CarTrade Tech Hits AllTime High Income of ₹230 Crore; EBITDA Surges 45% in Q1 FY27

CarTrade Tech Hits AllTime High Income of ₹230 Crore; EBITDA Surges 45% in Q1 FY27​

CarTrade Tech Limited, a leading digital platform for vehicles and used goods, reported strong financial results for the quarter ended June 30, 2026 (Q1 FY27). The company achieved its highest ever quarterly Total Income of ₹230 crore. EBITDA saw a significant jump, increasing by 45% year over year (YoY) to reach ₹63 crore, registering an EBITDA margin of 31%.

The results showed healthy growth across the board, with Profit Before Tax growing 31% YoY to ₹75 crore, and Profit After Tax rising 21% YoY to ₹57 crore.

Financial Performance Snapshot (Q1 FY27)​

The consolidated financial performance highlights from the company for Q1 FY27 compared to the same period last year are detailed below:

Growth Across Business Verticals​

All of CarTrade Tech's business verticals demonstrated robust revenue and profit growth during the quarter.

The performance breakdown by vertical is as follows:

• Consumer Group: Showed a Revenue growth of 18% YoY, with EBITDA increasing by 33%, resulting in an EBITDA margin of 33%.
• Remarketing Business: Reported a Revenue increase of 13% YoY and an EBITDA rise of 38%, achieving an EBITDA margin of 28%.
• OLX India: Achieved substantial growth, with its Revenue increasing by 29% YoY and its EBITDA jumping by 76%, registering an EBITDA margin of 29%.

Operational Strengths and Scale​

The company reported several operational achievements reflecting its market position. During Q1 FY27, CarTrade Tech engaged approximately 80 million average monthly unique visitors. Organic traffic accounted for 95% of this engagement, underscoring the brand's equity and content leadership.

CarTrade Tech currently operates across more than 500 physical locations. This network includes Shriram Automall, CarWale abSure, Signature dealerships, and OLX India franchise outlets, enhancing customer access nationwide.

The company’s digital platforms maintain significant scale. CarWale, BikeWale, and OLX India each cater to over 150 million annual unique visitors. Furthermore, the remarketing business reached an annualized run-rate of 1.5 million auction listings.

Management Commentary​

Vinay Sanghi, Chairman and Founder of CarTrade Tech, commented on the results, stating that the company is pleased to begin FY27 with a strong performance marked by profitable growth.

"Total income grew by 16% to an all-time high, EBITDA increased by 45%, with EBITDA margins at 31%, and Profit After Tax stood at ₹57 crore," Sanghi said. "This performance reflects the strength of our diversified business portfolio across Consumer Group, Remarketing and OLX India, supported by disciplined execution, operating leverage and a continued focus on profitable growth."

Sanghi added that with the launch of VAYA AI, CarTrade Tech remains focused on utilizing technology, AI, and partnerships to improve operational efficiency, enhance customer experience, and generate long-term value for stakeholders.

CARTRADE Stock Price Movement​

As of 11:12 AM, shares of Cartrade Tech Limited are slipping by 1.67% in live trading, currently priced at ₹2913.20 as they trade down ₹49.50 from the previous close. The stock has seen significant activity so far today, with a total traded volume reaching 673,843 shares.