Cars24 has achieved a significant milestone by posting its first quarterly profit of ₹20 crore (approximately $2.4 million USD) in the fourth quarter of FY26, driven by strong growth in its core businesses. The company's adjusted net revenue reached ₹760 crore, reflecting a 37% increase from the previous year, while losses narrowed by 83%. This profitability marks a pivotal shift for Cars24, as it evolves from a transaction-led platform to an AI-native auto ecosystem. Founder Vikram Chopra emphasized that the company's focus is not just on the car purchase but on supporting customers throughout their ownership journey, which includes services like insurance and compliance. The platform now engages over 3.8 crore users monthly, with retail Gross Merchandise Value (GMV) increasing 35% year-on-year and loans disbursed rising 57% to ₹1,789 crore. Cars24 aims to make car ownership more accessible for the next 20 crore Indians, with a significant portion of its users being first-time buyers. The integration of AI into its operations has led to a 50% increase in revenue per employee, showcasing the company's commitment to efficiency and scalability.