CarTrade Q2 Profits More Than Double on Strong Revenue Growth
Consumer Products
|
29th October 2025, 2:57 AM
▶
Stocks Mentioned :
Short Description :
Detailed Coverage :
CarTrade has announced its financial results for the second quarter of FY26, showing a significant performance improvement.
Net profits more than doubled year-over-year, reaching INR 64.1 crore.
Revenue from operations grew by 25% year-over-year to INR 193.4 crore, marking its highest-ever quarterly revenue.
EBITDA saw a substantial increase of 94% year-over-year, climbing to INR 63.6 crore, indicating improved operational efficiency.
Total expenses rose by only 5.3% year-over-year, showing tight cost management.
The company's diversified revenue model is performing well, with the consumer business (CarWale, BikeWale) being a major contributor.
The acquisition of OLX India's classifieds business in 2023 is proving successful, adding INR 55.5 crore to the revenue.
Operationally, CarTrade attracted an average of 85 million monthly unique visitors, with 95% coming organically.
The company is also undergoing succession planning, with co-founder Vinay Sanghi’s son, Varun Sanghi, appointed as the new Chief Strategy Officer.
Impact: This strong financial performance is expected to boost CarTrade's stock, which has already more than doubled year-to-date and saw a 17% surge in Tuesday's trading session, reaching a 52-week high. The company faces competition from well-funded players in the auto marketplace.
Definitions: * Net Profits: The profit remaining after all expenses, taxes, and interest have been paid. * Revenue from Operations: Income generated from the primary business activities of a company. * EBITDA: Earnings Before Interest, Taxes, Depreciation, and Amortization. It's a measure of a company's operating performance. * YoY: Year-over-year, comparing performance to the same period in the previous year. * QoQ: Quarter-over-quarter, comparing performance to the previous quarter. * Acquisition: The act of one company purchasing most or all of another company's shares or assets to gain control. * Classifieds Business: A section in a newspaper, magazine, or website where private individuals and businesses can advertise goods and services for sale or rent. * YTD: Year-to-date, comparing performance from the beginning of the calendar year up to the current date.