CarTrade Tech Q2 Profit Rises About 3% to Rs 66 Crore
Operating revenue rose 10.2% to Rs 213.1 crore in the September 2026 quarter.
Key Takeaways
- Consolidated net profit was about Rs 66 crore, up about 3% from Rs 64.1 crore.
- Operating revenue rose 10.2% to Rs 213.1 crore from Rs 193.4 crore.
- Total expenses rose about 6% to Rs 150.8 crore.
- EBITDA rose 20% to Rs 76 crore.
- Classifieds revenue (OLX India) rose 26% from a year earlier.
CarTrade Tech reported a consolidated net profit of about Rs 66 crore for the September 2026 quarter (Q2 FY27), up about 3% from Rs 64.1 crore in the same quarter a year earlier. Operating revenue rose 10.2% to Rs 213.1 crore from Rs 193.4 crore.
Against the June quarter, revenue rose about 5.9% from Rs 201.2 crore and profit rose about 16.2% from Rs 56.8 crore. Total expenses rose about 6% to Rs 150.8 crore, and EBITDA rose 20% to Rs 76 crore. The results were filed with the stock exchanges on 28 October 2026.
CarTrade Tech Q2 FY27 at a glance
| Detail | Value |
|---|---|
| Quarter | July to September 2026 (Q2 FY27) |
| Operating revenue | Rs 213.1 crore, up 10.2% from Rs 193.4 crore |
| Consolidated net profit | About Rs 66 crore, up about 3% from Rs 64.1 crore |
| Total expenses | Rs 150.8 crore, up about 6% |
| EBITDA | Rs 76 crore, up 20% |
| Profit before tax | About Rs 85 crore, up about 7% |
| Other income | About Rs 23 crore |
| Revenue versus June quarter | Up about 5.9% from Rs 201.2 crore |
| Profit versus June quarter | Up about 16.2% from Rs 56.8 crore |
Where CarTrade Tech's revenue came from in the quarter
CarTrade Tech's brands include CarWale, BikeWale, CarTrade, OLX India, Shriram Automall and Adroit Auto. It reports three segments: consumer, remarketing and classifieds.
The consumer segment, which covers CarWale and BikeWale, brought in Rs 79.5 crore. Remarketing brought in Rs 70.3 crore and classifieds, which is OLX India, brought in Rs 70.2 crore. Classifieds revenue rose 26% from a year earlier and its EBITDA rose 36%.
| Segment | Revenue, Q2 FY27 |
|---|---|
| Consumer (CarWale, BikeWale) | Rs 79.5 crore |
| Remarketing | Rs 70.3 crore |
| Classifieds (OLX India) | Rs 70.2 crore |
How the September quarter compares with the two quarters before it
In the June 2026 quarter, the company booked an exceptional expense of about Rs 3.1 crore for salary restructuring tied to the new labour codes. There was no exceptional item in the September quarter.
| Quarter | Operating revenue and net profit |
|---|---|
| Q2 FY26 (September 2025) | Revenue Rs 193.4 crore, profit Rs 64.1 crore |
| Q1 FY27 (June 2026) | Revenue Rs 201.2 crore, profit Rs 56.8 crore |
| Q2 FY27 (September 2026) | Revenue Rs 213.1 crore, profit about Rs 66 crore |
The first half of FY27 in numbers
For the six months to September 2026, operating revenue was about Rs 414 crore, up 13% from the first half of FY26. EBITDA for the half was Rs 139 crore, up 30%, and net profit was about Rs 123 crore, up about 10%.
Where CarTrade Tech stands after Q2 FY27
CarTrade Tech's profit before tax of about Rs 85 crore in Q2 FY27 is a record for the company, on operating revenue of Rs 213.1 crore. The company said its platforms drew an average of about 76 million monthly unique visitors in the quarter, 96% of them from organic traffic. It also has more than 500 physical locations across India.
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Frequently Asked Questions
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