Q1 2025 Cartrade Tech Ltd Earnings Call Transcript
Key Points
- CarTrade Tech Ltd (BOM:543333) reported a 64% growth in operating revenue and a 46% growth in overall revenue for Q1 FY '25.
- The company achieved its highest-ever Q1 revenue at INR 156.4 crores and an adjusted EBITDA of INR 43 crores.
- Profit after tax (PAT) grew by 69% to INR 22.9 crores for the quarter.
- CarTrade Tech Ltd (BOM:543333) remains the number one automotive platform in India, with over 70 million unique visitors monthly.
- The company is debt-free and holds a cash balance equivalent to INR 782 crores.
- The remarketing business faced challenges with repossession supply, impacting revenue growth.
- Standalone accounts showed a reduction in other income due to the OLX acquisition, affecting treasury income.
- Marketing expenses as a percentage of revenue have been decreasing, raising questions about potential growth limitations.
- Employee expenses in the remarketing business have decreased, indicating possible cost-cutting or reallocation of resources.
- The OLX business, despite showing growth, still requires significant focus on increasing paid listings and dealer subscriptions.
Ladies and gentlemen, good day, and welcome to CarTrade Tech Limited Q1 FY '25 Earnings Conference Call. This call may contain forward-looking statements about the company, which are based on the beliefs, opinions and expectation of the company as on date of this call. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. [Operator Instructions] Please note that this conference is being recorded.
I now hand the conference over to the Chairman and the Managing Director of CarTrade Tech Limited, Mr. Vinay Sanghi. Thank you, and over to you, sir.
Good afternoon, everybody, and thank you for joining CarTrade Tech's quarterly earnings call. It's been a very good quarter for the company. If we go to slide 5, the company has shown a 64% in operating revenue growth and a 46% growth in overall revenue, and the profit after tax has grown at 69% in Q1.
CarTrade Tech continues to be the number one
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