CarTrade Tech Ltd (BOM:543333)

Q3 2026 Cartrade Tech Ltd Earnings Call Transcript

Jan 28, 2026 / 06:30 AM GMT

Release Date Price: ₹2405.8 (-5.37%)

Transcript

Key Points

Positve

CarTrade Tech Ltd (BOM:543333) achieved its highest ever quarterly revenue of 228 crores, marking a significant milestone in the company's history.
The company's EBITDA increased by 56% year-on-year to 78 crores, showcasing strong operational performance.
Margins have improved to 37%, indicating enhanced unit economics and business leverage.
The consumer group reported a 32% growth in revenue over nine months, with a 106% increase in EBITDA, reflecting robust demand and market position.
CarTrade Tech Ltd (BOM:543333) maintains a strong cash reserve of 1,145 crores, providing financial stability and potential for future investments or shareholder returns.

Negative

The company incurred an extraordinary item of 6.5 crores due to a labor code provision, impacting profit growth.
There was a slight decline in conversion rates in the remarketing business, attributed to price adjustments in the used car market following GST reductions.
Other income from OLX India business declined sequentially in Q3 compared to Q2, due to the absence of a previous quarter's write-back.
The company decided to put the Carvico acquisition on hold, indicating potential missed opportunities for inorganic growth.
Despite strong growth, the company faces challenges in maintaining high growth rates in the new auto segment, with a drop from 137% to 27% growth compared to the previous quarter.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CART.NS - Cartrade Tech Ltd
Q3 2026 Cartrade Tech Ltd Earnings Call
Jan 28, 2026 / 06:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the Car Trade Tech Limited Q3 and 9 months F5 26 earnings conference call organized by MUFG Indi India Private Limited.

As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing, then 0 on your touchstone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Ran Sumra from MUFG in time.

Thank you and over to you, sir.

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Unidentified_2 [2]
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