CarTrade Tech Q1 profit rises 19% and revenue increases 16%

CarTrade Tech reported a 19.3% rise in June-quarter net profit and a 16.3% increase in revenue.

Shares of OLX India operator CarTrade Tech fell more than 7% on Wednesday after the company reported its Q1 FY27 results, with consolidated net profit rising 19% year-on-year (YoY) to Rs 51 crore.Revenue from operations increased more than 16% YoY to Rs 201 crore during the quarter. On a sequential basis, however, net profit declined around 21%, while revenue slipped nearly 1% from the fourth quarter of FY26.The company reported its highest-ever quarterly total income of Rs 230 crore, up 16% YoY. EBITDA surged 45% YoY to Rs 63 crore, with the EBITDA margin improving to 31% in the April-June quarter of FY27.CarTrade Tech said OLX India's income grew 29% YoY, while EBITDA jumped 76% YoY. It added that each of its flagship digital platforms—CarWale, BikeWale and OLX India—now attracts over 150 million annual unique visitors, underscoring the scale and depth of engagement across its ecosystem.The company also said it now operates more than 500 physical locations, including Shriram Automall, CarWale abSure and Signature dealerships, as well as OLX India franchise outlets, strengthening its nationwide reach and customer accessibility.It further added that its platforms engaged nearly 80 million average monthly unique visitors during Q1 FY27, continuing the growth seen in Q4 FY26. Organic traffic accounted for 95% of total traffic, reflecting the strength of its brand and content leadership.Also read |CarTrade Tech partners Spinny to expand used-car marketplace across CarWale, OLX IndiaWhat CarTrade Tech management said“We are pleased to begin FY27 on a strong note, delivering another quarter of profitable growth. Total income grew 16% to an all-time high, EBITDA increased 45%, with margins at 31%, and profit after tax stood at Rs 57 crore. This performance reflects the strength of our diversified business portfolio across consumer group, remarketing, and OLX India, supported by disciplined execution, operating leverage, and a continued focus on profitable growth,” said Vinay Sanghi, Chairman and Founder, CarTrade Tech.With the launch of VAYA AI, Sanghi added that the company remains focused on leveraging technology, artificial intelligence, and partnerships to enhance customer experience, improve operational efficiency, and create long-term value for customers, partners, and shareholders.CarTrade Tech share priceCarTrade Tech shares fell more than 7.5% to Rs 2,740 apiece after the results announcement. The stock later recovered some losses and was trading around 4% lower at Rs 2,856 apiece at around 12 pm.The shares have declined marginally over the past week but have gained more than 5% in a month. The stock is down over 1% in 2026 so far. Over the longer term, it has surged more than 34% in a year and 452% in three years.Also read |UBS initiates coverage on CarTrade Tech with Buy rating, sees 42% upside. 4 reasons why(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Mumbai: CarTrade Tech announced on Monday a consolidated net profit of ₹56.75 crore for the quarter ended 30 June 2026 (Q1 FY27), an increase from ₹47.06 crore in the corresponding period of the previous fiscal year.Revenue PerformanceThe company's consolidated revenue from operations for Q1 FY27 stood at ₹201.16 crore, up from ₹173.04 crore in Q1 FY26. Total consolidated income for the quarter reached ₹229.74 crore, compared to ₹198.50 crore year-on-year.CarTrade launches one-stop services platform to buy, sell pre-owned cars Expense DetailsTotal consolidated expenses for the quarter ended 30 June 2026 were ₹152.15 crore, an increase from ₹141.59 crore in Q1 FY26. Employee benefits expense accounted for ₹83.47 crore of the total expenses.Profit Before TaxConsolidated profit before tax for Q1 FY27 was ₹74.52 crore, compared to ₹56.91 crore in Q1 FY26. The company reported exceptional items of ₹3.08 crore during the quarter.CarTrade Tech makes tepid debut on D-Street; lists at over 1% discount Tax ExpensesTotal consolidated tax expenses for the quarter were ₹17.76 crore. This includes a current tax of ₹8.93 crore and deferred tax expenses of ₹8.84 crore.Earnings Per ShareBasic earnings per share (EPS) for the quarter stood at ₹10.69, while diluted EPS was ₹10.26. This compares to basic EPS of ₹9.03 and diluted EPS of ₹8.38 in the year-ago quarter.Other Comprehensive IncomeThe total other consolidated comprehensive income for Q1 FY27 was a loss of ₹0.78 crore. This includes remeasurement of defined benefit plans and related income tax.Board ApprovalThe company's Board of Directors approved the unaudited standalone and consolidated financial results for the quarter ended 30 June 2026, on July 29, 2026.Disclaimer: This report is based on the company's filed financial results (standalone or consolidated, as applicable) and is intended solely for informational purposes. It does not constitute investment advice or a recommendation to buy, sell or hold any security.