Similarly, for used motor cars under the same category, the tariff rate has been lowered from 125% to 70%, with an effective rate of 70% plus 67.5% AIDC.
^ this is +ve for Cartrade i think.
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Based on the Q3 FY25 Earnings Conference Call transcript, CarTrade Tech Limited reported the following:
Please feel free to add your view to improve this.
Not sure what shall be fair PE and need support & advice form members/experts.
- Record-breaking revenue and profits.
- Q3 revenues: Rs. 193 crores.
- Profit after tax: Rs. 46 crores.
- Exceptional growth from all three business verticals.
- For the nine months of the year:
- Revenue surged by 32%.
- EBITDA grew by 100%.
- Profit after tax zoomed to Rs. 99 crores.
- Q3 versus Q2 profit soared sharply by 48%.
- Growth drivers:
- Consumer group (CarWale and BikeWale): Revenue increased 38% year-on-year, resulting in a profit after tax growth of 172%. Achieved a 35% margin.
- Remarketing business: Delivered 28% growth in revenue and 178% profit after tax growth.
- OLX: Continuous growth with an 80% surge in profits.
Additional points:
- Q-on-Q Growth: Strong growth in revenues, EBITDA, and profitability.
- Market Position: “#1 Automotive Platform”, “#1 Used Classified Platform”, and number one vehicle auction platform in the country.
- Traffic: 79 million monthly active unique visitors across platforms. More than 150 million customers per year across CarWale, BikeWale, and OLX India. 95% of users come organically.
- Physical presence: 450+ physical locations for Shriram Automall outlets, abSure outlets, and OLX India outlets.
- Auction volume went up to a rate of 1.5 million vehicles a year.
- Adjusted EBITDA: Rs. 70.2 crores.
- Cash balance increased to Rs. 885 crores.
- EBITDA margin is at 28% versus 18% in the same quarter last year.
- Standalone results: 38% growth in revenue for the three months and 27% growth in revenue for nine months.
- Repossession business has slightly improved, reflecting in the accounts.
- OLX margins are up to 26% from 24% last year and 18% last quarter.
- The management declined to give specific revenue guidance.
Disc : Still tracking
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Growth Drivers Here are the key growth catalysts, as per the report: OLX India Acquisition: This has significantly boosted the company’s horizontal reach across 12 non-auto categories, including furniture and real estate. SAMIL Auctions: Offers counter-cyclical benefits, capitalising on asset repossessions.
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PPT MAY 25 CARTRADE.pdf (1.1 MB)