CarTrade Tech Ltd

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

CarTrade Tech's OLX India has partnered with Landmark Cars to create a 'phygital' pre-owned car platform. This alliance integrates Landmark's 140+ physical retail and service centers with OLX India's online platform, aiming to bridge the trust deficit in the used car market. The partnership will offer a seamless customer journey from online discovery to physical inspection, financing, and after-sales support. OLX India will manage the online customer experience and leverage AI for pricing and market insights, while Landmark outlets will serve as 'Experience Centres'. The phased rollout will begin in select cities, expanding nationwide based on performance.

CarTrade Tech's wholly-owned subsidiary, Sobek India Private Limited (OLX India), has launched 'Elite Buyer for Businesses'. This program, designed to enhance the buying and selling experience on the OLX platform, has seen significant growth, adding over 5,000 new buyers daily. The offering provides tools, data, and AI-led intelligence such as VAYA Matchmaking, Price Intelligence, and Condition Check to help professional buyers make faster, more informed procurement decisions across categories like cars, bikes, real estate, electronics, mobiles, and jobs. Varun Sanghi, Chairman of OLX India, expressed confidence in the program's potential, stating it's becoming a meaningful business and aims to make procurement smarter and more efficient for businesses.

CarTrade Tech Limited has announced its 26th Annual General Meeting (AGM) will be held on Friday, September 25, 2026, at 11:00 AM IST via Video Conference (VC) / Other Audio Visual Means (OAVM). The meeting will comply with the Companies Act, 2013, and SEBI Listing Regulations. The Annual Report for the financial year ended March 31, 2026, and the AGM notice have been dispatched electronically to members. Shareholders can also access these documents via a weblink provided to those without registered email addresses. The company offers remote e-voting from September 22 to September 24, 2026, with a cut-off date of September 18, 2026, for eligibility.

CarTrade Tech Ltd has issued letters to shareholders who have not registered their email addresses, providing a weblink to access the Notice of the 26th Annual General Meeting and the Annual Report for FY 2025-26. The AGM is scheduled for September 25, 2026. The company is complying with SEBI Listing Regulations by sending this information to members who haven't provided email details. Shareholders are encouraged to update their email addresses with their Depository Participants for future communications and to support green initiatives. Contact details for the RTA, MUFG Intime India Private Limited, are provided for any queries.

CarTrade Tech Ltd has announced its 26th Annual General Meeting (AGM) will be held on Friday, September 25, 2026, at 11:00 A.M. (IST) via Video Conference (VC)/Other Audio Visual Means (OAVM). The company is complying with the Companies Act, 2013, and SEBI Listing Regulations. The Annual Report for the financial year ended March 31, 2026, and the Notice of the AGM are being sent electronically to members. For shareholders without registered email addresses, a weblink for accessing these documents has been dispatched. Both documents are also available on the company's website and the Registrar and Transfer Agent's website. The AGM will cover resolutions related to e-voting, with remote e-voting commencing on September 22, 2026, and ending on September 24, 2026. The cut-off date for eligibility to vote is September 18, 2026.

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.