Cartrade Tech Limited (CARTRADE) Q2 FY27 Financial Results: PAT ₹57 & Revenue ₹230 Cr(2 announcements)

Investor Takeaways

Overall Tone: Positive

Key Financial Highlights

What Changed

CarTrade Tech delivered record financial performance in Q1 FY27, reporting all-time high total income of ₹230 Cr, a 16% year-on-year increase. The growth was broad-based, with Consumer Group revenue up 18% YoY, Remarketing revenue rising 13% YoY, and OLX India revenue surging 29% YoY. This top-line expansion was accompanied by a significant 45% YoY jump in EBITDA to ₹63 Cr, reflecting improved cost management and operational leverage. Profit after tax (PAT) grew 21% to ₹57 Cr, while operating profit margin (OPM) expanded sharply to 27.39% from 15.29% in the same quarter last year. The margin improvement was consistent across all business verticals, underscoring the company’s ability to convert revenue growth into profitable outcomes. Earnings per share (EPS) also showed strong growth, aligning with the PAT trajectory. The results were supported by robust performance in high-growth segments, particularly OLX India, which contributed significantly to the revenue surge. The company’s financial position remains healthy, with no indication of capital expenditure pressure or liquidity concerns in the filing. The strong quarterly performance has reinforced investor confidence in the company’s scalable business model and execution capabilities.

Peer Comparison

CarTrade Tech’s P/E ratio of 74.88 is comparable to Trent Limited’s 75.43 but significantly lower than ETERNAL’s 317.34 and DMART’s 104.25, suggesting relatively more reasonable valuation relative to earnings among peers. The company’s market capitalization of ₹8,745.91 Cr positions it as a mid-to-large cap player in the consumer services space, with valuation metrics indicating moderate market expectations compared to high-growth peers.

Risks & Concerns

Quarterly Trend

The quarterly trend reveals a consistent upward trajectory in revenue, profit, and OPM over the last four quarters. Revenue grew from ₹141.18 Cr in Q1FY25 to ₹230 Cr in Q1FY27, while PAT increased from [amount not verified] to ₹57 Cr over the same period. OPM expanded from 15.29% to 27.39%, indicating accelerating profitability. The growth pattern is steady and accelerating, with each successive quarter showing improved margins and bottom-line performance. The company has maintained momentum through multiple quarters, with Q1 FY27 representing the culmination of sustained operational improvement. The trend reflects effective scaling of operations and efficient revenue generation across all business segments.

About Cartrade Tech Limited (CARTRADE)

Consumer Services · Retailing · Listed on NSE

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