Cartrade Tech Ltd

Caplin Point Laboratories Ltd, Gujarat Ambuja Exports Ltd, Marksans Pharma Ltd and Alivus Life Sciences Ltd are among the other losers in the BSE's 'A' group today, 09 April 2025.Cartrade Tech Ltd crashed 9.42% to Rs 1380.9 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 57758 shares were traded on the counter so far as against the average daily volumes of 23912 shares in the past one month.Caplin Point Laboratories Ltd lost 8.24% to Rs 1709.85. The stock was the second biggest loser in 'A' group.On the BSE, 19051 shares were traded on the counter so far as against the average daily volumes of 7660 shares in the past one month.Gujarat Ambuja Exports Ltd tumbled 7.95% to Rs 111.15. The stock was the third biggest loser in 'A' group.On the BSE, 64293 shares were traded on the counter so far as against the average daily volumes of 1.04 lakh shares in the past one month.Marksans Pharma Ltd plummeted 6.16% to Rs 195.6. The stock was the fourth biggest loser in 'A' group.On the BSE, 90820 shares were traded on the counter so far as against the average daily volumes of 1.28 lakh shares in the past one month.Alivus Life Sciences Ltd slipped 6.02% to Rs 945.05. The stock was the fifth biggest loser in 'A' group.On the BSE, 2051 shares were traded on the counter so far as against the average daily volumes of 4841 shares in the past one month.Powered by Capital Market - Live

Net profit of Cartrade Tech reported to Rs 42.69 crore in the quarter ended December 2024 as against net loss of Rs 24.23 crore during the previous quarter ended December 2023. Sales rose 27.15% to Rs 176.22 crore in the quarter ended December 2024 as against Rs 138.59 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales176.22138.59 27 OPM %28.4118.29 - PBDT63.9036.33 76 PBT53.3926.76 100 NP42.69-24.23 LP Powered by Capital Market - Live

Total income jumped 27.05% year on year (YoY) to Rs 192.94 crore in the quarter ended 31 December 2024. Profit before tax (PBT) doubled to Rs 53.39 crore in the December 2024 quarter, compared to Rs 26.76 crore posted in the same quarter last year. EBITDA for the quarter was at Rs 50.08 crore, resulting in growth of 98% YoY, while adjusted EBITDA during the quarter stood at Rs 70.17 crore, registering a growth of 62% on a YoY basis. Average monthly unique visitors in Q3 FY25 stood at around 79 million, more than 95% of which are organic. The company stated that consumer group led the growth, achieving a 38% revenue increase and a 172% PAT growth. The remarketing business also showed impressive results, with 28% revenue growth and a 178% increase in PAT during the same period. OLX India too continued its robust performance, with profits surging 80% in Q3 FY25 compared to Q2 FY25, it added. Vinay Sanghi, chairman and founder, CarTrade Tech, said, 'We are delighted to announce strong growth this quarter. All three of our business verticals delivered their highest-ever revenue and profits, further cementing our leadership in the market. Revenue for 9M FY25 grew by 32%, and our EBITDA surged by 100%, leading to PAT zooming to Rs 99 crore. Our profit growth outpaced revenue growth, reflecting the strong operating leverage in play. In Q3 alone, profits rose sharply by 48% to Rs 46 crore as compared to Q2. This growth underscores the tremendous potential we have ahead. As a product and technology-led organization, we continue to build on our scalable digital platform, focusing on enhancing our customer experience and expanding our market share. The progress made so far positions us strongly for sustained growth as we continue transforming the digital marketplace.' CarTrade Tech operates an automotive digital ecosystem which connects automobile customers, Automotive Manufacturers (OEMs), dealers, banks, insurance companies and other stakeholders. The platform operates under several brands: CarWale, CarTrade, Shriram Automall, BikeWale, CarTrade Exchange and Adroit Auto. Through these platforms, the company enables new and used automobile customers, vehicle dealerships, OEMs and other businesses to buy and sell their vehicles in a simple and efficient manner. Powered by Capital Market - Live

Cartrade Tech has allotted 69,000 equity shares under ESOP on 29 January 2025. With this allotment, the paid up equity share capital has increased to Rs. 47,43,60,850 consisting of 4,74,36,085 equity shares of face value of Rs. 10 each. Powered by Capital Market - Live

Cartrade Tech will hold a meeting of the Board of Directors of the Company on 29 January 2025.Powered by Capital Market - Live

Cartrade Tech has allotted 65,750 equity shares under ESOP on 20 December 2024. Consequent to this allotment, the paid-up share capital of the Company stands increased 0to Rs. 47,36,70,850/- consisting of 4,73,67,085 equity shares of face value of Rs. 10 each. Powered by Capital Market - Live

CarTrade Tech announces a significant milestone achieved by its businesses - CarWale, BikeWale and OLX India. Each of these platforms has crossed 150 million yearly unique users, with more than 90% of the traffic being generated organically. This remarkable growth reflects CarTrade Tech Group's robust performance and reinforces its position as a market leader in the automotive ecosystem. The surge in user engagement has been instrumental in driving strong revenue growth for the Company. The current festive season has delivered a strong revenue growth for the Company. The Company's assetlight business model continues to set it apart, delivering consistent profitability. In Q3 FY25, the Company driven by strong operating margins, anticipates approximately a growth of 25-30% in Profit After Tax (PAT) over the previous quarter - Q2 FY25. Powered by Capital Market - Live

CarTrade Tech announced an outstanding performance during the Diwali-Dussehra festive period from its Consumer Group (CarWale and BikeWale), achieving an all-time highs in October 2024. Reflecting on this success, the consumer group expects to report an impressive 30% year-over-year (YoY) revenue growth for the third quarter. Monthly unique customers in October 2024 for the Consumer Group platforms surged by 36% YoY, marking a substantial increase in consumer engagement and traffic. Banwari Lal Sharma, CEO of Consumer Group said, 'This festive season has been excellent for CarWale and BikeWale. Our platforms have seen unprecedented consumer interest, resulting in record revenues and traffic growth. This performance is a testament to our dedication and commitment of delivering value to consumers and partners alike. We are excited about our growth trajectory and remain focused on further enhancing our offerings to meet the evolving needs of the automotive market.'Powered by Capital Market - Live

The Board of CarTrade Tech on 28th October 2024 has approved the allotment of 1,250 equity shares of face value of Rs. 10/- (Rupees Ten Only) each to eligible Employee pursuant to Exercise of vested options under Employee Stock Option Plan 2021 (I) ['ESOP 2021 (I)'].Powered by Capital Market - Live

Net profit of Cartrade Tech rose 826.25% to Rs 27.88 crore in the quarter ended September 2024 as against Rs 3.01 crore during the previous quarter ended September 2023. Sales rose 28.50% to Rs 154.21 crore in the quarter ended September 2024 as against Rs 120.01 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales154.21120.01 28 OPM %21.2017.65 - PBDT47.7834.86 37 PBT37.1425.78 44 NP27.883.01 826 Powered by Capital Market - Live