Source: Inc42
The automobile classifieds company CarTrade registered a remarkable increase of 17% in revenue for the fourth quarter of FY25 on a year-on-year basis, and a net profit that has increased nearly two folds as compared to net profit obtained during the net profit during the corresponding quarter of last fiscal year. In the FY ending March 2025, the Mumbai-based company had total revenue of Rs 607 crores, which has increased by more than 31% on the year.
For Q4 FY25, CarTrade’s operational revenue stood at Rs 169 crores from Rs 145 crores in Q4 FY24. The company’s total income, inclusive of undisclosed income, is Rs 189 crores, up from Rs 161 crores in Q4 FY24. This head of undisclosed income assisted in boosting the company‘s position during the high competition period, according to Entrackr.
CarTrade operates under three primary verticals: Consumer, Remarketing, and Classifieds. The consumer vertical, which accounts for 37% of total revenues, registered Rs 63 crore for Q4 FY25, demonstrating an increase of 28% from the previous year’s Q4 revenue of Rs 49 crore. During the fourth quarter of FY25, the remarketing and classifieds segments earned Rs 59 crore and Rs 47 crore, respectively. For the entire fiscal year, the consumer vertical generated Rs 238 crore, whereas remarketing and classifieds contributed Rs 212 crore and Rs 192 crore, respectively.
As for expenditures, CarTrade increased its employee benefits expenses by 6%, bringing the total to Rs 71 crore in Q4 FY25, which constituted 52% of the revenues. Total expenses for Q4 grew by 4% YoY to Rs 136 crore, compared to Rs 131 crore in Q4 FY24. On an annual basis, CarTrade’s expenses jumped to Rs 543 crore, rising from Rs 457 crore in FY24.
While expenses increased, CarTrade’s financial performance stayed robust with a net profit of Rs 46 crore in Q4 FY25, greater than CarTrade’s anticipated profits and more than double the Rs 23 crore amount recorded in Q4 FY24. Throughout the entire fiscal year, CarTrade’s net profit stood at Rs 145 crore, which is an increase from FY24.
CarTrade’s stock price reacted positively with the net profit adjustment increasing 5.8% to Rs 1,721 at 12:50 PM, with a total market capitalization of Rs 8,168 crore. CarTrade’s fiscal performance was highly commendable and considering the cost management, steps taken to manage costs were quite controlled, further suggesting that the company is looking towards growth while expanding its reach into the automotive industry.
