Cartrade Tech Ltd Share Price – NSE /  BSE

Retail, Small Cap

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.

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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.

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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.

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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 News

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.

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Cartrade Tech will hold a meeting of the Board of Directors of the Company on 29 January 2025.

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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.

Powered by Capital Market - Live News

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 News

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 News

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 News

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 News

Cartrade Tech will hold a meeting of the Board of Directors of the Company on 29 January 2025.

Powered by Capital Market - Live News