News ArticleCarTrade Tech Achieves Record ₹213 Crores Revenue and 20% EBITDA Growth in Q2 FY27
Profit Before Tax Hits Highest-Ever ₹85 Crores with OLX India Revenue Up 26% Year-on-Year
CarTrade Tech Limited announced its financial results for the quarter ended September 30, 2026, reporting a record quarterly revenue of ₹213 crores with a 10% year-on-year increase and a 20% rise in EBITDA to ₹76 crores. The company's profit before tax reached ₹85 crores, marking its highest quarterly achievement with a 7% year-on-year growth. OLX India contributed strongly with a 26% revenue increase and 36% EBITDA growth in the same period.
CarTrade Tech Limited
General / Other
CarTrade Tech Limited reported its highest-ever quarterly revenue of ₹213 crores for Q2 FY27, with EBITDA rising 20% to ₹76 crores and profit before tax reaching ₹85 crores, a 7% increase year-on-year. OLX India continued to drive growth with a 26% revenue increase and a 36% rise in EBITDA during the same quarter.
The company's consolidated revenue for the second quarter ended September 30, 2026, grew 10% year-on-year to ₹213 crores.
EBITDA increased 20% to ₹76 crores in Q2 FY27 compared to ₹64 crores in the same quarter last year, improving EBITDA margin to 36%.
Profit before tax for the quarter was ₹85 crores, a 7% increase compared to ₹80 crores in Q2 FY26, while profit after tax rose 3% to ₹66 crores.
For the half year ended September 30, 2026, the company reported revenue of ₹414 crores, a 13% increase year-on-year, with EBITDA at ₹139 crores, up 30% year-on-year.
CarTrade Tech’s platforms attracted approximately 76 million average monthly unique visitors in Q2 FY27, with the majority being organic traffic, highlighting the company’s strong brand presence and content leadership in the digital vehicle marketplace sector in India.
Highlights
- Q2 FY27 revenue reached ₹213 crores, a 10% increase on Q2 FY26.
- EBITDA rose 20% year-on-year to ₹76 crores in Q2 FY27.
- Profit before tax for Q2 FY27 was a record ₹85 crores, up 7% year-on-year.
- OLX India’s revenue grew 26% year-on-year, with EBITDA up 36%.
- CarTrade Tech’s digital platforms serve more than 150 million annual unique visitors each.
- The company operates over 500 physical locations nationwide to enhance last-mile connectivity.
Key Data Snapshot
What happened
- CarTrade Tech reported its highest-ever quarterly revenue of ₹213 crores in Q2 FY27 with a 10% year-on-year growth.
- EBITDA for the quarter increased by 20% to ₹76 crores, improving the EBITDA margin to 36%.
- Profit before tax rose by 7% year-on-year to ₹85 crores, marking the company’s best quarterly PBT.
- Profit after tax was ₹66 crores for Q2 FY27, a 3% year-on-year increase.
Key details
- In the half year ended September 30, 2026, revenue totaled ₹414 crores, up 13% year-on-year.
- EBITDA for H1 FY27 grew 30% to ₹139 crores, and profit before tax increased 17% to ₹160 crores.
- CarTrade Tech’s online platforms, including CarWale, BikeWale, and OLX India, each serve over 150 million annual unique visitors.
- The company operates more than 500 physical locations across India enhancing its market reach and last-mile connectivity.
- Remarketing business handled an annualized run-rate of 1.6 million auction listings for vehicles.
Operational performance
- Approximately 76 million average monthly unique visitors in Q2 FY27, with 96% of traffic organic indicating robust brand equity.
- OLX India platform showed strong performance with 26% revenue growth and 36% EBITDA growth year-on-year in Q2 FY27.
- The company’s asset-light and technology-led model supports sustainable and profitable growth across its vehicle marketplaces.
Regulatory and governance context
- Results and announcements comply with SEBI Listing Regulations, 2015.
- The company filed its unaudited financial results for Q2 and H1 FY27 on October 28, 2026.
Highlights
- Q2 FY27 revenue reached ₹213 crores, a 10% increase on Q2 FY26.
- EBITDA rose 20% year-on-year to ₹76 crores in Q2 FY27.
- Profit before tax for Q2 FY27 was a record ₹85 crores, up 7% year-on-year.
- OLX India’s revenue grew 26% year-on-year, with EBITDA up 36%.
- CarTrade Tech’s digital platforms serve more than 150 million annual unique visitors each.
- The company operates over 500 physical locations nationwide to enhance last-mile connectivity.
Disclosures
- Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
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