CarTrade Tech Q2 profit more than doubles, stock surges 18% to all-time high

Synopsis

CarTrade Tech shares jumped 13% to a 52-week high of ₹3,008.95 after the company’s Q2 net profit more than doubled to ₹64.1 crore, up 109% YoY and 36% QoQ, driven by strong revenue growth and improved margins.

Shares of CarTrade Tech surged as much as 18% on Tuesday to hit a fresh 52-week high of Rs 3143 on the BSE after the online auto reselling platform reported that its second-quarter profit more than doubled year-on-year, driven by robust revenue growth and stronger margins.

The company’s consolidated net profit jumped 109% year-on-year to Rs 64.1 crore in the July–September quarter (Q2 FY26) from Rs 30.7 crore a year earlier. Sequentially, profit rose 36.1% from Rs 47.1 crore in the previous quarter.

Revenue from operations for the September quarter climbed 25% to Rs 193.4 crore from Rs 154.2 crore a year earlier, and nearly 12% from Rs 173 crore in the previous quarter.

Total expenses increased modestly by 5.3% year-on-year and 0.4% quarter-on-quarter to Rs 142.2 crore in Q2 FY26, indicating cost efficiencies even as the company expanded its business.

Consumer Group fueled performance

CarTrade Tech said its Consumer Group division remained the main driver of growth, with revenue rising 37% year-on-year and profit after tax up 82%. The company added that the unit achieved a 40% EBITDA margin in the quarter — “a benchmark for excellence in the industry.”

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OLX India maintained momentum

Tuesday’s rally extended CarTrade Tech’s remarkable run this year. The stock has gained 15% in the past month and is up 85.5% so far in 2025. Over the past year, shares have soared 169%, underscoring investor optimism around the company’s turnaround and growth trajectory.

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