2 weeks ago
CarTrade Tech shares rallied 11% intraday after Q1 profit doubled and margins jumped to 25%. Strong gains across consumer, remarketing and OLX units boosted sentiment, with EBITDA rising nearly 98%.
CarTrade Tech Ltd posted a strong set of numbers for the quarter ended June 2025, with consolidated net profit rising 105% year-on-year to ₹47 crore, up from ₹23 crore.
Revenue for the quarter grew 22% to ₹173 crore, driven by healthy performance across all business segments.
The company’s EBITDA nearly doubled to ₹44.5 crore, reflecting a 98% growth over last year. Operating margin expanded sharply to 25% from 15% in the same quarter a year ago.
The consumer group business saw revenue grow 32% and EBITDA jump 169% year-on-year. In the remarketing vertical, revenue rose 35% while EBITDA climbed 120%.
OLX India, the classified platform acquired last year, posted a modest 2% revenue increase but saw a 230% surge in EBITDA.
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Operationally, the platform reported a 7% YoY increase in average monthly unique visitors to 43.8 million, 92% of which were organic.
Remarketing auction listings and volumes grew 35% and 29%, respectively. OLX retained a 37% market share in the used products segment.
Following the announcement, CarTrade shares surged 11.5% to hit an intraday high of ₹2,140 on the NSE. Notably, the stock has gained more than 6x from its March 2023 low of ₹347.
