Cartrade Tech Ltd
BSE:543333
Cartrade Tech Ltd
CarTrade Tech Ltd. operates an online marketplace for new and used vehicles. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2021-08-20. The firm operates an automotive digital ecosystem, which connects automobile customers, original equipment manufacturers (OEMs), dealers, banks, insurance companies and other stakeholders. The company operates under a range of brands, including CarWale, CareTrade, Shriram Automall, BikeWale, CarTradeExchange, Adroit Auto and AutoBiz. The Company, through its platforms enables new and used automobile customers, vehicle dealerships, automotive manufacturers, and other businesses to buy and sell their vehicles. Its services include new car OEM solutions, new car dealer solutions, used car dealer solutions, technology solutions for OEMs and dealers, new two-wheeler OEM solutions, new two-wheeler dealer solutions, online and offline auctioning of vehicles, technology solutions for OEMs and dealers. The company also includes inspection and valuation services, and technology solutions for banks and insurance companies.
CarTrade Tech Ltd. operates an online marketplace for new and used vehicles. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2021-08-20. The firm operates an automotive digital ecosystem, which connects automobile customers, original equipment manufacturers (OEMs), dealers, banks, insurance companies and other stakeholders. The company operates under a range of brands, including CarWale, CareTrade, Shriram Automall, BikeWale, CarTradeExchange, Adroit Auto and AutoBiz. The Company, through its platforms enables new and used automobile customers, vehicle dealerships, automotive manufacturers, and other businesses to buy and sell their vehicles. Its services include new car OEM solutions, new car dealer solutions, used car dealer solutions, technology solutions for OEMs and dealers, new two-wheeler OEM solutions, new two-wheeler dealer solutions, online and offline auctioning of vehicles, technology solutions for OEMs and dealers. The company also includes inspection and valuation services, and technology solutions for banks and insurance companies.
Record Revenue: CarTrade Tech posted its highest-ever quarterly revenue at INR 228 crores, up 18% year-over-year and marking a new company record.
Margin Expansion: Consolidated EBITDA margin reached 37%, rising 400 basis points sequentially and up from 28% a year ago.
Profit Growth: Profit after tax came in at INR 62 crores, up 35% year-over-year, despite a one-off labor provision; underlying PAT would have been INR 68 crores.
Strong Segment Performance: All three business segments—Consumer, Remarketing, and OLX—delivered record revenues and margin expansion, with OLX EBITDA margins at 37%.
Stable Costs, High Operating Leverage: Management highlighted stable cost structure, allowing most incremental revenue growth to flow through to profits.
Optimistic Outlook: Management expressed strong confidence in continued growth and margin expansion, expecting further improvements in the coming quarters.
Robust Cash Position: Cash reserve stands at INR 1,145 crores, and company continues generating over INR 100 crores of cash per quarter.
