on the company’s performance, Vinay Sanghi, Chairman and Founder, CarTrade Tech, said, “This has been an important quarter for CarTrade Tech, highlighted by the acquisition and ongoing integration of the OLX India business. Our strategy has involved restructuring the OLX operations to improve our unit economics and ensure that the classifieds business enhances and supports our consumer group business effectively.

This strategic move strengthens our leadership in the market, making us the number one auto portal, classifieds platform, and auto auction platform in the country. Our platforms together attract around 70 million unique visitors each month, of which 90% originate organically. This is a testament to the strength of our brands and our dedication to offer a superior customer experience."

 

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Internet & Catalogue Retail company CarTrade Tech announced Q1FY24 results:

  • Recorded quarterly revenue at Rs 106.91 crore in Q1FY24.
  • Adjusted EBITDA for Q1FY24 is at Rs 30.95 crore resulting in a YoY growth of 74%.
  • PBT for Q1FY24, stood at Rs 15.77 crore resulting in a YoY growth of 316%.
  • PAT for Q1FY24, stood at Rs 13.51 crore and witnessed a YoY growth of 307%. 
  • CarTrade Tech received 34 million average monthly unique visitors for Q1 FY24, of which 85% were organic.
  • The number of listings for auction was 2,50,103 for Q1FY24.
  • The volumes sold via auction were 49,112 for Q1FY24.

Commenting on the company’s performance, Vinay Sanghi, Chairman and Founder, CarTrade Tech, said, “I am happy to report that we are amongst a few internet companies that continue to grow and are profitable. In Q1FY24, we achieved quarterly revenue of Rs 106.91 crore, an 18% YoY growth. Our PAT for Q1FY24 stood at Rs 13.51 crore representing more than a 300% YoY growth and continues to outpace our revenue growth, as we have an asset-light and scalable business model. Our robust brands manifest their strength by being leaders in Google Trends and our huge average monthly unique visitor count of 34 million, 85% of which originates organically.”

 

Result PDF

Internet & Catalogue Retail company CarTrade Tech announced Q4FY23 & FY23 results:

  • Q4FY23:
    • Recorded highest-ever quarterly revenue at Rs 116.60 crore in Q4FY23
    • Recorded quarterly Adjusted EBITDA at Rs 39.83 crore in Q4FY23
    • PBT for Q4FY23 at Rs 22.88 crore
    • For Q4FY23 the Adjusted PAT stood at Rs 28.09 crore
    • For Q4FY23 the PAT stood at Rs 17.49 crore
  • FY23:
    • Annual revenue for FY23 stood at Rs 427.72 crore. Increase in revenue by 19% YoY as compared to FY22.
    • Adjusted EBITDA for FY23 is at Rs 124.92 crore resulting in a YoY growth of 28%
    • PBT for FY23 stood at Rs 60.57 crore
    • Adjusted PAT for FY23 stood at Rs 80.00 crore with YoY growth of 42%
    • PAT for FY23 stood at Rs 40.43 crore

Commenting on the company’s performance, Vinay Sanghi, Chairman and Founder, CarTrade Tech, said, "I am happy to report that we are among a few internet companies that continue to grow and are profitable. We recorded our highest-ever quarterly revenue of Rs 116.60 crore in Q4FY23. Our annual revenue is Rs 427.72 crore and PAT for FY23 stood at Rs 40.43 crore. Adjusted EBITDA is at Rs 124.92 crore and its growth of 28% has outpaced our revenue growth, as we run an asset-light and scalable business model. We are a debt-free profitable company and have surplus liquidity of over Rs 1,110 crore which will allow us to invest in widening our offerings towards providing a seamless Phygital experience to all our users. The strength of our brand and its high brand recall value is evident in our large average monthly unique visitor base of 34 million of which 86% is organic".

 

 

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