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 the quarter and half-year.

• Platforms reached over 85 million monthly active users, with 95% of traffic coming organically, and over 100 million app downloads.

• 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 FY26 consolidated revenue: INR 222 crore (₹19,341.26 lakhs), up from INR 198 crore sequentially and ₹15,420.94 lakhs year-over-year.

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

• Q2 EBITDA: INR 63.59 crore, up 94% year-over-year; adjusted EBITDA for Q2 FY26 reached INR 96 crore, margin at 43%.

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

• Basic EPS (consolidated) for Q2 FY26 was ₹12.56, up from ₹5.90 in Q2 FY25.

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 in coming quarters and years, outpacing industry trends.

• Margins expected to remain strong or improve further, with potential for best-in-class ROE in the next few years.

• Management and auditors confirm compliance with accounting standards and regulatory requirements.