CarTrade Tech Ltd (NSE:CARTRADE)

Q1 2027 Cartrade Tech Ltd Earnings Call Transcript

Jul 29, 2026 / 07:00 AM GMT

Release Date Price: ₹2855.7 (-3.61%)

Transcript

Key Points

Positve

CarTrade Tech Ltd (BOM:543333) delivered its highest-ever total income of INR230 crores in Q1 FY27, with adjusted EBITDA close to INR100 crores and profit after taxes of INR57 crores.
The company achieved 45% EBITDA growth for 16 consecutive quarters, demonstrating consistent execution and a strong unit economic model.
OLX India emerged as a standout performer with 29% revenue growth and 76% EBITDA growth, driven by new monetization initiatives like the Elite Buyer program.
The strategic partnership with Spinny aims to transform the used car buying and selling experience by integrating digital and physical capabilities, opening new transaction-based revenue streams.
The launch of the Viya AI product enhances user experience with features like condition checks, pricing, and matchmaking, leveraging the company's proprietary data to keep incremental costs low.

Negative

Q1 FY27 revenue growth of 16% was slightly muted compared to the previous quarter, partly due to seasonal factors and wage increments in April.
Exceptional items, including a INR3 crore labor code impact and higher deferred tax provisions, reduced profit after tax growth to 21%.
OLX India's 29% growth came on a favorable base, and the company faces the challenge of converting business buyers to paid users without causing significant attrition.
Other expenses in the standalone classified business saw a sharp jump due to office relocation and tech investments, though management expects this to normalize.
The used car financing opportunity remains underpenetrated, and the company's asset-light model means it must rely on partnerships to scale, which could introduce execution risks.

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

CART.NS - Cartrade Tech Ltd
Q1 2027 Cartrade Tech Ltd Earnings Call
Jul 29, 2026 / 07:00AM 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 Cardrade Tech Limited Q1 FY27 Earnings Conference Call hosted by MUFG Intime.

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 this conference call, please signal an operator by pressing then 0 on your touch tone telephone.

Please note that this conference is being recorded. I now hand the conference over to Mr. Aryan Sumra.

Thank you and over to you.

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Unidentified_2 [2]
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