CarTrade Financial Results Show Significant Growth in Q2 FY26

CarTrade, a prominent automobile classifieds platform, presented its financial outcomes for the second quarter of FY26 on Tuesday. The results indicate a notable 25% year-on-year revenue increase and a two-fold profit rise compared to Q2 FY25.

Revenue Insights for Q2 FY26

In Q2 FY26, CarTrade’s revenue from operations surged by 25%, reaching Rs 193.41 crore, compared to Rs 154.2 crore in the same quarter last year. The firm’s unaudited financial results, obtained from the National Stock Exchange (NSE), also revealed an additional Rs 28.73 crore in other income, bringing the total income for Q2 FY26 to Rs 222.14 crore.

Segment-wise Revenue Breakdown

The Mumbai-based company operates in three main segments: Consumer, Remarketing, and Classifieds. In Q2 FY26, the Consumer segment generated 39.4% of overall operating income, increasing to Rs 76.24 crore from Rs 55.62 crore in Q2 FY25. The Remarketing segment contributed Rs 62.62 crore, while the Classifieds segment added Rs 55.5 crore during the second quarter of the fiscal year.

Expense Overview

On the expense side, employee benefits constituted 55% of total expenditure, rising by 11% to Rs 77.5 crore during this period. Including other costs, CarTrade’s overall expenses saw a modest increase of 5%, amounting to Rs 142.2 crore in Q2 FY26.

Profit Growth Analysis

The company’s impressive 25% year-on-year increase in operating revenue, along with well-managed expenses, led to a doubling of profit, which stood at Rs 64 crore in Q2 FY26, up from Rs 30.7 crore in the same period last year.

Half-Yearly Financial Performance

When assessed on a half-yearly basis, CarTrade’s revenue showcased a 24% year-on-year increase, reaching Rs 366.45 crore. Profit more than doubled, amounting to Rs 111.13 crore.

Leadership Changes and ESOPs Announcement

In a different exchange filing, the firm revealed the appointment of Varun Sanghi as its Chief Strategy Officer (CSO) along with other senior management personnel. Additionally, CarTrade announced the issuance of new employee stock options (ESOPs), providing 60,000 options to eligible staff under its ESOP 2021 (I) scheme. Based on the current share price of Rs 2,830, the newly granted ESOPs are valued at around Rs 16.98 crore.