Results · Commerce & Consumer Brands

CarTrade Tech posts strong Q4 FY26 results with profit growth

What they do

CarTrade Tech operates auto marketplaces including OLX India and used car platforms

The company reported a 53.6% year-on-year increase in consolidated net profit for the fourth quarter of fiscal year 2026

Remarketing revenue grew 22%, driven by high listing volumes on its digital auction platforms

CarTrade Tech released Q4 FY26 financial results showing strong performance across key metrics.
Consolidated net profit rose 53.6% to ₹70.8 Cr compared to the same period last year.
Operating revenue increased 19.8% to ₹203.1 Cr, despite a slight sequential decline from the previous quarter.
Full-year FY26 profit is estimated between ₹243.5-244 Cr, marking a significant 67.6-68% year-on-year growth.
EBITDA for the full year reached ₹257 Cr, reflecting a 70% improvement over the prior year.
Total expenses grew modestly by 7.1% to ₹145.8-146 Cr, indicating effective cost management.
Employee benefits accounted for ₹78 Cr, representing more than half of the total expenditure.
The company granted 50,000 ESOPs worth approximately ₹9.74 Cr to eligible employees under its 2021 plan.

Profit growth significantly outpaced revenue growth, suggesting improved operational efficiency.
The company maintains a dominant position in the Indian used car remarketing space.
Digital traffic remains robust with 76 million average monthly unique visitors in the March quarter.
The stock price reacted positively, closing up 6.52% at ₹1,923.15 following the announcement.

CarTrade Tech operates multiple digital platforms for buying and selling vehicles in India.
The consumer segment generated ₹79.4 Cr in revenue with a profit of ₹33.1 Cr in Q4.
The remarketing segment contributed ₹71.7-72 Cr through platforms like Shriram Automall and CarTrade Exchange.
Its remarketing platforms host 63% of all used car listings in India.
The classifieds segment includes OLX India, which was acquired in 2023, generating ₹55.1 Cr.
The company has expanded its physical presence to over 540 locations across India.
Digital platforms each attract more than 150 million annual unique visitors.
Revenue comes from advertising, transaction fees, and franchise models across various segments.