Cartrade Tech Limited — Updates, 29-01-2025: Press Release

CarTrade Tech reported robust financial results for Q3 and the nine months ending December 31, 2024. Revenue surged by 27% to ₹192.94 crores, while EBITDA nearly doubled, increasing by 98% to ₹50.08 crores. Profits also showed significant improvement, jumping to ₹45.53 crores from a loss of ₹23.55 crores a year earlier. Notably, the Consumer Group fueled this growth with a 38% increase in revenue and an impressive 172% rise in profit after tax. The Remarketing Business also performed well, with a 28% revenue increase and a 178% boost in PAT. For the nine-month period, total revenue reached ₹521.53 crores, marking a 32% year-on-year increase, while PAT amounted to ₹99.16 crores, recovering from a loss of ₹4.99 crores.

The company's operational highlights indicate a strong digital presence, with approximately 79 million unique monthly visitors, over 95% being organic. With all business verticals achieving record revenues and profit levels, CarTrade Tech is well-positioned for sustained growth. Investors should watch closely for continued positive momentum and enhanced market share.