Q3 2025 Cartrade Tech Ltd Earnings Call Transcript
Key Points
- CarTrade Tech Ltd (BOM:543333) reported record-breaking revenue of INR193 crores and a profit after tax of INR46 crores for Q3 FY25.
- The company's revenue surged by 32% for the nine months, with EBITDA growing by 100% and profit after tax reaching INR99 crores.
- The Consumer Group business, including CarWale and BikeWale, saw a 38% year-on-year revenue increase, with a profit after tax growth of 172% and a 35% margin.
- Remarketing business experienced a 28% growth in revenue and a 178% profit after tax growth, indicating a recovery from previous sluggish quarters.
- OLX India, acquired last year, showed an 80% surge in profits, with continuous quarter-on-quarter growth since acquisition.
- Despite strong performance, the company faces challenges in maintaining the high growth rate in the Consumer Group business, as future market conditions remain uncertain.
- The remarketing business, although recovering, had previously experienced sluggish growth, indicating potential volatility in this segment.
- There is a concern about the sustainability of the current high growth rates, particularly in the Consumer Group, as OEM ad budgets may not continue to grow at the same pace.
- The integration and optimization of OLX India are still in progress, with significant work needed to fully realize its potential.
- The company's growth is partly dependent on favorable market conditions, such as supply exceeding demand, which may not persist in the long term.
Ladies and gentlemen, good day, and welcome to the Q3 FY25 earnings conference call of CarTrade Tech Limited.
This conference call may be forward-looking -- may contain forward-looking statements about the company, which are based on the beliefs, opinions and expectations of the company as on date of this call. These statements are not guarantees of the 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 Mr. Vinay Sanghi, the Chairman and Founder of CarTrade Tech Limited. Thank you, and over to you, sir.
Thank you. Good afternoon, everybody, and welcome to the Q3 earnings call. It's been a really strong quarter for the company. And in the next few minutes, I'll try and run you through some of the key highlights. We have circulated the presentation in advance.
If you look at slide 3 and the first part of the
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