Auto-classifieds platform CarTrade reported a consolidated net profit of Rs 66 crore in the September quarter of FY27, up 3% from Rs 64.1 crore posted in the same quarter last year. Sequentially, net profit jumped 16% from Rs 56.8 crore.

Revenue from operations increased 10% to Rs 213.1 crore in Q2 FY27, compared to Rs 193.4 crore in the corresponding quarter in the previous fiscal year. On a quarter-on-quarter basis, it rose 6% from Rs 201.2 crore.

The company also earned Rs 23.1 crore in other income, mainly from interest on bank deposits and sale of financial assets. Including that, total revenue rose 6% year-on-year (YoY) to Rs 236.2 crore. In line with this, total expenses grew 6% to Rs 137.1 crore from Rs 129.8 crore in the year-ago period.

The consumer group business, which includes CarWale and BikeWale, generated revenue of Rs 79.5 crore. In contrast, the remarketing business, under which CarTrade facilitates wholesale trading of used vehicles through digital and physical auctions, raked in Rs 70.3 crore.

OLX India maintained strong momentum, with 26% YoY growth in revenue at Rs 70.2 crore and a 36% YoY increase in EBITDA at Rs 22.5 crore. CarTrade had acquired a 100% stake in OLX India’s auto business in August 2023.

Key operational updates

In an investor presentation, CarTrade said it recorded 76 million average monthly unique visitors during the July-September quarter, with 96% of traffic coming organically. The company now has a presence in more than 500 physical locations, including Shriram Automall, CarWale abSure and Signature dealers and OLX franchisees.

Its online marketplaces—CarWale, BikeWale and OLX India—each cater to more than 150 million annual unique visitors, the company said.

The remarketing business achieved an annualised run-rate (ARR) of 1.6 million listings for auction, strengthening its market leadership in vehicle remarketing.

Vinay Sanghi, Chairman and Founder, CarTrade Tech, said:

“We delivered our highest-ever quarterly revenue of Rs 213 crore and profit before tax of Rs 85 crore, with EBITDA growing 20% year-on-year. OLX India continued its strong momentum, recording 26% revenue growth and 36% EBITDA growth.

We are excited about the possibilities that technology and AI are unlocking to build innovative products and deliver richer, more intuitive user experiences across our platforms. Our scale, organic reach and asset-light business model position us well to drive sustainable, profitable growth and further expand our margins.”

CarTrade launches AI Assist for new-car buying

CarTrade said it launched an AI assistant during the July-September quarter. The assistant includes test-drive, loan, pricing and delivery agents designed to help buyers at different stages of purchasing a new car.

The auto-classifieds company has also launched VAYA Live, an always-on intelligence and action platform for OEMs, dealers and the wider automotive ecosystem. VAYA Live enables live monitoring of India’s auto market, provides cross-shopping analytics and allows sellers to use AI agents to target prospective buyers of new and used vehicles in specific localities.

VAYA Live is built atop proprietary datasets across OLX, CarWale and BikeWale, the company said.

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