Internet & Catalogue Retail company CarTrade Tech announced Q1FY24 results: Recorded quarterly revenue at Rs 106.91 crore in Q1FY24. Adjusted EBITDA for Q1FY24 is at Rs 30.95 crore resulting in a YoY growth of 74%. PBT for Q1FY24, stood at Rs 15.77 crore resulting in a YoY growth of 316%. PAT for Q1FY24, stood at Rs 13.51 crore and witnessed a YoY growth of 307%. CarTrade Tech received 34 million average monthly unique visitors for Q1 FY24, of which 85% were organic. The number of listings for auction was 2,50,103 for Q1FY24. The volumes sold via auction were 49,112 for Q1FY24. Commenting on the company’s performance, Vinay Sanghi, Chairman and Founder, CarTrade Tech, said, “I am happy to report that we are amongst a few internet companies that continue to grow and are profitable. In Q1FY24, we achieved quarterly revenue of Rs 106.91 crore, an 18% YoY growth. Our PAT for Q1FY24 stood at Rs 13.51 crore representing more than a 300% YoY growth and continues to outpace our revenue growth, as we have an asset-light and scalable business model. Our robust brands manifest their strength by being leaders in Google Trends and our huge average monthly unique visitor count of 34 million, 85% of which originates organically.” Result PDF
Conference Call with CarTrade Tech Management and Analysts on Q4FY23 Performance and Outlook. Listen to the full earnings transcript.
Internet & Catalogue Retail company CarTrade Tech announced Q4FY23 & FY23 results: Q4FY23: Recorded highest-ever quarterly revenue at Rs 116.60 crore in Q4FY23 Recorded quarterly Adjusted EBITDA at Rs 39.83 crore in Q4FY23 PBT for Q4FY23 at Rs 22.88 crore For Q4FY23 the Adjusted PAT stood at Rs 28.09 crore For Q4FY23 the PAT stood at Rs 17.49 crore FY23: Annual revenue for FY23 stood at Rs 427.72 crore. Increase in revenue by 19% YoY as compared to FY22. Adjusted EBITDA for FY23 is at Rs 124.92 crore resulting in a YoY growth of 28% PBT for FY23 stood at Rs 60.57 crore Adjusted PAT for FY23 stood at Rs 80.00 crore with YoY growth of 42% PAT for FY23 stood at Rs 40.43 crore Commenting on the company’s performance, Vinay Sanghi, Chairman and Founder, CarTrade Tech, said, "I am happy to report that we are among a few internet companies that continue to grow and are profitable. We recorded our highest-ever quarterly revenue of Rs 116.60 crore in Q4FY23. Our annual revenue is Rs 427.72 crore and PAT for FY23 stood at Rs 40.43 crore. Adjusted EBITDA is at Rs 124.92 crore and its growth of 28% has outpaced our revenue growth, as we run an asset-light and scalable business model. We are a debt-free profitable company and have surplus liquidity of over Rs 1,110 crore which will allow us to invest in widening our offerings towards providing a seamless Phygital experience to all our users. The strength of our brand and its high brand recall value is evident in our large average monthly unique visitor base of 34 million of which 86% is organic". Result PDF
Conference Call with CarTrade Tech Management and Analysts on Q3FY23 Performance and Outlook. Listen to the full earnings transcript.