CarTrade Tech Ltd is a multi-channel auto platform provider company with coverage and presence across vehicle types and Value Added Services. The company operates various brands such as CarWale, CarTrade, Shriram Automall, BikeWale, CarTradeExchange, Adroit Auto, and AutoBiz. The platform connects new and used automobile customers, vehicle dealers, vehicle OEMs, and other businesses to buy and sell different types of vehicles. The company offers a variety of solutions across automotive transactions for buying, selling, marketing, financing, and other activities.
Financial Results:
Cartrade Tech Ltd reported Revenues for Q1FY24 of ₹43.00 Crores up from ₹35.00 Crore year on year, a rise of 22.86%.
Total Expenses for Q1FY24 of ₹46.00 Crores up from ₹40.00 Crores year on year, a rise of 15.0%.
Consolidated Net Profit of ₹12.00 Crores up 500.0% from ₹2.00 Crores in the same quarter of the previous year.
The Earnings per Share is ₹2.63, up 630.56% from ₹0.36 in the same quarter of the previous year.
*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.
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