CarTrade Tech, the leading Indian online auto marketplace that operates platforms like CarWale, BikeWale, OLX India, and physical auto services under Shriram Automall and CarWale abSure, has announced its strongest-ever quarterly financial performance for Q1 FY26 ended June 30, 2025. The company’s consolidated net profit after tax (PAT) jumped by a remarkable 106% year-on-year (YoY) to Rs 47.06 crore, more than doubling from Rs 23 crore in the same quarter last year.
Robust Revenue and Expanding Business Segments Fuel Growth
CarTrade Tech’s revenue from operations rose 22% YoY to Rs 173 crore in Q1 FY26, up from Rs 142 crore in Q1 FY25. Total income, which includes other income streams like investments and interest, increased by 27% to Rs 198.50 crore.
The company credits this strong growth across all three core business verticals—Consumer, Remarketing, and Classifieds. The Consumer group, focused on retail-facing platforms and services, delivered a 32% YoY revenue increase alongside a 79% jump in PAT. The Remarketing segment, which handles vehicle auctions and enterprise resale channels, showed even more robust gains, with revenue rising 36% and PAT surging an impressive 258%. OLX India, acquired in 2023, continued its integration success with a 71% rise in profits, showcasing effective synergy capture.
Operational Highlights and Market Footprint
The company’s EBITDA nearly doubled, rising 98% YoY to Rs 43.51 crore, reflecting strong operating leverage and improving margins expanded to 25% from 15% a year ago.
Profit before tax soared 132% to Rs 56.91 crore.
Total expenses increased modestly by 7% to Rs 141.6 crore, while employee benefit costs grew by just 7% to Rs 75.22 crore, indicating efficient cost management.
CarTrade Tech’s platforms drew approximately 75 million average monthly unique visitors in the quarter, with 95% of traffic being organic. Combined annual unique visitors exceeded 150 million, highlighting their market leadership in digital automotive marketplaces.
Remarketing auction listings ran at an annualized rate of 1.4 million, underscoring the segment’s volume growth.
OLX India maintained a strong market share in classifieds and recorded a significant increase in EBITDA despite a modest revenue rise.
Strategic Vision and Technology Focus
Vinay Sanghi, Chairman and Founder, stated the company’s record quarterly results reflect the power of their ecosystem and platform-driven model. He emphasized ongoing investments in artificial intelligence (AI) to elevate user experience, enhance operational efficiency, and enable smarter data-driven decision-making across CarTrade’s digital suite. This focus on tech innovation is expected to propel further growth and unlock new value streams going forward.
Indian Market Impact and Future Outlook
CarTrade Tech’s breakthrough Q1 FY26 results exhibit strong resilience and expansion in India’s digital automotive ecosystem. Their broad product portfolio spanning vehicle classifieds, auctions, retail services, and digital innovations positions them as a critical enabler in the evolving used car and bike market. The company’s disciplined cost structure and focus on AI-driven growth align well with market demands for efficient and intelligent platforms.
The significant profit jump and operational momentum have triggered positive market reactions, with CarTrade Tech shares hitting record highs recently.
As the company gears up for the upcoming quarters in FY26, ongoing investments in technology and scalable business models hold promise to sustain accelerated growth and enlarge their leadership footprint in India’s fast-growing auto-tech sector.