Q2 2025 Cartrade Tech Ltd Earnings Call Transcript
Key Points
- CarTrade Tech Ltd (BOM:543333) reported its highest-ever quarterly revenue of INR172 crores, marking a 27% year-on-year growth.
- The company achieved a significant increase in profit before tax, up by 44% to INR37.14 crores for the quarter.
- EBITDA margins improved from 15% to 21%, demonstrating strong operational leverage.
- The company remains debt-free with a robust cash balance of INR832 crores.
- Organic traffic growth is strong, with 95% of users coming from organic sources, indicating strong brand affinity.
- The OLX business, despite showing growth, has not yet fully realized its potential, with some improvements still pending.
- Revenue growth in the remarketing segment was modest at 3%, indicating slower progress compared to other segments.
- There is a slight decline in other income due to the acquisition of OLX, impacting cash balances.
- The auction business is still facing challenges, with repossession cycles yet to show significant improvement.
- The company faces competitive pressures, particularly in the consumer business, where competitors are also receiving positive feedback.
Ladies and gentlemen, good day and welcome to CarTrade Tech Limited Q2 F 525 earnings conference call.
This conference call may contain forward-looking statements about the company which are based on the beliefs, opinions and expectations of the company. As on date of this call, these statements are not the guarantees of future performances and involve risk and uncertainties that are difficult to predict as a reminder. All participant line will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation through.
Should you need any assistance during the conference call? Please signal an operator by pressing star and zero on your touchtone telephone.
Please note that this conference is being recorded.
I now hand the conference over to Mr Vinay Sanghi Chairman and managing director of CarTrade Tech Limited.
Thank you and over to you, sir.
Thank you. Good afternoon,
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