CarTrade Tech has reported its best-ever financial performance for FY26, helped by strong growth across its online automotive platforms and auction business. The company, which owns CarWale, BikeWale, OLX India, and Shriram Automall, also announced new artificial intelligence (AI) initiatives to improve digital vehicle buying and selling in India.
In FY26, the company’s total income increased 22% year-on-year to around ₹870 crore. Profit After Tax (PAT) jumped nearly 68% to ₹243.5 crore, while EBITDA rose 70% to ₹257 crore. The company also achieved a record EBITDA margin of 33%.
During Q4 FY26, CarTrade’s revenue crossed ₹200 crore, while quarterly profit increased by more than 50% compared to the same period last year. The company remains debt-free and continues to hold strong cash reserves.
CarWale, BikeWale and OLX India Support Growth
The consumer business, led by CarWale and BikeWale, remained the company’s strongest segment in terms of margins and revenue growth. Shriram Automall, which handles vehicle auctions, also performed well due to higher auction activity and better repossession volumes.
OLX India has become a major success story for CarTrade after its acquisition in 2023. The company shut down OLX’s loss-making auto sales business and focused mainly on its classifieds model. This helped improve profitability significantly.
Today, more than half of OLX India’s revenue comes from categories outside automobiles, including jobs, electronics, real estate, and household goods.
CarTrade said its platforms attract around 76 million monthly unique visitors. Nearly 95% of this traffic comes organically, helping the company reduce marketing costs and maintain healthy profit margins.
Company Bets Big on AI and Technology
CarTrade has also launched CarTrade Labs, a new innovation hub focused on generative AI and data science. The company plans to introduce AI-powered agents across its platforms to help users with vehicle search, pricing, financing, bidding, and transactions.
After the company announced its strong FY26 and Q4 results on May 7, CarTrade Tech shares surged nearly 17% during intraday trading. Although the stock had seen a sharp correction earlier, the company still remains one of India’s major digital automotive marketplace players.