Q1 2026 Cartrade Tech Ltd Earnings Call Transcript
Key Points
- CarTrade Tech Ltd (BOM:543333) achieved its highest-ever profits with a 106% growth to INR47 crores and highest-ever revenue at INR199 crores.
- The company has over 150 million users across its platforms, including CarWale, BikeWale, and OLX, with traffic continuing to grow.
- The Consumer Group saw a 32% revenue growth, resulting in a 79% profit increase and a 29% EBITDA margin, nearing industry benchmarks.
- Remarketing business experienced a 36% growth, leading to a 258% profit increase, showcasing strong business leverage.
- OLX achieved its highest-ever revenues with a 71% profit surge, supported by new product launches and tech improvements.
- Traffic growth was only 7% year-over-year, slightly lower than recent trends, reflecting a flat automotive market.
- Employee costs increased by 7% year-over-year, with increments factored in the first quarter, potentially impacting future cost stability.
- OLX's revenue from operations grew only 2% year-over-year, indicating slower growth without the impact of other income.
- The automotive industry itself is flat, which could limit growth potential if the market does not expand.
- There is a significant dip in marketing volumes quarter-over-quarter, despite revenue growth, raising questions about sustainability.
Ladies and gentlemen, good day, and welcome to the CarTrade Tech Limited Q1 FY26 earnings conference call organized by MUFG Intime India Private Limited.
(Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Ms. Nidhi Vijaywargia from MUFG Intime India Private Limited.
Thank you, and over to you, ma'am.
Thank you, Palak.
Good afternoon, ladies and gentlemen. I welcome you all to the earnings call of CarTrade Tech Limited to discuss the Q1 FY26 business performance. Today on the call, we have from management, Mr. Vinay Sanghi, Chairman and Managing Director; and Ms. Aneesha Bhandary, Executive Director and CFO.
Before we proceed with this call, I would like to mention that some of the statements made in today's call may be forward-looking in nature and may involve risks and uncertainties. For more details, kindly refer to the Investor Presentation and other filings that can be found on the
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