CarTrade posts Rs 210 Cr revenue in Q3 FY26, profit jumps 35%

Automobile classifieds portal CarTrade released its financial results for the third quarter of the ongoing fiscal year (Q3 FY26) on Wednesday. The company reported a 19% year-on-year revenue growth, with profit crossing the Rs 50 crore mark in the same time period.

CarTrade’s revenue from operations grew to Rs 210 crore in Q3 FY26 in contrast to Rs 176 crore in Q3 FY25, as per the firm’s unaudited financial results sourced from the National Stock Exchange (NSE).

The company’s total income for Q3 FY26 grew to Rs 228 crore, compared to Rs 193 crore in Q3 FY25.

The Mumbai-based company operates in three segments: Consumer, Remarketing, and Classifieds. Income from the consumer segment formed 41% of the total operating revenue which increased to Rs 86 crore in Q3 FY26. Income from the remarketing and classified segment stood at Rs 66 crore and Rs 59 crore, respectively, in the third quarter of the ongoing fiscal year.

On the expense front, employee benefits expenses formed 53% of the overall spending which went up a modest 4% to Rs 76 crore during the period. Including other costs, CarTrade’s overall expenses increased 3% to Rs 144 crore in Q3 FY26 from Rs 139.5 crore during Q3 FY25.

The decent growth and controlled spending enabled CarTrade to increase its net profit to Rs 61.5 crore in Q3 FY26, compared to Rs 45.5 crore in Q3 FY25. However on a sequential basis, the company’s profit decreased by 4% from Rs 64 crore in Q2 FY26.

CarTrade was in preliminary discussions with CarDekho for a potential merger in India’s automotive classifieds space, but the two companies mutually decided to call off the proposed consolidation.

CarTrade’s share price is trading at Rs 2,333 (as of 11:36 AM) with a total market capitalization of Rs 11,163 crore ($1.2 billion).