CarTrade Tech (CARTRADE) Q3 24/25 earnings summary

Executive summary

• Achieved record Q3 FY25 revenue of ₹1,929 million and profit after tax of ₹455 million, with all business verticals delivering highest-ever revenues, profits, and margins.

• Nine-month FY25 revenue surged 32% year-over-year, EBITDA doubled, and PAT reached ₹990 million.

• Unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2024, were approved by the Board on January 29, 2025.

• Statutory auditors conducted a limited review and found no material misstatements in the results.

Financial highlights

• Q3 FY25 revenue: ₹1,929 million (up 27% year-over-year); nine-month revenue: ₹5,210 million (up 32%).

• Q3 FY25 EBITDA: ₹701 million, margin 36%; nine-month EBITDA: ₹1,040 million (up 100%).

• Q3 FY25 profit after tax: ₹455 million (vs. loss last year); nine-month PAT: ₹990 million (vs. small loss last year).

• Cash balance increased to ₹8,850 million; company remains debt-free.

• Basic EPS from continuing operations for Q3 FY25 was ₹8.95, up from ₹4.54 in Q3 FY24.

Outlook and guidance

• Management expects favorable market conditions to continue, with supply exceeding demand, supporting ongoing growth in the consumer group.

• Margins are expected to improve further as revenue grows, with minimal incremental costs anticipated.

• Management highlights continued growth momentum across all business segments, leveraging a large organic customer base and expanding auction listings.

• No specific revenue guidance provided, but management is comfortable with current business momentum.