Is there a way to save this platform from such copy paste AI summaries. There is a high chance that there is misinformation which is read by people without complete understanding leading to bad investment. @Administrator
6 Likes
Quite a promising quarter for Cartrade tech - My key takeaways from this earnings call
- Ambitious 4x Profit Guidance: Management set a definitive medium-term objective to quadruple their Profit After Tax. They aim to grow PAT from the current ₹243 crores to approximately ₹1,000 crores over the next 4 years. Vinay is pretty cagey about making forward looking statements so this surprised me a little.
- A pretty impressive set of AI enabled rollouts. “Superdost” which could help reduces the time a vehicle sits in inventory. Image based Condition assessment tool capable of evaluating the physical condition of a used product simply through a photograph. Trying to embed financing into “buyer” products etc.
- OLX is still a disappointment per me. Growth momentum should change 2Q’s out with the launch of new “buyer” and “seller” products.
All in all, I think the business is under transformation and the focus on creating new revenue streams by launching new products should be interesting to watch going ahead.
10 Likes
One interesting update is that elite buyer signups have crossed 80000 on olx…..recently management commented that they are focused on buyer products on olx….also their whole business model is somewhat pivoting from b2b to providing more services to the end consumer….this is the first sign that the company is moving in that direction.
3 Likes
