Cartrade Tech Limited — Updates, 04-12-2024: Press Release

CarTrade Tech has achieved a noteworthy milestone with its platforms—CarWale, BikeWale, and OLX India—each surpassing 150 million yearly unique users, predominantly from organic traffic. This growth signals the company's robust performance and reinforces its leadership in the automotive ecosystem. The festive season has contributed to strong revenue growth, with expectations of a 25-30% increase in Profit After Tax (PAT) for Q3 FY25 compared to Q2 FY25, driven by solid operating margins. The asset-light business model is delivering consistent profitability, positioning the company favorably for future growth. The emphasis on organic growth and customer-focused innovation strengthens CarTrade's market presence, warranting close investor attention.