CarTrade Stock Price Up by More Than 9% After Company’s Profit Doubles

Mumbai, July 28, 2025 – CarTrade Tech Limited (NSE: CARTRADE, BSE: 543333)’s consolidated net profit doubling to ₹47.06 crore, up from ₹22.90 crore a year ago, while revenue climbed 22-22.3% year‑on‑year to approximately ₹173 crore. EBITDA surged nearly 98.6% to ₹43.5 crore, and margins expanded sharply to 25.1%, up from 15.5% in Q1 FY25.

Following the earnings release, the stock exhibited some volatility-initially rising nearly 2.8%, before dipping as much as 3.3% intraday, trading around ₹1,860 on the NSE by mid-day. At 1 p.m. 28th July, the stock is up by 9.97% at Rs 2083.60.

Key Financial Highlights (₹ in crore)

The company reported strong financial performance in Q1FY26, with total income rising to ₹198.50 crore, up 27% from ₹156.70 crore in Q1FY25. EBITDA nearly doubled to ₹43.51 crore, reflecting a 98% year-on-year growth. Profit Before Tax (PBT) surged 132% to ₹56.91 crore, compared to ₹24.50 crore in the same quarter last year. The bottom line also showed significant improvement, with Profit After Tax (PAT) climbing 106% year-on-year to ₹47.06 crore from ₹22.90 crore in Q1FY25.

CarTrade recorded its highest-ever quarterly revenue at ₹198.50 crore and net profit at ₹47.06 crore in Q1FY26.

Segment-Wise Performance

CarTrade Tech delivered strong performance across all key business segments in Q1 FY26. The Consumer Group saw a 32% year-on-year growth in revenue, while its profit after tax (PAT) climbed 79%, underscoring consistent demand on platforms like CarWale and BikeWale. The Remarketing Business reported a robust 36% YoY jump in revenue, with PAT soaring 258%, driven by operational efficiency and increased auction volume. Meanwhile, OLX India, which was integrated post-acquisition, posted a 71% rise in profits, largely benefiting from digital synergies, platform integration, and scale efficiencies.

Operational & Strategic Highlights

CarTrade Tech maintained its leadership in digital automotive traffic – attracting an average of 75 million unique monthly visitors, of which an impressive 95% came from organic sources, reflecting brand strength and customer loyalty. The company also expanded its physical footprint to over 500 locations – spanning Shriram Automall yards, CarWale abSure showrooms, Signature dealerships, and OLX India franchise outlets.

Platform engagement remained a standout, with CarWale, BikeWale, and OLX India each crossing 150 million annual unique visitors, showcasing deep consumer reach and strong multi-platform traction. In the remarketing vertical, CarTrade continues to scale efficiently, with its auction business on track to surpass 1.4 million annualized vehicle listings, reinforcing its dominance in the used-vehicle ecosystem.

Stock Performance

As of 12:24 PM IST on July 28, 2025, CarTrade Tech shares were trading at ₹2,078.10, up ₹183.40 or 9.68% for the day. The stock opened at ₹1,879.80, hit an intraday high of ₹2,140.90, and touched a low of ₹1,832.80, reflecting strong investor interest and heightened intraday volatility.

Management Commentary

Vinay Sanghi, Chairman and Founder, stated:

“We are pleased to report a strong start to FY26, achieving our highest-ever quarterly revenue and profit. This performance reflects the power of our ecosystem and the efficiency of our platform-led model. Our investments in AI, technology, and data science continue to fuel innovation, customer experience, and operational excellence.”

Strategic Outlook

The company emphasized its continued focus on AI-led initiatives to enhance customer experiences – drive automation, and scale platform capabilities. The management reiterated confidence in unlocking long-term value through technology investments and ecosystem expansion.

About the Company

CarTrade Tech Limited is India’s leading multi-platform digital marketplace for automobiles and related assets. It operates marquee brands such as CarWale, BikeWale, CarTrade, OLX India, Shriram Automall, CarTrade Exchange, and Adroit Auto. The company is listed on both BSE (543333) and NSE (CARTRADE).

REF: https://nsearchives.nseindia.com/corporate/CARTRADE_28072025103453_Press_Release.pdf

Disclaimer:  At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations