28-Oct-2026 11:52:48
CARTRADE TECH Q2: RECORD REVENUE AT ₹213 CR; EBITDA UP 20% YOY
• Revenue: Up 10% YoY to ₹213 Cr, highest-ever quarterly revenue • EBITDA: Up 20% YoY to ₹76 Cr, reflecting improving operating profitability • Profit Before Tax: Up 7% YoY to ₹85 Cr, highest-ever quarterly PBT • OLX India: Revenue surged 26% YoY, while EBITDA grew 36% YoY • User Traffic: Attracted approximately 76 million average monthly unique visitors during Q2 FY27 • Organic Traffic: 96% of platform traffic generated organically, reflecting strong brand visibility and lower reliance on paid acquisition • Digital Platforms: CarWale, BikeWale and OLX India each reported over 150 million annual unique visitors • Physical Network: Expanded presence to over 500 locations, including Shriram Automall, CarWale abSure, Signature dealers and OLX India franchisees • Vehicle Remarketing: Auction listings reached an annualised run rate of 1.6 million • AI Integration: Increasing focus on AI and technology-driven products to improve user experience and platform efficiency • Business Model: Asset-light operations and high organic traffic support scalability and profitability • Growth Outlook: Management expects continued profitable growth and further margin expansion through technology, AI and platform scale
CARTRADE TECH LIMITED