CarTrade Tech shares witnessed a sharp fall of more than 10%, even as the company reported a robust set of Q3 earnings with healthy growth across profit, revenue, and operating margins on a year-on-year basis.
CarTrade Tech reported a 31.5% year-on-year rise in net profit for the third quarter, with profit after tax coming in at ₹56 crore compared to ₹42.7 crore in the same period last year. The improvement in profitability reflects better operating leverage and cost efficiencies across its digital auto marketplace businesses.
Revenue for the quarter grew 19% year-on-year to ₹209.7 crore, up from ₹176.2 crore in Q3 of the previous financial year. The growth was supported by steady demand across used and new vehicle platforms, along with improved monetisation in dealer and OEM-related services.
Operating performance remained a key highlight during the quarter. EBITDA surged 56% year-on-year to ₹78 crore from ₹50 crore, indicating strong margin expansion. As a result, EBITDA margin improved sharply to 37.2% from 28.4% a year ago.
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