The company had posted net profit of Rs 5.04 crore in the corresponding period of the last financial year.
Consolidated revenue from operations increased by 28% year-on-year to Rs 154.2 crore last quarter, compared to Rs 120.01 crore reported in the year-ago period. CarTrade Tech’s EBITDA (Earnings before interest, tax, depreciation and amortisation) last quarter grew by 54% to Rs 32.70 crore, up from Rs 21.18 crore in Q2FY24.
Vinay Sanghi, Chairman and Founder, CarTrade Tech, said, “We achieved 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.”
For H1FY25, net profit rose over 189% year-on-year to Rs 53.62 crore, from Rs 18.55 crore in the first six months of last fiscal. For the first half of FY25, revenue surged over 43% to Rs 295.38 crore, compared to ₹206.08 crore in the same period of the previous fiscal year. EBITDA more than doubled, increasing over 103% to Rs 54.28 crore, compared to Rs 26.65 crore a year ago.