Q4 2024 Cartrade Tech Ltd Earnings Call Transcript
Key Points
- Revenue growth of 50% and profit after tax increased by 43% in Q4 FY24.
- CarTrade Tech Ltd (BOM:543333) remains the number one automotive platform in India with the largest used car classified business and vehicle auction platform.
- 17 million unique customers use their platforms monthly, with 90% of traffic coming organically.
- Highest ever quarterly revenue at INR161 crores and adjusted EBITDA at INR49.1 crores.
- Strong cash balance of almost INR750 crores, providing a solid financial foundation.
- Remarketing business revenues remained flat, with only an 8% increase in adjusted EBITDA.
- OLX India traffic metrics showed a slight decline from 35 million to 30 million monthly active users.
- Trade receivables jumped by 50% compared to last year, indicating potential collection issues.
- Increased lease and finance costs due to the OLX acquisition, impacting overall profitability.
- ESOP costs remain high at INR6 crores per quarter, expected to continue at this level.
Ladies and gentlemen, good day, and welcome to Q4 FY24 earnings call for CarTrade Tech Limited. This conference call may contain forward-looking statements about the company, which are based on beliefs, opinions and expectations of the company as of the date of this call.
These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. (Operator Instructions)
Please note that this conference is being recorded. I now hand the conference over to Mr. Vinay Sanghi, Chairman and Managing Director. Thank you, and over to you, sir.
Thank you, and good afternoon, everybody. Just want to thank you all for joining this Q4 earnings call. Just wanted to start off, and it's been a very exciting quarter for the company. And we had also uploaded a presentation which I'll go through a few slides to give you all an idea of what the company's performed to this quarter.
I think on first page 5, I want to
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