Highlights
CarTrade Reports Q3 FY25 Financial Results
Automobile classifieds platform CarTrade announced its financial performance for the third quarter of the current fiscal year (Q3 FY25) on Wednesday. The company experienced a significant 26% year-on-year revenue increase compared to Q3 FY24, reflecting a notable improvement in its profitability.
CarTrade’s operational revenue rose by 26.6%, reaching Rs 176 crore in Q3 FY25 compared to Rs 139 crore in Q3 FY24. This information is derived from the company’s unaudited consolidated financial results as reported to the National Stock Exchange (NSE).
Segment Performance
The Mumbai-based firm operates across three distinct segments: Consumer, Remarketing, and Classifieds. The contribution from the consumer segment represented 39% of the total operating revenue, increasing to Rs 68 crore in Q3 FY25 from Rs 50 crore in Q3 FY24. The revenue from the remarketing and classifieds segments was Rs 58 crore and Rs 50 crore, respectively, during the third quarter of the current fiscal year.
Additionally, CarTrade generated Rs 17 crore from other non-operating ventures, bringing its total revenue to Rs 193 crore in Q3 FY25, compared to Rs 152 crore in Q3 FY24.
Expense Overview
In terms of expenditures, employee benefit costs accounted for 53% of the total expenses, which increased modestly by 7.3% to Rs 73 crore during this period. This total also encompassed share-based expenses of Rs 3.36 crore. Overall, CarTrade’s expenses rose by 12%, amounting to Rs 140 crore in Q3 FY25 up from Rs 125 crore in Q3 FY24.
Profitability Achieved
The combination of robust growth and managed costs allowed CarTrade to reverse its fortunes, reporting a net profit of Rs 45.5 crore in Q3 FY25, in contrast to a loss of Rs 23.5 crore in Q3 FY24. Over the first nine months of the ongoing fiscal year, the company recorded a revenue of Rs 472 crore and a net profit of Rs 99 crore.
Market Performance
Today, CarTrade’s share price rose by 4.78%, trading at Rs 1,433.3 (as of 12:47), with a total market capitalization of Rs 6,789 crore or $800 million.