CarTrade posts Rs 193 Cr in revenue, profit doubles to Rs 64 Cr

Automobile classifieds platform CarTrade announced its financial results for the second quarter of FY26 on Tuesday, reporting a 25% year-on-year increase in revenue and a two-fold rise in profit compared to Q2 FY25.

CarTrade’s revenue from operations grew 25% to Rs 193.41 crore in Q2 FY26 in contrast to Rs 154.2 crore in Q2 FY25, as per the firm’s unaudited financial results sourced from the National Stock Exchange (NSE).

The company also added another 28.73 crore in other income, taking its total income for Q2 FY26 to Rs 222.14 crore.

The Mumbai-based company operates across three segments: Consumer, Remarketing, and Classifieds. Revenue from the Consumer segment accounted for 39.4% of total operating income, rising to Rs 76.24 crore in Q2 FY26 from Rs 55.62 crore in Q2 FY25. The Remarketing and Classifieds segments contributed Rs 62.62 crore and Rs 55.5 crore, respectively, during the second quarter of the fiscal year.

On the expense front, employee benefits accounted for 55% of total spending, increasing 11% to Rs 77.5 crore during the period. Including other costs, CarTrade’s total expenses grew modestly by 5% to Rs 142.2 crore in Q2 FY26.

A 25% year-on-year rise in operating revenue, coupled with controlled expenses, helped the firm double its profit to Rs 64 crore in Q2 FY26 from Rs 30.7 crore in Q2 FY25.

On a half-yearly basis, the company’s revenue rose 24% year-on-year to Rs 366.45 crore, while its profit more than doubled to Rs 111.13 crore.

The firm has also appointed Varun Sanghi as its Chief Strategy Officer (CSO) and senior management personnel, according to a separate exchange filing.

In another exchange filing, CarTrade announced the rollout of fresh employee stock options (ESOPs), granting 60,000 options to eligible employees under its ESOP 2021 (I) scheme. Based on the company’s current share price of Rs 2,830, the newly granted ESOPs are valued at approximately Rs 16.98 crore.