CarTrade Tech’s Q2 FY26 profit doubles to Rs 64 crore, revenue surges 29% year-on-year

Automobile marketplace CarTrade Tech Limited reported its highest-ever quarterly revenue and profit for the quarter ended September 30, 2025, driven by strong performance across its consumer, remarketing, and classifieds segments.

The company’s total income stood at Rs 222.14 crore in Q2 FY26, up 29% year-on-year, while profit after tax rose 109% to Rs 64.08 crore, marking the strongest quarter in its history. The firm’s EBITDA grew 94% year-on-year to Rs 63.6 crore, and profit before tax climbed 115% to Rs 79.93 crore.

For the first half of FY26, CarTrade recorded Rs 420.64 crore in total income, a 28% year-on-year increase, and a PAT of Rs 111.14 crore, up 107% from the same period last year.

The company’s revenue from operations rose to Rs 193.41 crore, compared with Rs 154.2 crore in Q2 FY25, according to its filings with the National Stock Exchange. Other income contributed Rs 28.73 crore, bringing total income to Rs 222.14 crore. Total expenses rose modestly by 5% to Rs 142.2 crore, largely due to an 11% increase in employee costs to Rs 77.5 crore.

CarTrade said it attracted around 85 million average monthly unique visitors during the quarter, with 95% of its traffic organic. Its digital platforms, CarWale, BikeWale, and OLX India, each serve over 150 million annual users, while its physical network has expanded to more than 500 locations, including Shriram Automall and CarWale abSure dealers.

The board also approved the allotment of 1,87,800 equity shares under various employee stock option schemes and the appointment of Varun Sanghi as Chief Strategy Officer (CSO) effective November 1, 2025.