CarTrade Tech (CARTRADE) Q3 24/25 earnings summary

Executive summary

• Achieved record Q3 FY25 revenue of ₹1,929 million (₹17,621.54 lakhs) and profit after tax of ₹455 million (₹4,553.38 lakhs), with all business verticals delivering highest-ever revenues, profits, and margins.

• Nine-month FY25 revenue surged 32% year-over-year to ₹5,216 million (₹47,160.26 lakhs), EBITDA doubled, and PAT reached ₹990 million (₹9,881.78 lakhs).

• Q3 profits rose 48% sequentially from Q2 FY25.

• 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 (₹17,621.54 lakhs), up 27% year-over-year; nine-month revenue: ₹5,216 million (₹47,160.26 lakhs), up 32%.

• Q3 EBITDA: ₹702 million, up 98% year-over-year; nine-month EBITDA: ₹1,698 million, up 100%.

• Q3 profit after tax: ₹455 million (₹4,553.38 lakhs), up 100% year-over-year and 48% sequentially; nine-month PAT: ₹990 million (₹9,881.78 lakhs).

• Cash balance increased to ₹8,850 million, maintaining a debt-free balance sheet.

• 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.

• All business segments continue to show strong growth momentum, with OLX India acquisition contributing to quarter-on-quarter profit increases.

• Focus remains on leveraging organic traffic and expanding auction listings to sustain growth.

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