CarTrade Tech Reports Stellar Q1 FY26 Results
CarTrade Tech has announced a stellar performance for the first quarter of fiscal year 2026, reporting its highest-ever quarterly revenue and profit. The company attracted a substantial number of visitors and saw significant growth across various segments.
CarTrade Tech's total income for the quarter surged 27% year-on-year to Rs 198.50 crore. Revenue from operations also grew by 22% to Rs 173 crore. Notably, the Consumer Group's revenue increased by 32% and profit after tax (PAT) by a remarkable 79%.
The company's remarketing business also thrived, achieving an annualised run-rate of 1.4 million listings for auction. This segment grew revenue by 36% and PAT by a staggering 258%. OLX India, acquired in 2023, contributed significantly with a 71% rise in profits.
CarTrade Tech's strong financial performance was reflected in its EBITDA, which rose 98% year-on-year to Rs 43.51 crore. Profit after tax (PAT) surged 106% to Rs 47.06 crore, driven by increased revenue and operational efficiency.
CarTrade Tech's impressive Q1FY26 results demonstrate the company's robust growth and strong market position. With increased revenue, profits, and visitor numbers, the company is well-positioned for continued success in the coming quarters.
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