CarTrade Financial Results Q2 FY27 – Revenue and Profit Insights
CarTrade has announced its financial results for the second quarter of FY27, showcasing a steady growth of 10% year-on-year in revenue, while profits have remained constant at Rs 66 crore during this period. CarTrade’s revenue from operations reached Rs 213.1 crore in Q2 FY27 compared to Rs 193.4 crore in the same quarter last year, according to unaudited financial results obtained from the National Stock Exchange (NSE).
Quarterly Revenue Performance
On a sequential basis, the revenue increased slightly by 6% during the quarter from Rs 201.2 crore in Q1 FY27. This Mumbai-based company operates in three segments: Consumer, Remarketing, and Classifieds (OLX India). The Consumer segment contributed over 37% of the total operating revenue, generating income of Rs 79.5 crore in Q2 FY27. In contrast, the Remarketing and Classifieds (OLX India) segments brought in Rs 70.3 crore and Rs 70.2 crore respectively, before factoring in Rs 6.9 crore in intersegment revenue eliminations.
OLX India’s Strong Revenue Growth
OLX India experienced a substantial 26% year-on-year growth in revenue and a remarkable 36% rise in EBITDA during the quarter. The company also secured Rs 23 crore from interest on bank deposits, alongside gains from the fair valuation of financial assets and additional sources, resulting in total income of Rs 236.2 crore for Q2 FY27.
First Half Financial Overview
For the initial half of FY27, CarTrade indicated a 13% year-on-year increase in operating income, amounting to Rs 414.3 crore up from Rs 366.5 crore in H1 FY26. Additionally, net profit rose over 10% to Rs 122.9 crore during this timeframe, while EBITDA experienced a notable 30% increase to Rs 139 crore.
Expenditure Insights
Employee benefit expenses accounted for more than 55% of total expenditures, which rose by 8% year-on-year to Rs 83.7 crore in Q2 FY27. When considering finance costs, depreciation, amortisation, and other expenses, the overall expenditure increased by 6% to Rs 150.8 crore during the quarter from Rs 142.2 crore in Q2 FY26. Despite the modest revenue growth, CarTrade indicated a 20% year-on-year rise in EBITDA, reaching Rs 76 crore in Q2 FY27, up from Rs 64 crore in the similar quarter last year.
Profit and Margin Performance
The EBITDA margin improved to 36%, up from 33% in Q2 FY26. Meanwhile, profit before tax grew by 7% to a record Rs 85 crore. However, net profit saw a modest increase of 3% to Rs 66 crore during the quarter compared to Rs 64 crore in Q2 FY26.
User Engagement and Market Presence
According to the company’s press release, CarTrade attracted an average of 76 million unique visitors each month in Q2 FY27, with 96% of this traffic sourced organically. The company operates across more than 500 physical locations, and its remarketing division achieved an annualised run rate of 1.6 million auction listings.
Current Market Status
As of 12:08, CarTrade’s share price fell by over 16% to Rs 2,348, positioning the company’s total market capitalisation at Rs 11,414 crore ($1.2 billion).