CarTrade Tech Q1 Profit Doubles; Shares Rally to Record High
Operational efficiencies on its multi-platform auto marketplace boosted margins to 25.1%, driving strong investor interest.
Overview
- CarTrade Tech posted consolidated net profit of Rs 47.06 crore in Q1 FY26, up from Rs 22.90 crore a year earlier as revenue rose 22.3% to Rs 173 crore.
- EBITDA nearly doubled to Rs 43.5 crore, lifting operating margin to 25.1% from 15.5% on cost efficiencies and higher digital platform contributions.
- The consumer and remarketing segments saw revenue gains of 32% and 35% respectively, while OLX India delivered a 2% rise in revenue alongside a 230% jump in EBITDA.
- Shares surged about 13% to a record Rs 2,140.50, with Piper Serica backing the stock and most analysts maintaining buy ratings.
- CarTrade’s integrated ecosystem spanning CarWale, BikeWale and OLX India attracted an average of 75 million unique monthly visitors in Q1.