Cartrade Tech Ltd

Cartrade Tech announced the launch of SuperDost: an AI-powered transaction tool designed to power instant transactions between high-intent buyers and sellers for Automobiles and Used Products. SuperDost is a live AI Agent which operationalizes the 'Matchmaker' strategy by leveraging the combined scale and proprietary data of over 85 million unique monthly visitors across OLX India and CarWale to drive real-time and Instant, high-intent transactions between buyers and sellers for Automobiles and Used Products. SuperDost is designed for instant, intelligent matchmaking at scale, bringing together the Company's Consumers, Dealers and Partners across Automobiles and Used Products within a unified AI-powered interface. It Real-Time connects the most relevant, high-intent buyers and sellers across the platforms. Powered by Capital Market - Live

SpiceJet Ltd, Le Travenues Technology Ltd, L&T Technology Services Ltd and Affle 3i Ltd are among the other losers in the BSE's 'A' group today, 24 February 2026.Cartrade Tech Ltd crashed 10.03% to Rs 1800 at 14:45 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 24200 shares were traded on the counter so far as against the average daily volumes of 32887 shares in the past one month.SpiceJet Ltd lost 8.64% to Rs 14.48. The stock was the second biggest loser in 'A' group.On the BSE, 221.03 lakh shares were traded on the counter so far as against the average daily volumes of 120.74 lakh shares in the past one month.Le Travenues Technology Ltd tumbled 8.38% to Rs 164.5. The stock was the third biggest loser in 'A' group.On the BSE, 1.83 lakh shares were traded on the counter so far as against the average daily volumes of 1.5 lakh shares in the past one month.L&T Technology Services Ltd shed 8.22% to Rs 3155.2. The stock was the fourth biggest loser in 'A' group.On the BSE, 11675 shares were traded on the counter so far as against the average daily volumes of 12715 shares in the past one month.Affle 3i Ltd pared 7.16% to Rs 1401. The stock was the fifth biggest loser in 'A' group.On the BSE, 15556 shares were traded on the counter so far as against the average daily volumes of 34500 shares in the past one month.Powered by Capital Market - Live

The company said it will deploy a fleet of specialised AI agents across its core brands, including CarWale, BikeWale, OLX India, and Shriram Automall India. These AI agents will manage end-to-end digital interactions such as vehicle discovery, pricing recommendations, trade-ins, loan approvals, listing assistance, buyer-seller matchmaking, bidding and transaction support. On its consumer platforms CarWale and BikeWale, the AI-powered Sales Agent will guide users through the full retail journey, from discovery to financing. On OLX India, multiple AI agents will assist in pricing, matching buyers and sellers, and improving hyperlocal discovery. At Shriram Automall, AI-led buying and bidding tools will streamline auctions and cross-geography transactions. CarTrade Tech said each of CarWale, BikeWale and OLX India attracts over 150 million annual users, with nearly 95% of traffic generated organically, underscoring brand stickiness and network strength. The company plans to leverage over a decade of proprietary data to enhance transaction velocity and customer outcomes. Financially, the company highlighted a three-year revenue CAGR of 32% and a profit after tax CAGR of 83%. Consolidated total income has reached an annualised run rate of around Rs 1,000 crore in Q3 FY26, while the balance sheet remains strong with over Rs 1,145 crore in cash and minimal capital expenditure needs. The company said the AI-led transformation is designed to deepen engagement, improve conversion rates and unlock further operating leverage as the company moves into its next phase of growth. CarTrade Tech reported a 4% decline in consolidated net profit to Rs 61.52 crore on a 2.8% rise in total income from operations to Rs 228.38 crore in Q3 FY26 over Q2 FY26. On a year-on-year (YoY) basis, the company's net profit and revenue jumped 35.12%, and total income rose 18.36% in Q3 FY26. CarTrade Tech is India's largest digital marketplace ecosystem, operating multiple platforms including CarWale, BikeWale, CarTrade, OLX India, Shriram Automall, CarTrade Exchange, and Adroit Auto. These platforms empower millions of users, including consumers, dealers, OEMs, and enterprises, to buy and sell vehicles, real estate, electronics, mobile phones, furniture, and more with ease and efficiency. Powered by Capital Market - Live

On a year-on-year (YoY) basis, the company's net profit and revenue jumped 35.12%, and total income rose 18.36% in Q3 FY26. EBITDA rose 56% YoY to Rs 78.25 crore in Q3 FY26 compared with Rs 50.08 crore in Q3 FY25, with margins expanding to 37% in Q3 FY26 from 28% in Q3 FY25. The company reported profit before exceptional items and tax of Rs 84.50 crore in Q3 FY26, compared with Rs 53.39 crore in the year-ago period. The quarter included exceptional items of Rs 6.51 crore, mainly on account of incremental provisions towards gratuity and compensated absences following the implementation of the labour codes. The Consumer Group business continued to scale profitably, delivering 27% YoY growth in revenue and 17% YoY growth in PAT. The Remarketing Business also posted solid numbers with 12% YoY growth in revenue and 68% YoY growth in PAT. Meanwhile, OLX India maintained strong momentum, posting 18% YoY growth in revenue and a remarkable 37% YoY rise in PAT. During the quarter, CarTrade Tech attracted approximately 85 million average monthly unique visitors, with 95% of the traffic being organic, highlighting its strong brand equity and content leadership. The company now has a presence across 500+ physical locations through Shriram Automall, CarWale abSure and Signature dealerships, and OLX India franchise outlets, further enhancing its nationwide presence and enabling effective last-mile connectivity. Its flagship digital platforms'CarWale, BikeWale, and OLX India'each cater to more than 150 million annual unique visitors, underscoring the scale and depth of engagement across the ecosystem. The remarketing business achieved an annualized run rate of 1.9 million auction listings, reaffirming its leadership position in the vehicle remarketing space. Vinay Sanghi, chairman and founder of CarTrade Tech, said, We are pleased to deliver a record quarter, marked by strong operating leverage and our highest-ever revenues at 228 crores across each of our businesses. This translated into significant margin expansion, with EBITDA at 78.25 crores and margins reaching an all-time high of 37%. The consistent performance across quarters underscores the strength of our diversified digital ecosystem. We will continue to invest in future technologies and platform capabilities to deepen engagement. CarTrade Tech is India's largest digital marketplace ecosystem, operating multiple platforms including CarWale, BikeWale, CarTrade, OLX India, Shriram Automall, CarTrade Exchange, and Adroit Auto. These platforms empower millions of users, including consumers, dealers, OEMs, and enterprises, to buy and sell vehicles, real estate, electronics, mobile phones, furniture, and more with ease and efficiency. Powered by Capital Market - Live

Net profit of Cartrade Tech rose 30.85% to Rs 55.86 crore in the quarter ended December 2025 as against Rs 42.69 crore during the previous quarter ended December 2024. Sales rose 18.98% to Rs 209.67 crore in the quarter ended December 2025 as against Rs 176.22 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales209.67176.22 19 OPM %37.3228.41 - PBDT93.8863.90 47 PBT84.5053.39 58 NP55.8642.69 31 Powered by Capital Market - Live

Cartrade Tech will hold a meeting of the Board of Directors of the Company on 28 January 2026.Powered by Capital Market - Live

CarTrade Tech announced the launch of SUPER SERIES, a first-of-its-kind integrated solution for used car dealer partners that bring together the combined power of OLX India and CarWale on a single platform. The Super Series is built to help dealers accelerate sales, improve sourcing efficiency, and strengthen digital presence through a powerful mix of platform benefits, business tools, and recognition. CarTrade Tech today powers one of India's largest and most trusted automotive marketplaces, serving 85 million+ unique visitors every month, partnering with over 12,000 used car dealers. This combination brings together the 2 crores buyers and sellers for Used cars in India. SUPER SERIES leverages this scale to offer Consumers and Dealers: Presence on India's two largest and most trusted auto classifieds platforms Access to diverse, high-intent buyers and sellers for cars Powered by Capital Market - Live

In an exchange filing, CarTrade said both parties have mutually decided not to proceed with the proposed consolidation in the automotive classifieds space. The discussions were first disclosed on 11 November 2025. The company stated that it will continue to focus on strengthening its existing platforms ' CarWale, BikeWale, OLX India and Shriram Automall. Management said these businesses operate in a large and growing market and offer strong long-term growth potential. CarTrade added that it will keep evaluating strategic opportunities as part of its normal business process and will disclose any material developments as required. CarTrade Tech is India's largest digital marketplace ecosystem, operating multiple platforms including CarWale, BikeWale, CarTrade, OLX India, Shriram Automall, CarTrade Exchange, and Adroit Auto. These platforms empower millions of users including consumers, dealers, OEMs, and enterprises to buy and sell vehicles, real estate, electronics, mobile phones, furniture, and more with ease and efficiency. On a consolidated basis, the company reported revenue of Rs 222.14 crore in Q2FY26, resulting in YoY growth of 29%. Profit after tax for the quarter stood at Rs 64.08 crore, resulting in YoY growth of 109%. The stock hit a record high of Rs 3,291.35 on 17 November 2025. Powered by Capital Market - Live

CarTrade Tech was in preliminary discussions with Girnar Software regarding a potential consolidation opportunity in the automotive classifieds businesses (CarDekho and BikeDekho) in India. Now, the parties have mutually decided not to proceed with the proposed transaction at this stage. Accordingly, the transaction is not being pursued for now.Powered by Capital Market - Live

The company said it is exploring a potential consolidation of their automotive classifieds businesses as part of its ongoing growth strategy. CarTrade added that the talks are limited to the auto classifieds segment and exclude Girnar's financing, insurance, and other non-automotive operations. CarTrade clarified that no binding or definitive agreement has been signed yet. If any binding document is executed, the company will make the necessary disclosure in accordance with SEBI's Listing Obligations and Disclosure Requirements, it said in a statement. CarTrade Tech is India's largest digital marketplace ecosystem, operating multiple platforms including CarWale, BikeWale, CarTrade, OLX India, Shriram Automall, CarTrade Exchange, and Adroit Auto. These platforms empower millions of users including consumers, dealers, OEMs, and enterprises to buy and sell vehicles, real estate, electronics, mobile phones, furniture, and more with ease and efficiency. On a consolidated basis, CarTrade reported revenue of Rs 222.14 crore in Q2FY26, resulting in YoY growth of 29%. Profit after tax for the quarter stood at Rs 64.08 crore, resulting in YoY growth of 109%. Powered by Capital Market - Live