CarTrade Tech (CARTRADE) Q1 25/26 earnings summary

Executive summary

• Achieved record quarterly profit of INR 47 crore, up 106% YoY, and revenue of INR 199 crore, up 27% YoY, with strong optimism for future growth.

• Surpassed 150 million annual users across platforms, with monthly platform traffic exceeding 75 million and high organic engagement.

• Maintained a debt-free position with a robust cash balance of INR 1,024 crore.

• Board approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2025, with no auditor qualifications reported.

Financial highlights

• Revenue from operations rose 27% YoY to INR 199 crore; EBITDA up 98% YoY to INR 73 crore; PAT up 106% YoY to INR 47 crore.

• EBITDA margin expanded to 37% in Q1 FY26 from 28% in Q1 FY25; PAT margin increased to 24% from 15% YoY.

• Cash position reached INR 1,024 crore, increasing by INR 70-75 crore sequentially.

• Consolidated revenue from operations was ₹17,303.97 lakhs, up from ₹14,151.87 lakhs year-over-year; consolidated net profit was ₹4,706.32 lakhs, up from ₹2,289.86 lakhs.

• Cost base increased only 8% YoY, with employee costs up 7% and expected to remain stable.

Outlook and guidance

• Q1 is typically the weakest quarter; management expects revenue and margin growth to accelerate in subsequent quarters.

• Confident in continued growth for OLX and remarketing businesses, with new product launches planned.

• Emphasis on leveraging large organic user base to drive monetization and lower customer acquisition costs.

• Industry digital adoption and underpenetration in India provide long-term growth drivers.

• Management does not provide specific growth guidance due to market uncertainties.