Earnings Review
CarTrade Tech Q1 PAT up 20% YoY on strong rise in sales
This story was originally published at 13:02 IST on 29 July 2026
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--CarTrade Tech Apr-Jun consol net profit INR 512.42 mln
--Analysts saw CarTrade Tech Apr-Jun consol net profit INR 622.75 mln
--CarTrade Tech Apr-Jun consol revenue INR 2.01 bln
--Analysts saw CarTrade Tech Apr-Jun consol revenue INR 2.09 bln
--CarTrade Tech Apr-Jun consol PAT INR 512.4 mln vs INR 428.7 mln year ago
--CarTrade Tech Apr-Jun consol revenue INR 2.01 bln vs INR 1.73 bln year ago
--CarTrade Tech Apr-Jun consol EBITDA INR 629.77 mln vs INR 435.06 mln yr ago
--CarTrade Tech Apr-Jun consol EBITDA margin 31% vs 25% year ago
By Durgesh Nandan
MUMBAI – CarTrade Tech Ltd. reported a sharp year-on-year rise in its consolidated net profit for the June quarter primarily on the back of a strong rise in revenue from operations and a moderate increase in expenses. The company posted the all-time high total income in the June quarter, which also supported the rise in the net profit. While the figure for the bottom line missed the consensus estimate, the top line was largely in line with the view.
The Mumbai-based company posted a consolidated net profit of INR 512.4 million for the reporting quarter, up nearly 20% on year but down nearly 21% sequentially. Its consolidated revenue from operations rose over 16% on year but declined 1% sequentially to INR 2.01 billion. The company posted a total income of nearly INR 2.30 billion, up nearly 16% on year and up 4% on quarter.
The company's expenses rose moderately in comparison to its total income. Its total expenses rose more than 7% on year and 4% on quarter to INR 1.52 billion. The employee benefit expenses contributed around 55% of the total expenses. These were up nearly 11% on year and 7% sequentially to INR 834.70 million.
The company reported consolidated earnings, before interest, tax, depreciation, and amortisation of INR 629.77 million, up 45% on year. It posted more than 45% growth in its EBITDA for 16 consecutive quarters. Its adjusted EBITDA for the June quarter was 975 million and EBITDA margin was 31%. The company has a robust cash balance of INR 13.21 billion.
The company reported strong growth across all of its businesses. Its consumer group revenue grew 18% to INR 781.1 million. Its EBITDA was INR 258.6 million, up 33% year-on-year and EBITDA margin was 33% for the reporting quarter. Revenue from its remarketing business rose 13% on year to INR 672.3 million, while EBITDA rose to INR 190 million, up 38% on year with an EBITDA margin of 28%. OLX India posted record growth in sales of 29% on year to INR 621.8 million. Its EBITDA was at INR 181.2 million with EBITDA margin of 29% for the June quarter.
On a standalone basis, the company reported a bottom line of INR 257.4 million on revenues of INR 781.1 million for the June quarter. At 1258 IST, the company's shares fell 5.1% to INR 2,810.30 apiece on the National Stock Exchange. End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Deepshikha Bhardwaj
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