Mumbai, January 29, 2025 – CarTrade Tech Limited (NSE: CARTRADE, BSE: 543333) has reported record-breaking financial performance for the third quarter of FY25, posting ₹193 crores in revenue, marking a 27% year-on-year (YoY) growth. The company also recorded ₹46 crores in net profit, a sharp turnaround from a ₹23.55 crore loss in Q3 FY24.
Key Financial Highlights (Q3 FY25 - Consolidated)
- Revenue from Operations: ₹193 crores, up 27% YoY from ₹151.86 crores.
- EBITDA: ₹50.08 crores, reflecting a 98% growth from ₹25.35 crores in Q3 FY24.
- Adjusted EBITDA: ₹70.17 crores, a 62% increase from ₹43.19 crores.
- Profit Before Tax (PBT): ₹53.39 crores, doubling from ₹26.76 crores.
- Net Profit (PAT): ₹45.53 crores, compared to a loss of ₹23.55 crores in Q3 FY24.
Nine-Month Performance (9MFY25 - Consolidated)
- Revenue: ₹521.53 crores, up 32% YoY.
- EBITDA: ₹104.36 crores, a 100% growth.
- Adjusted EBITDA: ₹169.79 crores, up 47% YoY.
- Profit Before Tax (PBT): ₹114.69 crores, a 68% increase.
- Net Profit (PAT): ₹99.16 crores, compared to a loss of ₹4.99 crores in 9MFY24.
Segment-Wise Performance
- Consumer Business: Revenue grew 38%, and PAT rose 172%.
- Remarketing Business: Revenue up 28%, PAT soared 178%.
- OLX India: Profits surged 80% QoQ in Q3FY25.
Operational Highlights
- Unique Monthly Visitors: ~79 million, with 95% organic traffic.
- Physical Presence: Over 450 locations, including Shriram Automall, CarWale abSure, and OLX India Franchisee.
- Digital Reach: CarWale, BikeWale, and OLX India exceeded 150 million annual unique visitors.