Revenue from operations increased more than 16% YoY to Rs 201 crore during the quarter. On a sequential basis, however, net profit declined around 21%, while revenue slipped nearly 1% from the fourth quarter of FY26.
The company reported its highest-ever quarterly total income of Rs 230 crore, up 16% YoY. EBITDA surged 45% YoY to Rs 63 crore, with the EBITDA margin improving to 31% in the April-June quarter of FY27.
CarTrade Tech said OLX India’s income grew 29% YoY, while EBITDA jumped 76% YoY. It added that each of its flagship digital platforms—CarWale, BikeWale and OLX India—now attracts over 150 million annual unique visitors, underscoring the scale and depth of engagement across its ecosystem.
The company also said it now operates more than 500 physical locations, including Shriram Automall, CarWale abSure and Signature dealerships, as well as OLX India franchise outlets, strengthening its nationwide reach and customer accessibility.
It further added that its platforms engaged nearly 80 million average monthly unique visitors during Q1 FY27, continuing the growth seen in Q4 FY26. Organic traffic accounted for 95% of total traffic, reflecting the strength of its brand and content leadership.Also read |CarTrade Tech partners Spinny to expand used-car marketplace across CarWale, OLX India
What CarTrade Tech management said
“We are pleased to begin FY27 on a strong note, delivering another quarter of profitable growth. Total income grew 16% to an all-time high, EBITDA increased 45%, with margins at 31%, and profit after tax stood at Rs 57 crore. This performance reflects the strength of our diversified business portfolio across consumer group, remarketing, and OLX India, supported by disciplined execution, operating leverage, and a continued focus on profitable growth,” said Vinay Sanghi, Chairman and Founder, CarTrade Tech.With the launch of VAYA AI, Sanghi added that the company remains focused on leveraging technology, artificial intelligence, and partnerships to enhance customer experience, improve operational efficiency, and create long-term value for customers, partners, and shareholders.
CarTrade Tech share price
CarTrade Tech shares fell more than 7.5% to Rs 2,740 apiece after the results announcement. The stock later recovered some losses and was trading around 4% lower at Rs 2,856 apiece at around 12 pm.
The shares have declined marginally over the past week but have gained more than 5% in a month. The stock is down over 1% in 2026 so far. Over the longer term, it has surged more than 34% in a year and 452% in three years.
Also read |UBS initiates coverage on CarTrade Tech with Buy rating, sees 42% upside. 4 reasons why
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