CarTrade Tech Reports 54% Net Profit Surge in Q4 FY26, Shares Jump 8%
CarTrade Tech Q4 Results: Net profit surges 54% YoY to Rs 65 crore, shares rally 8%
The Economic TimesImage: The Economic Times
CarTrade Tech, an Indian online automotive marketplace, reported a consolidated net profit of ₹64.61 crore for the January-March quarter of FY26, marking a 54% year-on-year increase. The company's revenue also rose by nearly 20% to ₹203.14 crore, prompting an 8% surge in its share price.
- 01Net profit increased by 54% year-on-year to ₹64.61 crore.
- 02Revenue from operations rose nearly 20% to ₹203.14 crore.
- 03EBITDA jumped 55% year-on-year, with a margin of 35%.
- 04CarTrade Tech's share price surged by 8% following the results.
- 05The company aims to enhance customer experience through AI-led products.
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CarTrade Tech, a prominent online automotive marketplace in India, reported a consolidated net profit of ₹64.61 crore for the January-March quarter of FY26, reflecting a 54% increase compared to ₹41.82 crore in the same quarter last year. Revenue from operations also saw a significant rise of nearly 20%, reaching ₹203.14 crore, up from ₹169.51 crore in Q4 of the previous financial year. Despite a 3% sequential decline from the previous quarter's revenue of ₹209.67 crore, the company's bottom line improved by 16% quarter-on-quarter from ₹55.86 crore. The EBITDA for the quarter surged by 55% to ₹71.65 crore, with an EBITDA margin of 35%. Vinay Sanghi, Chairman and Founder, highlighted that FY26 marked a landmark year for the company, achieving its highest-ever revenues and profits, with total revenue for the year growing by 22% to ₹870 crore and profit after tax (PAT) increasing by 68% to ₹244 crore. Following the results, CarTrade Tech shares rose by 8% to ₹1,952, reflecting a 20% gain over the past week, although the stock remains down 31% for the year.
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The strong financial results indicate robust growth for CarTrade Tech, which could enhance investor confidence and attract more customers to its platforms.
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