CarTrade Tech (CARTRADE) Q2 25/26 earnings summary

Executive summary

• Achieved record quarterly revenue of INR 222 crore (₹19,341.26 lakhs), up 29% year-over-year, and best-ever profit after tax of INR 64 crore (₹6,407.59 lakhs), a 109% increase year-over-year.

• All business verticals—Consumer, Remarketing, and OLX India—posted record revenues and profits for both the quarter and half-year.

• Organic traffic remains a key strength, with 95% of visits organic and over 85 million monthly active users across platforms.

• Board approved unaudited standalone and consolidated financial results for Q2 and H1 FY26 on October 28, 2025.

• Statutory auditors issued unqualified limited review reports for both consolidated and standalone results.

Financial highlights

• Q2 revenue: INR 222 crore (₹19,341.26 lakhs), up 29% year-over-year; H1 FY26 revenue: ₹36,645.23 lakhs, up from ₹29,572.81 lakhs.

• Q2 EBITDA: INR 63.59 crore, up 94% year-over-year; half-year EBITDA: INR 107 crore, up from INR 54 crore.

• Q2 profit after tax: INR 64 crore (₹6,407.59 lakhs), up 109% year-over-year; half-year profit after tax up 107%.

• EBITDA margin reached 40% in Q2, with cost escalation limited to 8% year-over-year despite 28% revenue growth.

• Cash balance increased to INR 1,080 crore; maintained a debt-free balance sheet.

Outlook and guidance

• Management remains optimistic about continued growth in all segments, especially OLX India, with new monetization initiatives like the Elite Buyer Program and trust verification.

• Consumer group expected to accelerate growth, outpacing industry trends due to digital advertising shift and market share gains.

• Margins expected to remain strong or improve further, with cost base largely fixed.

• Management and auditors confirm compliance with accounting standards and regulatory requirements; no forward-looking guidance provided.