CarTrade Tech Q3 Results: Revenue jumps 19% YoY to Rs 209.7 crore, net profit up 31.5% | Business Upturn

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CarTrade Tech delivered a strong set of numbers for the third quarter, reporting robust growth across profitability and operating margins, supported by higher revenues and improved cost efficiencies.

For Q3, CarTrade Tech reported a net profit of ₹56 crore, marking a sharp 31.5% increase compared with ₹42.7 crore in the corresponding quarter last year. Revenue for the quarter rose 19% year-on-year to ₹209.7 crore, up from ₹176.2 crore in Q3 last year.

Operating performance remained the key highlight. EBITDA jumped 56% to ₹78 crore from ₹50 crore a year ago, significantly outpacing revenue growth. As a result, EBITDA margin expanded sharply to 37.2% in Q3, compared with 28.4% in the same period last year, indicating sustained iprovement in operating efficiency and scalability of the business model.

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TOPICS: CarTrade Tech