Internet & catalogue retail firm CarTrade Tech announced Q3FY23 results: Q3FY23: CarTrade Tech received 35 million average monthly unique visitors for Q3FY23, of which 88% was organic The number of listings for auction was 2,68,506 for Q3FY23 The volumes sold via auctions were 59,202 in Q3FY23 As of December 31, 2022, the company had a network of 73 CarWale abSure outlets in 33 cities. 9MFY23: Increase in revenue by 23% YoY as compared to nine-month period ended December 31, 2021. Recorded highest-ever quarterly revenue at Rs 115.86 crore in Q3FY23 Adjusted EBITDA for the nine-month period ended December 31, 2022, is at Rs 85.08 crore resulting in a YoY growth of 30%. Recorded highest-ever quarterly Adjusted EBITDA at Rs 36.60 crore in Q3FY23 Adjusted PAT for the nine-month period ended December 31, 2022, stood at Rs 51.90 crore with YoY growth of 43%. For Q3FY23 the adjusted PAT stood at Rs 24.05 crore. PAT for the nine-month period ended December 31, 2022, stood at Rs 22.94 crore. For Q3FY23 the PAT stood at Rs 14.05 crore. Commenting on the company’s performance, Mr. Vinay Sanghi, Chairman, and Founder, CarTrade Tech, said, “In Q3FY23 we had our highest ever quarterly revenue at Rs 115.86 crores and highest ever quarterly adjusted EBITDA at Rs 36.60 crore. In the nine-month period ended December 31, 2022, on a consolidated basis, the company reported Rs 311 crore of revenues, registering a 23% YoY growth. Our Adjusted EBITDA growth of 30% in the nine-month period outpaced our revenue growth, as we run an asset-light and scalable business model. We are one of the few profitable Internet companies and our PAT for the three-month period ended December 31, 2022, stood at Rs 14.05 crore. Our profitable business model and surplus liquidity of over Rs 1,000 crore will allow us to invest in widening our offerings towards providing a seamless Phygital experience to all our users.” Result PDF
Internet and catalogue retail company CarTrade Tech announced Q2FY23 results: Increase in revenue by 30% YoY as compared to H1 FY22 Adjusted EBITDA for the H1 FY23 is at Rs. 48.48 crores resulting in a YoY growth of 47% Adjusted PAT for the half year ended Sept 30, 2022, stood at Rs. 27.85 crores with YoY growth of 80% PAT for the half year ended Sept 30, 2022, stood at Rs. 8.90 crores Commenting on the company’s performance, Mr. Vinay Sanghi, Chairman and Founder, CarTrade Tech, said, “In H1 FY23 on a consolidated basis, the company reported Rs 195 crores of revenues, registering a 30% YoY growth. This growth was driven by a 39% surge in the revenues of our Consumer Group and 25% increase in revenues of our Remarketing business. Our Adjusted EBITDA growth of 47% outpaced our revenue growth, reflecting our vision of creating profitable growth on the back of an asset light and scalable business model. Our profitability and surplus liquidity of over Rs. 10 billion allow us to invest in widening our offerings towards providing a seamless phygital experience to all our users. We are working on a slew of new product initiatives to enhance the process of digital buying and selling of vehicles by enabling a one click experience on our platforms in collaboration with OEMs, Banks, NBFCs, Dealers, Insurance companies and other ecosystem players.” Result PDF
Conference Call with CarTrade Tech Management and Analysts on Q1FY23 Performance and Outlook. Listen to the full earnings transcript.
Conference Call with CarTrade Tech Management and Analysts on Q4FY22 Performance and Outlook. Listen to the full earnings transcript.