CarTrade Tech Ltd

CarTrade Tech Ltd announced that its Board of Directors, in a meeting held on July 29, 2026, approved the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The financial results, along with the limited review report from statutory auditors, have been submitted. The company also confirmed that these results will be available on their corporate website. The review report indicates that based on the procedures performed and reports from other auditors, nothing has come to their attention to suggest material misstatements in the accompanying financial statements prepared in accordance with Indian Accounting Standards.

CarTrade Tech Ltd has announced the appointment of M/s MGB & Co. LLP, Chartered Accountants, as its Internal Auditors for the Financial Year 2026-27. The decision was approved by the Audit Committee and the Board of Directors at their meeting held on July 29, 2026. MGB & Co. LLP, a multidisciplinary firm with 46 years of experience, will conduct internal audits, assurance, taxation, and IFRS services. This re-appointment is in compliance with the Companies Act 2013 and SEBI Listing Regulations. Further details are available on the company's website.

CarTrade Tech Limited reported its highest-ever quarterly Total Income of ₹230 crore for Q1 FY27, a 16% year-over-year increase. EBITDA surged 45% YoY to ₹63 crore, with an improved EBITDA margin of 31%. Profit Before Tax grew 31% YoY to ₹75 crore, and Profit After Tax increased 21% YoY to ₹57 crore. All business verticals, including Consumer Group, Remarketing, and OLX India, demonstrated strong revenue and profit growth. The company also highlighted operational strengths, including high average monthly unique visitors and an expanding physical presence across India.

CarTrade Tech reported a strong first quarter on a year-on-year basis. Consolidated revenue from operations rose to ₹201.2 Cr, up 16.3% YoY, and profit after tax (incl. minority) came in at ₹56.8 Cr, up 20.6% as reported — and roughly +27% adjusted for a ₹3.08 Cr Labour-Codes salary-restructuring charge booked as an exceptional item this quarter (the year-ago quarter had none). The sequential optics are misleading: PAT is down ~20% QoQ and revenue is flat (-1%), but Q4FY26's PAT was inflated by a ₹7.58 Cr earlier-year tax write-back, and this quarter carries the exceptional charge plus a higher effective tax rate of 23.8% (vs 17.3% a year ago). Stripping those out, PBT before exceptional item grew 36.3% YoY to ₹77.6 Cr. The operating engine was broad-based. Total segment result climbed 45.5% YoY to ₹68.9 Cr, lifting the operating margin to ~34% from ~27% a year ago, with all three segments both growing revenue and expanding profitability. Classifieds (OLX) led — revenue +29.2% and segment result +66.5% YoY — consistent with the AI-monetisation push management flagged (OLX Elite Buyer crossed 80,000 sign-ups in May). Consumer grew revenue 17.7% with result up 38.3%, and Remarketing grew 13.2% with result up 37.6%. The gap between ~45% operating-profit growth and ~21% reported PAT growth is almost entirely the tax step-up and the one-off charge, not any weakness in the business. Against the Q4FY26 concall — where management guided for continued momentum and margin expansion across all segments — this print delivers exactly that. On the long-term ambition to lift PAT from ₹243 Cr toward ~₹1,000 Cr over four to five years, Q1 annualises to roughly ₹227 Cr, on the base. There is no published quarterly consensus, but FY27 EPS consensus sits near ₹44.5 (UBS carries a ₹4,000 target and sees 15-20% upside to Street earnings on faster OLX/auto-ads monetisation); Q1 basic EPS of ₹10.69 (vs ₹9.03 YoY) annualises to ~₹42.8, broadly on track. Alongside results, the board flagged a Spinny partnership to deepen the used-car marketplace and had launched the unified CarTrade Used Auto platform in June; on the register, MacRitchie sold a 0.64% stake ahead of the print. The results were approved unaudited on July 29 with an analyst call the same day.

CarTrade Tech Limited has announced a strategic partnership with Spinny, a leading full-stack used-car platform. This collaboration aims to transform the used car buying and selling experience in India. Consumers selling cars on CarWale and OLX India will benefit from a differentiated selling experience, while Spinny will offer quality-assured used cars on these platforms. The partnership leverages CarTrade's extensive user base and technology, including its VAYA AI, with Spinny's operational capabilities. Over 23 million consumers annually use OLX India and CarWale to buy or sell used cars, and this integration is expected to simplify and enhance the customer journey.

CarTrade Tech Limited has announced that its Board of Directors will convene on July 29, 2026. The primary agenda item is to consider and approve the unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026. The company also confirmed that the trading window for designated persons, which closed on July 1, 2026, will remain shut until 48 hours after the declaration of these financial results, extending to July 31, 2026.

MacRitchie Investments Pte Ltd has disclosed a sale of 3,04,529 equity shares, representing 0.64% of the total share capital, in CarTrade Tech Limited. The transaction occurred via the open market on July 14, 2026. Following the sale, MacRitchie Investments' holding in CarTrade Tech has reduced from 8.39% to 7.75% of the total share capital. The disclosure is made under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The total diluted share capital of CarTrade Tech remains unchanged.

CarTrade Tech Limited has responded to a BSE query regarding unusual volume movement in its shares. The company stated that there is no undisclosed information or announcement that could be influencing the stock's volume behavior. CarTrade Tech affirmed its commitment to timely disclosures as per SEBI Listing Regulations, confirming that all relevant information has been disclosed in the past.

CarTrade Tech Limited has announced the closure of its trading window for dealing in the company's securities. This closure will be effective from Wednesday, July 01, 2026, and will remain in effect until 48 hours after the declaration of the un-audited standalone and consolidated financial results for the quarter ending June 30, 2026. During this period, designated persons and their immediate relatives are prohibited from trading in the company's securities. The specific date for the board meeting to approve these financial results will be communicated later.

CarTrade Tech Limited has launched CarTrade Used Auto, a new platform aimed at consolidating India's used-car ecosystem. This initiative integrates the strengths of CarWale and OLX India to offer a unified, technology-driven, and asset-light solution covering the entire transaction journey: Buy, Sell, Exchange, and Finance. The platform supports various transaction types including B2C, C2B, and C2C, and offers services like matchmaking, pricing, and condition checks through its SuperDost feature. With India's used-car market projected to reach 9.5-10 million transactions by 2030, CarTrade Used Auto aims to facilitate 2 million transactions annually, with a potential transaction value of ₹1.2 lakh crore. The company also plans to build a digital marketplace for used-car loans in an asset-light manner through partnerships with banks and NBFCs.