CarTrade Tech Stock Skyrockets on Blowout Q2 Results – Can the Rally Keep Going?
CarTrade Tech reported a stellar Q2 that far outpaced a soft market. The Economic Times noted the company’s consolidated net profit more than doubled to ₹64.1 croreeconomictimes.indiatimes.com. Revenue from operations grew ~25% to ₹193.4 croreeconomictimes.indiatimes.com. Even as sales surged, expense growth remained modest, reflecting operational leverage. These factors lifted EBITDA sharply. CarTrade credited several drivers for the jump. The core Consumer Group saw revenue up ~37% YoY and PAT up ~82%, achieving an industry-leading ~40% EBITDA margineconomictimes.indiatimes.com. Meanwhile, OLX India “maintained momentum,” with 17% revenue growth and a 213% jump in profiteconomictimes.indiatimes.com. The combined results were dubbed “highest-ever quarterly revenue and profit” by Business Standardbusiness-standard.com.
