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CarTrade’s consolidated net profit rose 3% YoY to ₹66 Cr in Q2 FY27, while operating revenue grew 10% to ₹213.1 Cr. Revenue growth outpaced the 6% rise in expenses, although net profit growth remained muted. Net profit increased 16.2% QoQ, while expenses declined 0.9%. Automotive classifieds company CarTrade reported a consolidated net profit of ₹66 Cr in the September quarter of FY27, up 3% from ₹64.1 Cr a year earlier. Sequentially, profit rose 16.2% from ₹56.8 Cr. Operating revenue increased 10.2% to ₹213.1 Cr from ₹193.4 Cr in Q2 FY26. Sequentially, it rose 5.9% from ₹201.2 Cr. Including other income of ₹23.1 Cr, total income stood at ₹236.2 Cr. Total expenses rose 6% YoY to ₹150.8 Cr but declined 0.9% from ₹152.1 Cr in the preceding quarter. Notably, the preceding June quarter included an exceptional expense of ₹3.1 Cr linked to salary restructuring to comply with the new labour codes. CarTrade reported no exceptional expenses in Q2 FY27. EBITDA rose 20% YoY to ₹76 Cr from ₹63.6 Cr, while EBITDA margin expanded to 36% from 33%. “We delivered our highest-ever quarterly revenue of ₹213 Cr and profit before tax of ₹85 Cr, with EBITDA growing 20% year-on-year. OLX India continued its strong momentum, recording 26% revenue growth and 36% EBITDA growth,” CarTrade Tech chairman and founder Vinay Sanghi said. The company operates platforms spanning vehicle buying, selling, financing, and marketing. Its brands include CarWale, BikeWale, Shriram Automall, Adroit Auto, Mobility Outlook and OLX India. Across its platforms, CarTrade reported about 76 Mn average monthly unique visitors during the quarter, with 96% of traffic coming organically. How The Businesses Performed The consumer business, which includes CarWale, BikeWale and CarTrade, reported operating revenue of ₹79.5 Cr, up 4% YoY from ₹76.2 Cr and 1.8% from ₹78.1 Cr in the June quarter. Including other income, the business’s total income rose 6% YoY to ₹90.5 Cr from ₹85.4 Cr but declined sequentially from ₹91.5 Cr. Net profit increased 13% YoY to ₹32.3 Cr. The remarketing business, comprising Shriram Automall, CarTrade Exchange and Adroit Auto, reported operating revenue of ₹70.3 Cr, up 12% from ₹62.6 Cr a year earlier. Total income increased 14% to ₹78.1 Cr from ₹68.7 Cr, while net profit rose 47% to ₹14.5 Cr. Meanwhile, OLX India reported operating revenue of ₹70.2 Cr, up 26% YoY from ₹55.5 Cr. Including other income, total income grew 8% to ₹74.6 Cr from ₹69 Cr. OLX India’s EBITDA increased 36% YoY to ₹22.5 Cr. However, net profit declined 25% to ₹19.1 Cr as other income fell and tax expenses increased. Shares of CarTrade ended today’s trading session 12.68% lower at ₹2,463 on the BSE.
document fetched 2026-10-29 03:04 · canonical https://inc42.com/buzz/cartrade-q2-profit-rises-3-yoy-to-%e2%82%b966-cr-revenue-up-10