Automobile classifieds portal CarTrade has announced its financial performance for the third quarter of the current fiscal year, Q3 FY26, on Wednesday. The platform experienced a 19% increase in revenue compared to the same period last year, with profits surpassing the Rs 50 crore milestone. CarTrade’s operational revenues reached Rs 210 crore in Q3 FY26, rising from Rs 176 crore in Q3 FY25, according to the firm’s unaudited financial results published by the National Stock Exchange (NSE). The company’s total income for Q3 FY26 escalated to Rs 228 crore, up from Rs 193 crore in Q3 FY25.
Highlights
Performance Across Segments
The Mumbai-based company operates through three main segments: Consumer, Remarketing, and Classifieds. Revenue from the consumer segment accounted for 41% of total operating revenue, which increased to Rs 86 crore in Q3 FY26. Revenue from the remarketing segment was Rs 66 crore, while the classifieds segment generated Rs 59 crore during the third quarter of the fiscal year.
Expenses Overview
On the expenses side, employee benefits constituted 53% of total costs, which saw a slight rise of 4% to Rs 76 crore during the quarter. Taking into account additional costs, CarTrade’s overall expenses climbed 3% to Rs 144 crore in Q3 FY26, compared to Rs 139.5 crore in Q3 FY25.
Net Profit Performance
This strong revenue growth along with managed expenses allowed CarTrade to boost its net profit to Rs 61.5 crore in Q3 FY26, up from Rs 45.5 crore during the same quarter last year. Nonetheless, on a sequential basis, the company’s profit dipped by 4% from Rs 64 crore in Q2 FY26.
Merger Discussions with CarDekho
CarTrade was in initial talks with CarDekho regarding a potential merger in India’s automotive classifieds sector, but both firms mutually decided to terminate the proposed consolidation.
Current Market Status
As of 11:36 AM, CarTrade’s share price is trading at Rs 2,333, with a total market capitalisation of Rs 11,163 crore (approximately $1.2 billion).
