Latest news with #CarTradeTech
Mint
20 hours ago
- Automotive
- Mint
Multibagger small-cap stock jumps over 12% after firm posts 103% rise in Q1 net profits. Details here
Multibagger small-cap stock: CarTrade Tech Ltd share price jumped over 12% during Monday's stock market session, after the automotive e-commerce platform posted a 103% rise in its April-June quarter net profits for the financial year 2025-26. CarTrade Tech recorded a 103% jump in the consolidated net profits to ₹ 45.12 crore for the first quarter of the financial year 2025-26, compared to ₹ 22.26 crore in the same quarter of the previous financial year. The company's revenues from its core operations jumped a little over 22% to ₹ 173 crore in the April-June quarter, compared to ₹ 141.51 crore in the same period a year ago, contributing to the staggering rise in the quarter's net income. The company's income from all three sources, namely, Consumer, Remarketing, and Classifieds, witnessed an overall rise in the first quarter. CarTrade Tech shares jumped more than 12% to hit an intraday high of ₹ 2,140.50 despite an overall bearish market session where the benchmark indices closed lower for the third consecutive time on Monday, 28 July 2025. The shares of the automotive e-commerce platform closed 8.83% higher at ₹ 2,065.20 after Monday's trading session, compared to ₹ 1,897.70 at the previous stock market close. CarTrade Tech shares have given stock market investors more than 39% returns on their investment in the last five years and over 136% gains in the last one-year period. On a year-to-date (YTD) basis, the stock has jumped 38.51% in 2025 and is trading 9.54% higher in the last five market sessions. The shares hit their 52-week high level at ₹ 2,140.50 on Monday, 28 July 2025, before closing for the day, while the 52-week low level was at ₹ 817.75 on 14 August 2025, according to the data collected from the BSE. The company's market capitalisation (M-Cap) stood at ₹ 9,808.48 crore as of the stock market close on Monday. Read all stories by Anubhav Mukherjee Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
a day ago
- Automotive
- Business Standard
Cartrade spurts as Q1 PAT climbs 106% YoY to Rs 47 cr
Cartrade Tech surged 10.88% to Rs 2,104.25 after the company reported a 105.59% jump in consolidated net profit to Rs 47.06 crore in Q1 FY26 as compared with Rs 22.89 crore in Q1 FY25. Revenue from operations increased 22.27% year-on-year to Rs 173.03 crore in Q1 FY26. During the quarter, profit before tax (PBT) stood at Rs 56.91 crore in Q1 FY26, marking a 132.38% increase compared to Rs 24.49 crore reported in Q1 FY25. EBITDA stood at Rs 43.51 crore in Q1 FY26, up 98% compared to Rs 21.92 crore in Q1 FY25. Total expenses rose by 7.09% to Rs 141.58 crore during the quarter. Employee benefit expenses stood at Rs 75.22 crore, reflecting a 6.51% year-on-year increase. Finance costs amounted to Rs 3.02 crore, up 18.89% YoY, while depreciation and amortization expenses declined by 10.33% YoY to Rs 9.02 crore. On the segment front, revenue from the Consumer Group stood at Rs 66.38 crore, registering a 31.54% year-on-year increase. Revenue from the Remarketing segment was Rs 59.39 crore, while revenue from Classifieds rose 2.38% YoY to Rs 48.14 crore. The company attracted approximately 75 million average monthly unique visitors during Q1 FY26, with 95% of the traffic being organic, highlighting its strong brand equity and content leadership. OLX India sustained its growth momentum, recording a 71% year-on-year increase in profits, driven by operating leverage and integration synergies. Vinay Sanghi, chairman and founder, CarTrade Tech, said, We are pleased to report a strong start to FY26 with Revenue of Rs 198.5 crores, up by 27% year-onyear, and profit after tax of Rs 47.06 crores, growing by 106%. This quarters performance, reflecting our highest ever in both revenue and profit, is a testament to the strength of our ecosystem and the efficiency of our platform-led model. The consistent growth across our Consumer, Remarketing, and OLX India businesses highlights the depth of our offerings and the trust we have built with customers and partners. We remain focused on driving innovation and have recently intensified our AI-led initiatives to enhance customer experience, improve operational efficiency, and enable smarter, data-driven decision-making across platforms. Our continued investments in technology, data science, and automation will play a pivotal role as we scale further and unlock new value across all our digital platform. CarTrade Tech is a multi-channel auto platform with its presence across all vehicle types and value-added services. The platform operates under several brands: CarWale, CarTrade, Olx India, Shriram Automall, BikeWale, CarTrade Exchange and Adroit Auto.
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Business Standard
a day ago
- Automotive
- Business Standard
CarTrade Tech hits all-time high, zooms 146% in 11 months; here's why
CarTrade Tech share price today Shares of CarTrade Tech hit a new high of ₹2,140, soaring 13 per cent on the BSE in Monday's intra-day trade amid heavy volumes after the company's net profit more-than-doubled in the quarter ended June 2025 (Q1FY26). The stock price of the smallcap company surpassed its previous high of ₹1,999.50 touched on July 14, 2025. Thus far in the month of July, the stock has outperformed the market by surging 25 per cent, as compared to 3 per cent decline in the BSE Sensex. In the past 11 months, it has zoomed 146 per cent and 161 per cent from its 52-week low of ₹817.75 touched on August 14, 2024. It has bounced back 528 per cent from its all-time low of ₹341 hit in March 2023. Prior to that, it fell 79 per cent against its issue price of ₹1,618 per share. Currently, CarTrade Tech trades 32 per cent higher when compared with its issue price. The company made its stock market debut on August 20, 2021. Q1FY26 results - CarTrade Tech In Q1FY26, CarTrade Tech, one of India's largest online classifieds and auto auction platforms, reported its highest-ever quarterly revenue of ₹198.50 crore, representing a 27 per cent year-on-year (YoY) growth, and PAT of ₹47.06 crore, up 106 per cent YoY. The consumer group continued to scale profitably, delivering 32 per cent YoY revenue growth and 79 per cent YoY PAT growth. The remarketing business posted robust results with 36 per cent YoY revenue growth and 258 per cent YoY PAT growth. Its group company, OLX India maintained momentum with 71 per cent YoY growth in profits, benefiting from operating leverage and integration synergies. The company attracted ~75 million average monthly unique visitors during Q1FY26, with 95 per cent of the traffic being organic, underlining strong brand equity and content leadership. The management said the company remains focused on driving innovation and have recently intensified our AI-led initiatives to enhance customer experience, improve operational efficiency, and enable smarter, data-driven decision-making across platforms. Crisil Ratings view on used-car volume The sales volume of used cars in India is expected to cross ~6 million units this fiscal driven by value-conscious demand, rising digital adoption and better access to finance. This has lifted the used-to-new ratio in car sales to 1.4 from less than 1 five years ago, with the volume growing more than twice as fast. The market value of these used cars is estimated to be around ₹4 lakh crore, nearly matching that of new car sales. After a tepid 5 per cent volume growth seen between fiscal 2017-24, used vehicle sales grew at a strong ~8 per cent last fiscal and is poised to grow up to 10 per cent this fiscal too. Looking ahead, the used car market is expected to remain structurally steady, but availability of quality inventory will bear watching, Crisil Ratings said. About CarTrade Tech CarTrade Tech is India's largest digital marketplace ecosystem, operating multiple platforms including CarWale, BikeWale, CarTrade, OLX India, Shriram Automall, CarTrade Exchange, and Adroit Auto. These platforms empower millions of users including consumers, dealers, OEMs, and enterprises to buy and sell vehicles, real estate, electronics, mobile phones, furniture, and more with ease and efficiency. With a strong digital footprint, each of their three platforms (CarWale, BikeWale and OLX India) crossed 150 million yearly unique visitors with more than 95 per cent of the traffic being generated organically, and the remarketing business achieved 1.4 million listings for auction in FY25.
Economic Times
a day ago
- Automotive
- Economic Times
CarTrade Tech shares rally 9% to a record high after Q1 profit more than doubles
Shares of CarTrade Tech climbed as much as 9% on Monday, July 28, to a 52-week high of Rs 2,068.85 on the BSE after the company reported a sharp rise in quarterly profit and revenue, driven by growth across all key business segments and higher other income. ADVERTISEMENT CarTrade Tech posted a consolidated net profit of Rs 47.06 crore for the quarter ended June 30, 2025, more than double the Rs 22.90 crore reported in the same quarter last year. Revenue from operations rose to Rs 173.04 crore from Rs 141.52 crore a year ago, according to the company's unaudited financial results approved by its board on Monday. Segment-wise growth The company's revenue is divided into three key verticals, namely Consumer, Remarketing, and Classifieds. In the April–June quarter, Consumer segment revenue stood at Rs 66.38 crore, Remarketing at Rs 59.40 crore, and Classifieds at Rs 48.14 crore. The total segment revenue was Rs 173.92 crore, with intersegment eliminations of Rs 0.88 income contribute meaningfully to the topline during the quarter, rising to Rs 25.46 crore from Rs 15.19 crore a year earlier. This included Rs 6.99 crore from interest on bank deposits, Rs 1.25 crore from gains on fair valuation or sale of financial assets, and Rs 0.40 crore in other interest a standalone basis, CarTrade Tech reported a profit before tax of Rs 29.41 crore and a profit of Rs 22.99 crore for the June quarter. ADVERTISEMENT The stock has gained 36.5% in 2025 so far and is up 139% over the past 12 months. In the last six months alone, it has advanced 51.2%, while the one-month gain stands at 29%. ADVERTISEMENT Technically, the stock is trading above all eight key simple moving averages, from the 5-day to the 200-day, reflecting sustained upward momentum. The Relative Strength Index (RSI) is at 58.1, indicating the stock is neither overbought or oversold. Meanwhile, the MACD is at 72.9 and remains above both the center and signal lines, reinforcing the ongoing bullish trend. Also read | IEX shares slide 9% as market coupling fears continue to drag, brokerages cut targets (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
a day ago
- Automotive
- Time of India
CarTrade Tech shares rally 9% to a record high after Q1 profit more than doubles
Shares of CarTrade Tech climbed as much as 9% on Monday, July 28, to a 52-week high of Rs 2,068.85 on the BSE after the company reported a sharp rise in quarterly profit and revenue, driven by growth across all key business segments and higher other income. CarTrade Tech posted a consolidated net profit of Rs 47.06 crore for the quarter ended June 30, 2025, more than double the Rs 22.90 crore reported in the same quarter last year. Revenue from operations rose to Rs 173.04 crore from Rs 141.52 crore a year ago, according to the company's unaudited financial results approved by its board on Monday. Explore courses from Top Institutes in Please select course: Select a Course Category Cybersecurity MBA others Leadership Healthcare Artificial Intelligence Public Policy Finance Management Design Thinking Data Science Data Science Product Management Project Management Others Digital Marketing Operations Management CXO Skills you'll gain: Duration: 10 Months MIT xPRO CERT-MIT xPRO PGC in Cybersecurity Starts on undefined Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Join new Free to Play WWII MMO War Thunder War Thunder Play Now Undo Segment-wise growth The company's revenue is divided into three key verticals, namely Consumer, Remarketing, and Classifieds. In the April–June quarter, Consumer segment revenue stood at Rs 66.38 crore, Remarketing at Rs 59.40 crore, and Classifieds at Rs 48.14 crore. The total segment revenue was Rs 173.92 crore, with intersegment eliminations of Rs 0.88 crore. Other income contribute meaningfully to the topline during the quarter, rising to Rs 25.46 crore from Rs 15.19 crore a year earlier. This included Rs 6.99 crore from interest on bank deposits, Rs 1.25 crore from gains on fair valuation or sale of financial assets, and Rs 0.40 crore in other interest income. Live Events On a standalone basis, CarTrade Tech reported a profit before tax of Rs 29.41 crore and a profit of Rs 22.99 crore for the June quarter. Strong technical setup The stock has gained 36.5% in 2025 so far and is up 139% over the past 12 months. In the last six months alone, it has advanced 51.2%, while the one-month gain stands at 29%. Technically, the stock is trading above all eight key simple moving averages, from the 5-day to the 200-day, reflecting sustained upward momentum. The Relative Strength Index (RSI) is at 58.1, indicating the stock is neither overbought or oversold. Meanwhile, the MACD is at 72.9 and remains above both the center and signal lines, reinforcing the ongoing bullish trend. Also read | IEX shares slide 9% as market coupling fears continue to drag, brokerages cut targets ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
