CarTrade Q1 Profit Skyrockets 106% To INR 47 Cr

Listed reselling platform CarTrade’s saw its consolidated profit after tax (PAT) climb 106% to INR 47 Cr in the first quarter of the fiscal year 2025-26 (Q1 FY26) from INR 22.8 Cr in the year-ago quarter, driven by its top-line growth and EBITDA margin.

Sequentially,the profit grew marginally from INR 46.1 Cr in Q4 FY25.

CarTrade’s revenue from operations also increased 22% to INR 173 Cr during the quarter under review from INR 141.5 Cr in Q1 FY25, driven by robust growth in the core consumer group business.

On a quarter-on-quarter (QoQ) basis, the operating revenue 2% from INR 169.5 Cr.

For the quarter under review, its EBITDA surged 98% to INR 43.5 Cr against the EBITDA of INR 21.9 Cr in Q1 FY25. The company’s EBITDA margin was at 25% in Q1 FY26 compared to its year-ago period of 15% EBITDA Margin.

With the other income of INR 25.4 Cr in Q1 FY26, CarTrade total revenue rose 27% year on year (YoY) to INR 198.5 Cr from INR 156.7 Cr in the year-ago quarter.

Founded in 2006 by Vinay Sanghi, CarTrade operates online marketplaces for new and used vehicles. Its platforms such as CarWale, BikeWale, Android Auto, Mobility Outlook and Shriram Automall, among others, facilitate buying, selling, marketing and financing of cars, two-wheelers, and commercial vehicles.

In 2023, CarTrade diversified beyond its core automotive business by acquiring multi-product classifieds platform OLX India for INR 535.5 Cr.

Monthly average unique visitors (MAUs) across its online marketplace platforms, which include Carwale, Bikewale, CarTrade and OLX, stood at 75 Mn for Q1 FY26.

CarTrade in its investor presentation, said that it reported its highest-ever performance in terms of growth, profitability and platform strength.

(The story will be updated soon.)

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