Conference Call with CarTrade Tech Management and Analysts on Q2FY25 Performance and Outlook. Listen to the full earnings transcript.
Internet & Catalogue Retail company CarTrade Tech announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: Recorded highest ever Revenue of Rs 172.23 crore in Q2FY25, resulting in growth of 27%. EBITDA for the quarter is at Rs 32.70 crore, resulting in growth of 54%. Adjusted EBITDA for the quarter is at Rs 56.81 crore, resulting in growth of 37%. Profit before tax for the quarter is at Rs 37.14 crore, resulting in growth of 44%. Profit after tax for the quarter is at Rs 30.73 crore, resulting in growth of 509%. H1FY25 Financial Highlights: Recorded highest ever Revenue of Rs 328.59 crore in H1FY25, resulting in growth of 35%. EBITDA for H1FY25 is at Rs 54.28 crore, resulting in growth of 104%. Adjusted EBITDA for H1FY25 is at Rs 99.62 crore, resulting in growth of 38%. Profit before tax for H1FY25 is at Rs 61.30 crore, resulting in growth of 48%. Profit after tax for HFY25 is at Rs 53.62 crore, resulting in growth of 189%. Vinay Sanghi, Chairman and Founder, CarTrade Tech, said: “We are pleased to report a remarkable financial performance for Q2FY25, achieving the highest-ever quarterly revenue of Rs 172 crore, marking a 27% growth year-over-year. This robust quarter-on-quarter performance has resulted in a 44% increase in profit before tax, underscoring the strength and leadership across all segments we operate in. Our results also reflect the operating leverage built into our model, driving a substantial increase in EBITDA by 54% and lifting our profit after tax to Rs 31 crore this quarter." Result PDF
Internet & Catalouge retail company CarTrade Tech announced Q1FY25 results: Financial Highlights: Recorded Total income at Rs 156.36 crore in Q1FY25, resulting in growth of 46%. Adjusted EBITDA for the quarter is at Rs 42.81 crore, resulting in growth of 38%. Profit after tax for the quarter is at Rs 22.90 crore, resulting in growth of 69%. Operating Highlights: Received average monthly unique visitors in Q1FY25, at 70 million, more than 95% of which are organic. The company is now present in 400+ Physical Locations, including Shriram Automall, CarWale abSure and Signature Dealers & OLX India Franchisee. Commenting on the company’s performance, Vinay Sanghi, Chairman and Founder, CarTrade Tech, said, “I'm pleased to report a very good start to the year, with total income registering YoY growth of 46% and Profit After Tax growing by 69%. CarTrade Tech has a strong history of successful M&A; integrations, including the recent integration of OLX India, which is already yielding positive results. Our brands CarWale, BikeWale, Shriram Automall, and OLX India remain leaders in their respective markets. We aim to leverage our brand leadership and technological expertise to explore innovative opportunities, catering to our unique monthly visitor base of 70 million across various platforms.” Result PDF
Conference Call with CarTrade Tech Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.