CarTrade Tech Ltd. delivered impressive FY26 results with profit after tax rising 68% to ₹244 crore as margins expanded across all three business segments. According to reports from NDTV Profit, the company reported revenue from operations increasing 21% to ₹779 crore, while Ebitda grew 70% to ₹257 crore with margins expanding by 900 basis points to 33%. The company also generated ₹300 crore in cash during FY26, taking its total cash reserves to ₹1,244 crore, making it debt-free.
The Consumer Group, which includes CarTrade, CarWale and BikeWale platforms, emerged as the primary growth driver with revenue rising 30% year-on-year to ₹308 crore in FY26. As reported by NDTV Profit, Ebitda increased 96% to ₹118 crore with margins expanding by 1,300 basis points to 38%, while profit after tax rose 55% to ₹115 crore. The company attributed part of this growth to higher vehicle demand following GST reduction. CarTrade's major platforms attract more than 15 crore unique users annually, with over 90% of traffic being organic, reducing acquisition costs significantly.
The Remarketing Group, including Shriram Automall and Adroit Auto, reported revenue increasing 22% to ₹259 crore with Ebitda rising 57% to ₹72 crore and margins expanding by 600 basis points to 28%. According to NDTV Profit, profit after tax climbed 66% to ₹46 crore. The business processes approximately 17 lakh auctions annually and provides vehicle inspection, valuation and auction services. Management expects repossessions to continue supplying vehicles as lenders extend new vehicle loans, while the company is expanding into commercial vehicles and farm equipment.
OLX India's Classifieds Group reported revenue rising 13% to ₹218 crore with Ebitda increasing 54% to ₹67 crore and margins expanding by 800 basis points to 31%. As reported by NDTV Profit, profit after tax rose 77% to ₹82 crore. The platform accounts for 63% of used-car listings in India with 3 crore monthly users and 18 crore unique annual users. CarTrade is now monetizing buyers as well as sellers, with OLX having about six buyers for every seller, creating a larger consumer pool for additional revenue generation.
At ₹2,978 per share, CarTrade trades at 62.8 times FY26 earnings, slightly above its three-year median multiple of 61 times. According to NDTV Profit, the company has set a ₹1,000 crore profit target for the next five years and expects margins across businesses to expand further. Management highlighted that the large cash balance has contributed to a return on equity of about 10%. The next growth phase depends on monetizing the user base through AI-led products, expanding financing services, and capturing more transactions in India's growing used-vehicle market, where annual transactions are projected to increase to 90-100 lakh by FY31 from about 60 lakh currently.
