CarTrade Tech Ltd Reports Highest Ever Quarterly Revenue and Profit in Q4FY24
CarTrade Tech Ltd, an Indian online classifieds and auto auction platform, announced its financial results for the quarter and full year ended March 31, 2024. The company reported a total income of Rs. 160.61 crores in Q4FY24, resulting in a growth of 38%. The adjusted EBITDA for the quarter is Rs. 49.11 crores, showing a growth of 23%. The profit before tax for the quarter is Rs. 29.73 crores, displaying a growth of 30%, and the profit after tax is Rs. 24.97 crores, representing a growth of 43%. The full-year financials revealed a total income of Rs. 555.23 crores, resulting in a Y-O-Y growth of 30%. The adjusted EBITDA for the period stands at Rs. 164.74 crores, representing a Y-O-Y growth of 32%. The profit before tax for the period is Rs. 98.04 crores, exhibiting a Y-O-Y growth of 62%, and the profit from continuing operations is Rs. 82.13 crores, showing a Y-O-Y growth of 103%.
Key Highlights
- Total Income for Q4FY24 was Rs. 160.61 crores, marking a growth of 38%
- Adjusted EBITDA for the quarter is Rs. 49.11 crores, indicating a growth of 23%
- Profit Before Tax for the quarter is Rs. 29.73 crores, reflecting a growth of 30%
- Profit After Tax for the quarter is Rs. 24.97 crores, suggesting a growth of 43%
- Total Income for FY24 was Rs. 555.23 crores, implying a Y-O-Y growth of 30%
- Adjusted EBITDA for the year is Rs. 164.74 crores, representing a Y-O-Y growth of 32%
- Profit Before Tax for the year is Rs. 98.04 crores, demonstrating a Y-O-Y growth of 62%
- Profit from continuing operations for the year is Rs. 82.13 crores, denoting a Y-O-Y growth of 103%