CarTrade Tech Limited, one of India’s leading online auto classifieds and auction platforms, announced a strong financial performance for Q2FY25. The company reported its highest-ever quarterly revenue of ₹172.23 crores, reflecting a 27% year-on-year (YoY) growth, along with a substantial increase in profitability. Profit after tax surged by 509% to ₹30.73 crores for the quarter. The company also reported significant improvements in its EBITDA, which grew by 54%, highlighting the operating leverage built into its model.
Key Highlights – Q2FY25:
- Total income: ₹172.23 crores, up 27% YoY.
- EBITDA: ₹32.70 crores, reflecting a 54% YoY growth.
- Adjusted EBITDA: ₹56.81 crores, a 37% YoY growth.
- Profit before tax: ₹37.14 crores, an increase of 44%.
- Profit after tax: ₹30.73 crores, marking a massive 509% YoY surge.
Key Highlights – H1FY25:
- Total income: ₹328.59 crores, a growth of 35% YoY.
- EBITDA: ₹54.28 crores, reflecting a 104% increase YoY.
- Adjusted EBITDA: ₹99.62 crores, a growth of 38%.
- Profit before tax: ₹61.30 crores, a 48% YoY increase.
- Profit after tax: ₹53.62 crores, showing a 189% YoY growth.
Vinay Sanghi, Chairman and Founder of CarTrade Tech, expressed satisfaction with the company’s outstanding performance, stating, “We are pleased to report a remarkable financial performance for Q2FY25, achieving the highest-ever quarterly revenue of ₹172 crores, marking a 27% growth year-over-year. This robust quarter-on-quarter performance has resulted in a 44% increase in profit before tax, underscoring the strength and leadership across all segments we operate in.”
The company’s consistent revenue growth, strong operational performance, and a focus on leveraging its business model continue to strengthen its market leadership.
