CarTrade Tech Stock Skyrockets on Blowout Q2 Results – Can the Rally Keep Going?
Blowout Q2 Earnings Drive Rally CarTrade Tech (which operates CarWale, BikeWale, OLX India and other auto marketplaces) reported a stellar Q2 (July–Sept) that far outpaced a soft market. The Economic Times noted the company’s consolidated net profit more than doubled to ₹64.1 crore (up 109% YoY) economictimes.indiatimes.com. Revenue from operations grew ~25% to ₹193.4 crore economictimes.indiatimes.com. Even as sales surged, expense growth remained modest (only +5.3% YoY on a ₹142.2cr base economictimes.indiatimes.com), reflecting operational leverage. These factors lifted EBITDA sharply (CarTrade reported a near-doubling of EBITDA YoY). CarTrade credited several drivers for the jump. The core Consumer Group (selling new
