Synopsis: Cartrade Tech Limited reported a strong Q2FY26 performance, with net profit up by 108.56 percent year-on-year and 36.14 percent higher than Q2FY25.
The shares of a small-cap company providing services across multiple vehicle types and offering various value-added solutions attracted investor attention following the release of its Q2FY26 results and updates.
With a market capitalization of Rs.13,916.41 crores, the shares of Cartrade Tech Limited closed at Rs.3,129.95, up by 17.50 percent from its previous day closing price of Rs.2,663.90. The stock made a high of Rs.3,182.35, up by 19.46 percent from the closing price.
Q2FY26 Results
Cartrade Tech Limited posted revenue of Rs.193.41 crore in Q2FY26, up by 25.42 percent from Rs.154.20 crore in Q2FY25, and up by 11.77 percent compared to Rs.173.03 crore in Q1FY26.
The company’s net profit stood at Rs.64.07 crore in Q2FY26, rising to 108.56 percent from Rs.30.72 crore a year ago and up by 36.14 percent from Rs.47.06 crore in Q1FY26.
It reported its strongest financial performance to date, with all three business segments achieving record revenue and profit. Total revenue rose 29 percent year-on-year to Rs.222 crore, while net profit more than doubled to Rs. 64 crore. It is serving over 150 million users across CarWale, BikeWale, and OLX.
The consumer group led the growth, posting a 37 percent revenue increase and 82 percent profit rise year-on-year, along with a 40 percent EBITDA margin in Q2.
The remarketing business saw revenue grow 23 percent and profit 30 percent year-on-year. OLX India continued its upward trend, with 17 percent revenue growth and a 213 percent jump in profit, achieving a 30 percent EBITDA margin for the quarter.
Cartrade Tech Limited runs a digital automotive ecosystem linking car buyers, OEMs, dealers, banks, insurance providers, and other stakeholders. Operating under brands like CarTrade, CarWale, and AutoBiz, it allows individuals and businesses to efficiently buy and sell new and used vehicles through its platforms.
Written By: Jhanavi Sivakumar
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