CarTrade Tech (CARTRADE) Q2 26/27 earnings summary

Executive summary

• Q2 FY27 revenue from operations reached ₹213.09 crore, up 10% YoY; PBT was a record ₹85.45 crore and PAT was ₹65.95 crore.

• EBITDA was ₹76 crore, up 20% YoY, and margin reached 36%; adjusted EBITDA was ₹105.50 crore, up from ₹95.73 crore.

• H1 revenue from operations grew 13% to ₹414.26 crore; EBITDA rose 30% to ₹138.98 crore and PAT increased 10% to ₹122.71 crore.

Financial highlights

• Q2 total income was ₹236.23 crore, up 6% YoY; revenue from operations was ₹213.09 crore, up 10%.

• Q2 PBT was ₹85.45 crore versus ₹79.92 crore a year earlier; PAT was ₹65.95 crore versus ₹64.08 crore.

• H1 revenue from operations was ₹414.26 crore versus ₹366.45 crore; H1 PAT was ₹122.71 crore versus ₹111.14 crore.

• Q2 adjusted EBITDA, described as a cash proxy, was ₹105.50 crore; cash balance was ₹1,401 crore with zero debt.

Outlook and guidance

• Management expected Q3 to be the strongest quarter to date in most businesses, with record automotive revenue; no specific consumer growth rate was provided.

• Management expected OLX growth to exceed 26%, with potential growth above 30%–35% in coming quarters, supported by new and existing products.

• Q3 group EBITDA growth was expected to be similar sequentially to Q2; 40% group margins were identified as a goal if revenue rises while costs stay stable. Long-term ambition: ₹1,000 crore profit within four to five years.