India-based auto marketplace CarTrade Tech has posted INR1.9 billion ($22 million) in operating revenue for the three months to September 2025 (Q2 FY25-26), up 25.4% year on year (y-o-y), according to the company’s financial reporting. Its total income rose by 29% y-o-y to INR2.2 billion.
The revenue of its consumer vertical — comprising CarWale and BikeWale — grew by 37% y-o-y to INR762 million in Q2 FY25-26. The remarketing segment (auction businesses, including CarTrade Exchange) posted INR626 million in revenue, up 23% y-o-y. CarTrade said the remarketing business achieved an annualized run-rate of 1.8 million auction listings.
OLX India — which CarTrade acquired from Prosus in August 2023 — registered INR555 million in revenue in Q2, up 17% y-o-y, driven by “operating leverage and integration of synergies.”
CarTrade’s expenses in Q2 grew by 5.3% y-o-y to INR1.4 billion, with more than half of this attributed to employee benefits. Finance and depreciation and amortization costs were broadly flat y-o-y.
Accordingly, CarTrade posted INR640 million in after-tax profit for Q2 FY25-26, up 109% y-o-y. The consumer group and OLX India’s after-tax profit grew by 82% and 213%, respectively. The company’s EBITDA almost doubled y-o-y during the quarter (increasing by 94%), reaching INR636 million. The company closed Q2 FY25-26 with a cash balance of INR10.8 billion.
In line with its custom of allotting more shares under its employee stock ownership plan (ESOP) after financial disclosures, CarTrade approved the allotment of 187,800 equity shares of a face value of INR10 apiece to eligible employees under ESOP 2011, ESOP 2015, and ESOP 2021 (I) plans. As a result, the total paid-up share capital of the company grew to INR477 million.
CarTrade said that it attracted about 85 million average monthly unique visitors in Q2, with 95% of the traffic organic. It has a presence in more than 500 physical locations across India through Shriram Automall, CarWale abSure and OLX India franchisees.
In June, CarTrade launched CarTrade Labs, an innovation hub focusing on generative AI and data science.
