Synopsis:
CarTrade Tech reported Rs. 173 crore revenue and Rs. 47 crore net profit in Q1 FY26, up 22 percent and 106 percent YoY, respectively, driven by strong growth across Consumer, Remarketing, and Classifieds segments.
During Monday’s trading session, shares of India’s largest digital marketplace ecosystem jumped around 13 percent to a record high at Rs. 2,140.5 on BSE, after reporting robust financial results for Q1 FY26 with a net profit growth of around 106 percent YoY.
At 12:34 p.m., shares of CarTrade Tech Limited were trading in the green at Rs. 2,094.5 on BSE, up by nearly 10 percent, as against its previous closing price of Rs. 1,897.7, with a market cap of Rs. 9,947.6 crores. The stock has delivered multibagger returns of more than 135 percent in the last one year, and has gained by about 23 percent in the last one month.
What’s the News
According to the latest regulatory filings on the stock exchanges, CarTrade Tech Limited announced the financial results for Q1 FY26 on Monday during market hours.
For Q1 FY26, CarTrade Tech reported a consolidated revenue from operations of Rs. 173 crores, marking around a 2 percent QoQ growth compared to Rs. 169.5 crores in Q4 FY25, and a year-on-year increase of about 22 percent from Rs. 141.5 crores recorded in Q1 FY25.
The company’s net profit for the quarter stood at Rs. 47 crores, reflecting a marginal growth of around 2 percent QoQ compared to Rs. 46 crores in Q4 FY25, and a year-on-year impressive rise of about 106 percent from Rs. 23 crores recorded in Q1 FY25.
CarTrade runs its business through three key business segments. Its core segment—Consumer—remained the primary revenue driver, contributing Rs. 66.4 crore in Q1 FY26, accounting for 38 percent of total revenue. In Q1 FY26, this segment recorded a 32 percent YoY revenue growth, while a 79 percent YoY PAT growth.
Meanwhile, the Remarketing segment followed, bringing in Rs. 59.4 crore or 34 percent of revenue, and the Classifieds segment added Rs. 48 crores, making up the remaining 28 percent of the company’s revenue.
The Remarketing Business posted robust results with 36 percent YoY revenue growth and 258 percent YoY PAT growth. Additionally, OLX India maintained momentum with 71 percent YoY growth in profits, benefiting from operating leverage and integration synergies.
CarTrade attracted ~75 million average monthly unique visitors during Q1 FY26, with 95 percent of the traffic being organic, showcasing strong brand equity and content leadership.
CarTrade Tech now has a footprint in more than 500 physical locations, while its leading digital platforms—CarWale, BikeWale, and OLX India—each cater to over 15 crores annual unique visitors, underscoring the scale and depth of engagement across the Indian auto ecosystem.
As of Q1 FY26, OLX holds a 37 percent market share in the used products segment, covering categories like cars, bikes, electronics, furniture, fashion, and mobiles. As per the June 2025 shareholding patterns, Nikhil and Nithin Kamath via Zerodha Broking hold a 1.17 percent stake in the company.
CarTrade Tech Limited operates an automotive digital ecosystem which connects automobile customers, OEMs, dealers, banks, insurance companies and other stakeholders.
The company owns and operates under several brands: CarTrade, CarWale, Shriram Automall, BikeWale, CarTradeExchange, Adroit Auto, OLX India and Lead To Retail (L2R). Through these platforms, CarTrade enables new and used automobile customers, vehicle dealerships, Automotive Manufacturers (OEMs) and other businesses to assist dealers in buying and selling their vehicles.
Written by Shivani Singh
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