Unprecedented Growth: 35% Revenue Increase and 189% Surge in Profit After Tax in H1 FY25

Record-Breaking Revenue: 35% Growth and 189% Surge in Profit After Tax Reported for H1 FY25Mumbai, 29 October 2024: CarTrade Tech Limited, one of India’s largest online classifieds and auto auction platforms, announced its unaudited financial results for the quarter ended September 30th, 2024. In Q2FY25, the company reported a Total income of Rs.172 crores and Profit after tax of Rs. 31 crores.

Operational Highlights

  • Received average monthly unique visitors in Q2FY25, at ~77 million, more than 95% of which are organic.
  • The company is now present in 450+ Physical Locations, including Shriram Automall, CarWale abSure and Signature Dealers & OLX India Franchisee.

Commenting on the company’s performance, Mr. Vinay Sanghi, Chairman and Founder, CarTrade Tech, said, “We are pleased to report a remarkable financial performance for Q2FY25, achieving the highest-ever quarterly revenue of Rs. 172 crores, marking a 27% growth year-over-year. This robust quarter-on-quarter performance has resulted in a 44% increase in profit before tax, underscoring the strength and leadership across all segments we operate in. Our results also reflect the operating leverage built into our model, driving a substantial increase in EBITDA by 54% and lifting our profit after tax to Rs. 31 crores this quarter.”

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