Auto-Tech Company Reports Highest-Ever Quarterly Income of Rs 230 Crore; Q1 FY27 Profit Jumps 21% YoY

CarTrade Tech announced its financial results for the quarter ended June 30, 2026, reporting its highest-ever quarterly income and strong growth in profitability, supported by broad-based performance across all business verticals.

CarTrade Tech Q1 FY27 Results

The company's total income increased 16 per cent year-on-year to a record Rs 230 crore in Q1 FY27 from Rs 199 crore in the corresponding quarter last year.

EBITDA grew 45 per cent YoY to Rs 63 crore from Rs 44 crore, with EBITDA margin expanding to 31 per cent.

Profit Before Exceptional Item and Tax rose 36 per cent YoY to Rs 78 crore from Rs 57 crore. Profit Before Tax (PBT) increased 31 per cent to Rs 75 crore from Rs 57 crore, while Profit After Tax (PAT) grew 21 per cent to Rs 57 crore from Rs 47 crore in Q1 FY26.

Strong Performance Across Business Segments

All of CarTrade Tech's operating businesses delivered healthy growth during the quarter.

The Consumer Group reported 18 per cent year-on-year revenue growth and 33 per cent EBITDA growth, with EBITDA margin improving to 33 per cent The Remarketing Business recorded 13 per cent revenue growth and 38 per cent EBITDA growth, with EBITDA margin at 28 per cent, Meanwhile, OLX India continued its strong momentum with 29 per cent revenue growth and 76 per cent EBITDA growth, achieving an EBITDA margin of 29 per cent.
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Operational Highlights

CarTrade Tech continued to witness strong user engagement during the quarter, with approximately 80 million average monthly unique visitors, while 95 per cent of total traffic came through organic channels.

The company said its flagship platforms CarWale, BikeWale and OLX India each cater to more than 150 million annual unique visitors.

In the remarketing segment, the company achieved an annualised run-rate of 1.5 million auction listings, reinforcing its leadership in the vehicle auction market.

CarTrade Tech also expanded its nationwide footprint to more than 500 physical locations, including Shriram Automall, CarWale abSure, Signature dealerships and OLX India franchise outlets.

Management Commentary

Commenting on the performance, Vinay Sanghi, Chairman and Founder of CarTrade Tech, said the company started FY27 on a strong note by delivering another quarter of profitable growth, supported by disciplined execution, operating leverage and its diversified business portfolio across Consumer Group, Remarketing and OLX India.

He added that the launch of VAYA AI reflects the company's continued focus on leveraging artificial intelligence, technology and strategic partnerships to improve customer experience, enhance operational efficiency and create long-term value for customers and shareholders.

About CarTrade Tech

CarTrade Tech Limited is one of India's leading digital automotive marketplace companies, operating across the Consumer, Remarketing and Classifieds segments through brands including CarWale, BikeWale, Shriram Automall and OLX India.

The company operates an asset-light, technology-driven business model connecting vehicle buyers and sellers without owning inventory. Its platforms generate revenue through advertising, media solutions, auction commissions, lead generation, listing fees, classifieds and SaaS-based services. With over 80 million monthly users, 500+ physical locations, and leadership across online automotive marketplaces and vehicle auctions, CarTrade Tech continues to strengthen its position in India's digital mobility ecosystem.

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Disclaimer: The article is for informational purposes only and not investment advice.