Cartrade Tech Ltd

Net profit of Cartrade Tech rose 113.99% to Rs 59.66 crore in the quarter ended September 2025 as against Rs 27.88 crore during the previous quarter ended September 2024. Sales rose 25.42% to Rs 193.41 crore in the quarter ended September 2025 as against Rs 154.21 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales193.41154.21 25 OPM %32.8821.20 - PBDT89.2947.78 87 PBT79.9237.14 115 NP59.6627.88 114 Powered by Capital Market - Live

Cartrade Tech has allotted 1,87,800 equity shares under ESOP on 28 October 2025. Consequent to the allotment, the paid up equity share capital has increased to Rs. 47,79,37,600/- comprising of 4,77,93,760 equity shares of face value of Rs 10 each. Powered by Capital Market - Live

The company reported a consolidated net profit of Rs 64.08 crore in Q2 FY26, up 109% year-on-year from Rs 30.73 crore in Q2 FY25. Total income stood at Rs 222.14 crore, marking a robust 29% YoY increase from Rs 172.23 crore a year ago. EBITDA rose 94% YoY to Rs 63.6 crore in Q2 FY26 compared with Rs 32.7 crore in Q2 FY25, with margins expanding to 33% in Q2 FY26 from 21% in Q2 FY25. Profit before tax (PBT) jumped 115% YoY to Rs 79.93 crore from Rs 37.14 crore, supported by strong growth in revenue. The Consumer Group business continued to scale profitably, delivering 37% YoY growth in revenue and 82% YoY growth in PAT. The Remarketing Business also posted solid numbers with 23% YoY growth in revenue and 30% YoY growth in PAT, reinforcing its market leadership in vehicle remarketing. Meanwhile, OLX India maintained strong momentum, posting 17% YoY growth in revenue and a remarkable 213% YoY rise in profits, driven by operating leverage and integration of synergies. During the quarter, CarTrade Tech attracted approximately 85 million average monthly unique visitors, with 95% of the traffic being organic, reflecting the company's strong brand equity and content leadership. The company now has a presence across 500+ physical locations through Shriram Automall, CarWale abSure, Signature dealers, and OLX India franchisees'further strengthening its pan-India reach and last-mile connectivity. Its leading digital platforms'CarWale, BikeWale, and OLX India'collectively cater to more than 150 million annual unique visitors, highlighting its position as one of India's most comprehensive auto ecosystems. The remarketing business achieved an annualized run-rate of 1.8 million listings for auctions, underlining its dominant position in vehicle remarketing. Vinay Sanghi, chairman and founder, CarTrade Tech, said, We are delighted to deliver yet another record quarter with strong growth across all our businesses. The consistent momentum in revenues and profitability reflects the strength of our diversified digital ecosystem and the focus on operational excellence. This quarter, our revenues grew by 29% year-on-year to ₹222 crores and profits rose by 109% to ₹64 crores marking our highest-ever performance. We remain committed to sustainable, profitable growth and creating long-term value for all our stakeholders. 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

Cartrade Tech has appointed Varun Sanghi as Chief Strategy Officer (CSO) and Senior Management Personnel of the Company with effect from 01 November 2025. Powered by Capital Market - Live

Cartrade Tech will hold a meeting of the Board of Directors of the Company on 28 October 2025.Powered by Capital Market - Live

CarTrade Tech announced that its consumer platforms ' CarWale and BikeWale ' witnessed strong growth in traffic during Navratri 2025, underscoring the continued momentum of festive demand and the positive impact of the recent GST rate reduction on the automobile sector. CarWale and BikeWale collectively recorded a 66% year-on-year growth in traffic during Navratri, reflecting heightened consumer engagement and enthusiasm. Banwari Lal Sharma, CEO ' Consumer Business, CarTrade Tech, said: 'The festive season continues to build momentum, and this Navratri has once again shown the trust millions of consumers place in CarWale and BikeWale as their preferred destinations for research and decision-making. We are truly grateful to our users for their continued confidence in our platforms. With consumer sentiment buoyed by festive enthusiasm, we are excited to play a central role in simplifying vehicle buying journeys for Indians across the country.'Powered by Capital Market - Live

The selloff was sparked after a domestic brokerage downgraded the stock to sell from hold, even as it raised the price target to Rs 2,350 from Rs 1,900. The broker flagged rich valuations, noting CarTrade trades at 43x FY27 EBITDA while still relying almost entirely on B2B revenues. It added that while CarTrade runs consumer-facing platforms, they remain exposed to the cyclical nature of B2B spending. Recovery in OLX was termed 'on expected lines,' with no change in forecasts. Rising adoption of generative AI tools like ChatGPT and Perplexity over Google Search was also cited as a risk for the company. Despite the correction, the stock remains up 39.4% in three months and 153.35% over the past year. On 10 September 2025, the company said the government's recent GST cuts on passenger vehicles, two-wheelers, and used vehicles would boost affordability, lift consumer sentiment, and accelerate volumes across new and used categories. CarWale and BikeWale have already recorded a 25% surge in consumer traffic following the tax reduction. Management expects momentum to strengthen during the festive season, supported by higher dealer and OEM participation, improved affordability, and seasonal demand. 'The GST reduction is a game-changer for India's automobile industry,' said Banwari Lal Sharma, CEO ' Consumer Group, adding that it will act as a catalyst for both new and used segments. CarTrade Tech operates across multiple auto platforms, including CarWale, CarTrade, Olx India, Shriram Automall, BikeWale, CarTrade Exchange and Adroit Auto. The company posted a 105.59% YoY rise in consolidated net profit to Rs 47.06 crore in Q1 FY26, while revenue from operations grew 22.27% to Rs 173.03 crore. Powered by Capital Market - Live

JM Financial Ltd, KRBL Ltd, Brainbees Solutions Ltd and Vijaya Diagnostic Centre Ltd are among the other losers in the BSE's 'A' group today, 10 September 2025.Cartrade Tech Ltd lost 10.35% to Rs 2450 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 1.59 lakh shares were traded on the counter so far as against the average daily volumes of 16932 shares in the past one month.JM Financial Ltd crashed 6.87% to Rs 177.45. The stock was the second biggest loser in 'A' group.On the BSE, 3.64 lakh shares were traded on the counter so far as against the average daily volumes of 8.42 lakh shares in the past one month.KRBL Ltd tumbled 4.91% to Rs 439.75. The stock was the third biggest loser in 'A' group.On the BSE, 85536 shares were traded on the counter so far as against the average daily volumes of 91343 shares in the past one month.Brainbees Solutions Ltd corrected 4.50% to Rs 390.6. The stock was the fourth biggest loser in 'A' group.On the BSE, 2.47 lakh shares were traded on the counter so far as against the average daily volumes of 3.15 lakh shares in the past one month.Vijaya Diagnostic Centre Ltd shed 3.36% to Rs 1047. The stock was the fifth biggest loser in 'A' group.On the BSE, 4693 shares were traded on the counter so far as against the average daily volumes of 6186 shares in the past one month.Powered by Capital Market - Live

CarTrade Tech announced that the government's recent reduction of GST on passenger vehicles, two-wheelers, and used vehicles is expected to significantly enhance affordability, uplift consumer sentiment, and accelerate transaction volumes across both new and used categories. Early signs of this policy shift are already visible across the industry. The company's consumer platforms, CarWale and BikeWale, have witnessed a surge of over 25% in consumer traffic, triggered by the GST reduction. The combination of this tax reform and the upcoming festive season is likely to further drive industry momentum. Banwari Lal Sharma, CEO ' Consumer Group, said: 'The GST reduction is a game-changer for India's automobile industry. By reducing ownership costs for consumers and increasing velocity for dealers, it has set off a new wave of demand. This policy move comes at the perfect time, just ahead of the festive season, and will act as a powerful catalyst for both new and used categories. We expect this to not only boost volumes but also deepen trust and participation across our ecosystem of consumers, dealers, and OEM partners'Powered by Capital Market - Live

Cartrade Tech announced that the Annual General Meeting(AGM) of the company will be held on 25 September 2025.Powered by Capital Market - Live