
CosmicTaco
CarTrade Sees Robust 106% Q1 Profit Surge
- CarTrade's consolidated profit after tax jumped 106% in Q1 FY26, reaching INR 47 Cr, driven by strong revenue and EBITDA growth.
- Operating revenue rose by 22% year-on-year, hitting INR 173 Cr, primarily fueled by growth in the core consumer group business.
- EBITDA for the quarter surged 98% with an improved margin of 25%, reflecting a boost in operational efficiency.
- Diverse revenue streams include consumer group, remarketing, and OLX India, showcasing a well-rounded growth strategy.
- Recent earnings boost CarTrade shares by 10.36%, underscoring investor confidence in the company's growth trajectory.
Source: Inc42
9d ago
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