Source: Entrackr
CarTrade Tech, an online marketplace for buying and selling cars and bikes, announced impressive first-quarter results for the financial year 2025-26 (Q1 FY26). CarTrade Tech generated big revenue and profit growth and is exhibiting strong growth versus last year at this time.
22% Increase in Revenue
CarTrade had a 22% increase in revenue from operations, which is the revenue it earns from doing business. CarTrade’s revenue from operations for Q1 FY26 was ₹173 crore, compared to ₹142 crore for Q1 FY25 according to the company’s unaudited financial results filed with the National Stock Exchange (NSE). This shows that more people are using the platform to buy and sell vehicles.
CarTrade’s total income, which can include income from any other source of income such as interests or investments, was ₹199 crore, an increase from ₹157 crore from the quarter at the same time last year.
Profits Double
A major development for the quarter was profits. CarTrade declared a net profit of ₹47 crore, which is double the net profit of ₹23 crore made during Q1 FY25. This shows that not only is CarTrade growing its business, but CarTrade is getting more efficient at utilizing its capital.
Revenue from Business Segments
CarTrade generates revenue from three primary segments:
The Consumer segment, which consists of offerings to car buyers and sellers, brought in ₹66 crore. This is up from ₹51 crore in the same quarter last year and provided 38% of the company’s total operating revenue.
The Remarketing segment, which consists of auctions and sales of used vehicles, brought in ₹59 crore.
In Q1 2022, the Classifieds category is also branded as OLX India brought in ₹48 crore.
Cost Control
The company was able to grow revenue while controlling costs. Total expenses only increased by 8% – from ₹131 crore to ₹142 crore. The largest expense was employee-related expenses, which were 53% of total expenses. This expense only increased by 6% or ₹75 crore. Expense continues to be carefully managed and this has led to improved profit margins.
Stock Performance and Valuation
On Monday morning, CarTrade’s share price was ₹1,871, boasting a total market capitalization of ₹8,886 crore (approximately $1.03 billion).
Outlook: CarTrade has had a positive start to the financial year. With increased revenue, stable cost control, and rising profit in all its divisions, the Company looks to be well-positioned on the path to sustainable revenue growth. The Company’s focus on digital platforms and a blend of services will help the CarTrade business thrive in the competitive auto market.
