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.
Internet & Catalogue Retail company CarTrade Tech announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Recorded Total Income at Rs 160.61 crore, resulting in growth of 38%. Adjusted EBITDA for the quarter is at Rs 49.11 crore, resulting in growth of 23%. Profit Before Tax for the quarter is at Rs 29.73 crore, resulting in growth of 30%. Profit After Tax for the quarter is at Rs 24.97 crore, resulting in growth of 43%. FY24 Financial Highlights: Recorded Total Income at Rs 555.23 crore, resulting in a YoY growth of 30%. Adjusted EBITDA for the period is at Rs 164.74 crore, resulting in a YoY growth of 32%. Profit Before Tax for the period is at Rs 98.04 crore, resulting in a YoY growth of 62%. Profit from continuing operations for the period stood at Rs 82.13 crore, resulting in a YoY growth of 103% Commenting on the company’s performance, Vinay Sanghi, Chairman and Founder, CarTrade Tech, said, "Financial year 2024, has been a pivotal year for our company. We are proud to announce our record-breaking quarterly results. We have reached our highest ever quarterly revenue of Rs 161 crore, representing a substantial growth of 38% and a quarterly profit after tax of Rs 25 crore, with a strong 43% growth YoY. The acquisition of OLX India during this period has not only strengthened our leadership position and also paved the way for substantial synergies among OLX India, CarWale, BikeWale, and Shriram Automall. Leveraging our leadership expertise, we are poised to capitalise on numerous opportunities to innovate and cater to our unique monthly visitor base of 70 million across various platforms. Looking ahead, our focus remains steadfast on driving sustainable and profitable growth in the forthcoming years." Result PDF
Conference Call with CarTrade Tech Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.
Internet Catalogue & Retail company CarTrade Tech announced Q2FY24 & H1FY24 results: Q2FY24: Recorded a total income of Rs 330.24 crore in Q2FY24 and net revenue of Rs 147.94 crore in Q2FY24. Adjusted EBITDA for Q2FY24 is at Rs 31.91 crore. PBT for Q2FY24 stood at Rs 15.50 crore. PAT for Q2FY24 stood at Rs 12.97 crore and witnessed a YoY growth of 132% H1FY24: Recorded a total income of Rs 437.16 crore in H1FY24 and net revenue of Rs 254.86 crore in Q2FY24. Adjusted EBITDA for the period is at Rs 62.86 crore, resulting in a YoY growth of 30%. PBT for H1FY24 stood at Rs 31.27 crore. PAT for H1FY24 stood at Rs 26.48 crore and witnessed a YoY growth of 198%. The platforms received 70 million average monthly unique visitors for Q2FY24, of which 90%+ were organic. The number of annualized listings for auctions conducted by Shriram Automall was 1.2 million based on Q2FY24. The volumes sold via auction were 1,05,263 for H1FY24. The company is now present in 350+ Physical Locations, including Automalls, abSure, Signature & OLX outlets. Commenting on the company’s performance, Vinay Sanghi, Chairman and Founder, CarTrade Tech, said, “This has been an important quarter for CarTrade Tech, highlighted by the acquisition and ongoing integration of the OLX India business. Our strategy has involved restructuring the OLX operations to improve our unit economics and ensure that the classifieds business enhances and supports our consumer group business effectively. This strategic move strengthens our leadership in the market, making us the number one auto portal, classifieds platform, and auto auction platform in the country. Our platforms together attract around 70 million unique visitors each month, of which 90% originate organically. This is a testament to the strength of our brands and our dedication to offer a superior customer experience." Result PDF