CarTrade Tech posts record Q1 income as profit jumps 21 per cent

MUMBAI: CarTrade Tech has found a way to accelerate growth while easing off the advertising pedal. The digital automotive marketplace reported its highest-ever quarterly total income for the April-June quarter of FY27, driven by robust growth across its consumer, remarketing and OLX India businesses, even as it trimmed marketing expenditure during the period.

The company posted total income of Rs 230 crore in the first quarter, up 16 per cent from a year ago. Operating performance also strengthened, with EBITDA rising 45 per cent to Rs 63 crore, lifting the EBITDA margin to 31 per cent.

Profit after tax increased 21 per cent to Rs 57 crore, compared with Rs 47 crore in the corresponding quarter last year.

One of the standout features of the quarter was tighter spending on customer acquisition. Despite higher business activity, marketing expenses declined 9 per cent to Rs 8 crore, down from Rs 8.7 crore in the year-ago period.

At the same time, total expenses rose 7 per cent to Rs 138 crore, compared with Rs 129.5 crore in the corresponding quarter of FY26, reflecting growth across the business.

The company’s remarketing business continued to gather momentum, with revenue from operations rising 13 per cent year on year to Rs 67.23 crore. The segment’s profit after tax climbed 31 per cent to Rs 12.3 crore, up from Rs 9 crore a year earlier.

OLX India emerged as another strong growth driver, recording a 29 per cent increase in revenue from operations to Rs 62.1 crore. Profit after tax for the business rose 27 per cent to Rs 18.6 crore, compared with Rs 14.64 crore in the same quarter last year.

CarTrade Tech also continued to expand its physical footprint alongside its digital operations. The company now operates through more than 500 physical touchpoints across India, including Shriram Automall, CarWale abSure, Signature dealerships and OLX India franchise outlets, broadening its reach across the country’s automotive market.

Chairman and Founder Vinay Sanghi said the company’s performance was supported by its diversified business portfolio, spanning the consumer, remarketing and OLX India businesses, along with disciplined execution and a continued focus on profitable growth.

The quarter suggests CarTrade Tech is successfully balancing growth with cost discipline. By expanding profitability while reducing marketing spend and strengthening both its online and offline presence, the company is signalling that scale and operational efficiency can go hand in hand in India’s increasingly competitive digital automotive marketplace.