Shares of CarTrade Tech Ltd surged by nearly 17% in Thursday's trade, reaching a day's high of Rs 2,120 per share, following the announcement of robust financial results for the quarter ended March 31, 2026.
Strong Financial Performance in Q4 FY26
The online automotive marketplace company reported a significant 54% year-on-year jump in its net profit attributable to equity holders, rising to Rs 64.60 crore for the fourth quarter. This compares to Rs 41.82 crore in the corresponding quarter last year.
Revenue from operations also saw a healthy uptick, climbing nearly 20% to Rs 203.14 crore, up from Rs 169.51 crore in the year-ago period. According to the company's investor presentation, Q4 EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased by 55% to Rs 71.64 crore.
Segmental Growth Highlights
- Consumer Group: This segment witnessed a strong 30% annual revenue growth, accompanied by a substantial 96% jump in EBITDA.
- Remarketing and OLX India: Both segments registered strong double-digit growth. Notably, OLX India's full-year profit after tax surged by 77% year-on-year, underscoring its significant contribution to the company's overall performance.
As of 12:35 pm, the stock was trading 10.68% higher at Rs 1,998.15 apiece on the BSE, reflecting investor confidence in CarTrade Tech's positive earnings trajectory.