Due to robust top line growth and improved margins, the consolidated net profit of the car reselling platform CarTrade more than quadrupled to INR 64.1 Cr in the second quarter of the current fiscal year (Q2 FY26) from INR 30.7 Cr in the same period last year.

Profit rose 36.1% sequentially from INR 47.1 Cr.

From INR 154.2 Cr in Q2 FY25 to INR 193.4 Cr during the reviewed quarter, the car portal’s operating revenue increased by 25%.  Revenue increased by over 12% from INR 173 Cr on a quarterly basis.

CarTrade’s overall revenue for the reviewed quarter was INR 222 Cr, including other income of INR 28 Cr.

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In the September quarter, its EBITDA increased 94% YoY from INR 32.8 Cr to INR 63.6 Cr.  CarTrade’s EBITDA increased 33% from INR 43.5 Cr on a quarterly basis.

In Q2 FY26, total expenses increased by 5.3% YoY and 0.4% QoQ to INR 142.2 Cr.

Three business segments generate income for CarTrade: consumer, remarketing, and classified.

Consumer Business: This category includes CarTrade’s online marketplaces, such as CarWale, BikeWale, and CarTrade.com.  Through this division, the business provides solutions for financing, warranties, value-added services, insights, and the purchase and sale of new or used cars.

In Q2 FY26, this vertical reported a profit of INR 31.7 Cr and contributed INR 76 Cr to the top line.  According to CarTrade, the segment’s profit increased by 82% and its revenue increased by 37% year over year.

Remarketing Business: B2B car auctions and sales are facilitated by this business category, which comprises Shriram Automall and CarTrade Exchange.  It primarily provides fleet and institutional liquidation through both physical and online channels.

The vertical’s revenue for the reviewed quarter was INR 62.6 Cr, compared to INR 51 Cr for the same period last year.  The company claims that its remarketing division attained an annualized run-rate of 1.8 million auction listings.

Classifieds: OLX India revenue is included in this category.  In 2023, CarTrade paid INR 535.5 Cr to purchase the online classified portal OLX India.

OLX India’s revenue for the reviewed quarter was INR 55.5 Cr, up 17% from INR 47.6 Cr in the same period the previous year.

Regarding expenditures, CarTrade spent INR 77.5 Cr on salaries, wages, and incentives for employee benefits.  From INR 70 Cr in Q2 FY25, this expenditure increased by almost 11%.

In terms of operations, CarTrade reported that during Q2 FY26, it received an average of 85 million unique visitors per month, with 95% of the traffic coming from organic sources.

The company’s shares were trading 16.5% higher at INR 3,104.75 on the BSE at 13:25 IST after the release of Q2 earnings.

Vinay Sanghi founded CarTrade in 2006. The company operates online marketplaces that facilitate the purchase, sale, marketing, and financing of automobiles, including cars, two-wheelers, and commercial vehicles.

Together, its platforms—CarWale, BikeWale, Adroit Auto, Mobility Outlook, and Shriram Automall—support a variety of transactions in the automotive industry.

Varun Sanghi’s appointment as the company’s chief strategy officer (CSO) was also announced today.  Additionally, the board of CarTrade authorized the distribution of 1,87,800 equity shares under ESOP 2011, 2015, and 2021 (I) and gave its eligible shareholders 60,000 stock options under ESOP 2021 (I).