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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Summary form Q32025 results PPT and transcript. Please feel free to suggest views/edits.
Not sure what shall be fair PE and need support & advice form members/experts
Revenue and profits:
- Q3 revenues: **Rs. 193 crores
- Profit after tax: **Rs. 46 crores, 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
- Market Position- #1 Automotive Platform", “#1 Used Classified Platform”, and number one vehicle auction platform in the country. Used car market is likely to grow as the car penetration increases (my view)
- 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.
- Auction volume went up to a rate of 1.5 million vehicles a year
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)
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27%
CAR TRADE:
OLX projects that Q2 FY26 will deliver a strong revenue growth of approx. 15% Y-o-Y,
translating into its highest ever Revenues and Profits and cementing its position as India’s
leading destination for buying and selling used cars and products.
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It’s clearly evident from the traffic surge that CarTrade is set to benefit significantly. Brokerages will have to upgrade their ratings once they realize their earlier mistake
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CarTrade declares super strong set of numbers for Q2.
Key Highlights – Q2FY26 (Consolidated):
• Revenue of ₹222.14 crores in Q2FY26, resulting in YoY growth of 29%.
• EBITDA of ₹63.60 crores in Q2FY26, resulting in YoY growth of 94%
• Profit before tax for the quarter is at ₹79.93 crores, resulting in YoY growth of 115%.
• Profit after tax for the quarter is at ₹64.08 crores, resulting in YoY growth of 109%.
Key Highlights – H1FY26 (Consolidated):
• Revenue of ₹420.64 crores in H1FY26, resulting in YoY growth of 28%.
• EBITDA of ₹107.10 crores in H1FY26, resulting in YoY growth of 96%
• Profit before tax for the H1FY26 is at ₹136.84 crores, resulting in YoY growth of 122%.
• Profit after tax for the H1FY26 is at ₹111.14 crores, resulting in YoY growth of 107%.
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