CarTrade Tech Q3 Results Beat Expectations, But Stock Shows Caution; JM Financial Upgrades to 'Buy'

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AuthorAarav Shah|Published at:
CarTrade Tech Q3 Results Beat Expectations, But Stock Shows Caution; JM Financial Upgrades to 'Buy'
Overview

CarTrade Tech ne Q3 mein 31% net profit aur 19% revenue growth report kiya, jisme Consumer aur Remarketing divisions ne madad ki. JM Financial ne stock ko 'Buy' mein upgrade kiya, lekin intraday gains kam ho gaye, jo future growth aur valuation ko lekar investor pragmatism dikhata hai.

CarTrade Tech ne fiscal year 2026 ki teesri quarter mein ₹55.86 crore ka net profit report kiya, jo pichhle saal ki tulna mein 30.85% zyada hai. Revenue 18.98% badhkar ₹209.67 crore ho gaya. Consumer Group ne 27% revenue growth aur 17% profit after tax expansion dikhaya, jabki Remarketing business mein 12% revenue aur 68% profit after tax ki vriddhi hui. Itni acchi khabar ke bawajood, stock mein intraday pehle 5.38% tak badhane ke baad sirf 0.4% ki halki badhotri dekhne ko mili, jabki Nifty 50 mein 0.32% ki girawat thi. Pichhle saal se ab tak CarTrade Tech Nifty 50 se piche raha hai, jisme -14.5% ki girawat hui hai Nifty ke -3.5% ki tulna mein. JM Financial ne stock ko 'Buy' rating di hai aur target price ₹2,910 rakha hai, lekin unhone New Auto segment ke valuation multiple ko 40x se ghatakar 35x kar diya hai, jiska karan market risk premium badhna aur growth assumptions ka normal hona hai. Yeh dikhata hai ki digital sector mein valuation ko lekar savdhani barakti ja rahi hai.

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