CarTrade Tech Q1 FY27 Income Hits Record ₹230 Crore, EBITDA Surges 45%
CarTrade Tech reported record Q1 FY27 results with Total Income at ₹230 crore, up 16% YoY. EBITDA surged 45% YoY to ₹63 crore, with margins at 31%. Profit After Tax rose 21% YoY to ₹57 crore. OLX India's EBITDA jumped 76% YoY.
The announcement details record financial performance across key metrics and strong growth in all business verticals, which is highly material for investors and stakeholders.
The company reported record-breaking income, significant EBITDA growth, and improved profit margins, indicating strong financial performance and operational efficiency.
CarTrade Tech Limited has announced its unaudited financial results for the first quarter of fiscal year 2027, ending June 30, 2026. The company achieved an all-time high quarterly Total Income of ₹230 crore, marking a 16% year-over-year increase. EBITDA saw a significant surge of 45% year-over-year, reaching ₹63 crore, with an improved EBITDA margin of 31%. Profit Before Tax grew by 31% year-over-year to ₹75 crore, and Profit After Tax increased by 21% year-over-year to ₹57 crore.
The company's business verticals all demonstrated strong performance. The Consumer Group reported an 18% year-over-year revenue growth and a 33% year-over-year EBITDA growth. The Remarketing Business saw a 13% year-over-year revenue increase and a 38% year-over-year EBITDA growth. OLX India experienced substantial growth with a 29% year-over-year revenue increase and a remarkable 76% year-over-year EBITDA jump.
Operationally, CarTrade Tech engaged approximately 80 million average monthly unique visitors during Q1 FY27, with organic traffic constituting 95%. The company's expansive network includes over 500 physical locations nationwide, encompassing Shriram Automall, CarWale abSure, Signature dealerships, and OLX India franchise outlets. Its flagship digital platforms, CarWale, BikeWale, and OLX India, each attract over 150 million annual unique visitors. The remarketing business achieved an annualized run-rate of 1.5 million auction listings.
Mr. Vinay Sanghi, Chairman and Founder of CarTrade Tech, commented, "We are pleased to begin FY27 on a strong note, delivering another quarter of profitable growth. Total income grew by 16% to an all-time high, EBITDA increased by 45%, with EBITDA margins at 31%, and Profit After Tax stood at ₹57 crore. This performance reflects the strength of our diversified business portfolio across Consumer Group, Remarketing and OLX India, supported by disciplined execution, operating leverage and a continued focus on profitable growth. With the launch of VAYA AI, we remain focused on leveraging technology, AI and partnerships to enhance customer experience, improve operational efficiency and create long-term value for our customers, partners and shareholders."
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