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 Q2FY25 of ₹154.00 Crores up from ₹120.00 Crore year on year, a rise of 28.33%.
Total Expenses for Q2FY25 of ₹136.00 Crores up from ₹110.00 Crores year on year, a rise of 23.64%.
Consolidated Net Profit of ₹31.00 Crores up 520.0% from ₹5.00 Crores in the same quarter of the previous year.
The Earnings per Share is ₹5.89, up 820.31% from ₹0.64 in the same quarter of the previous year.