Cartrade Tech Limited has informed the Exchange about Transcript
CARTRADE · price
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CarTrade Tech reported its highest-ever quarterly revenue of INR199 crores (up 27% YoY) and profit after tax of INR47 crores (up 106% YoY) in Q1 FY26. Consolidated EBITDA margin expanded sharply to 25% from 15% a year ago, driven by strong operating leverage. The consumer group (CarWale, BikeWale) grew 32% in revenue with 29% EBITDA margin, the remarketing/auction business (Shriram Automall) grew 36% with PAT up 258%, and OLX posted its highest-ever revenues with profits up 71%. Cash on the balance sheet stands at INR1,024 crores. Management noted employee costs are largely fixed with annual increments already absorbed in Q1, so costs should stay stable while revenue growth flows to margins.
Strong all-round performance with margin expansion, robust cash generation, and clear path for further operating leverage as revenues grow. This is positive for shareholders — management hinted cash could be used for M&A or returned to shareholders in the future, while the cost base is largely locked in, supporting continued margin expansion in coming quarters.