Shares of CarTrade Tech Ltd. witnessed sharp intraday volatility on Monday following the release of its Q1 FY26 earnings. The stock initially rose by 2.81%, but later reversed course, falling as much as 3.27%.
The company reported a consolidated net profit of Rs 47.06 crore for the quarter ended June 30, more than doubling from Rs 22.90 crore in the same period last year. Revenue from operations rose 22.3% year-on-year to Rs 173 crore, driven by growth across its consumer, remarketing, and classifieds segments.
Operating performance also showed marked improvement. Earnings before interest, taxes, depreciation, and amortisation (Ebitda) surged 98.6% to Rs 43.5 crore, while margins expanded to 25.1% from 15.5% a year ago. The company attributed the gains to improved operational efficiency and higher contribution from its digital platforms.
CarTrade Tech operates a multi-platform automotive ecosystem, including CarWale, BikeWale, and OLX India, offering vehicle listings, auctions, and related services.
The scrip fell as much as 3.27% to Rs 1,832 apiece. It pared losses to trade 1.82% lower at Rs 1,860.20 apiece, as of 11:02 a.m. This compares to a flat NSE Nifty 50 Index.
It has risen 109.44% in the last 12 months. Total traded volume so far in the day stood at 4.2 times its 30-day average. The relative strength index was at 55.
Out of eight analysts tracking the company, five maintain a 'buy' rating, one recommends a 'hold,' and two suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies a downside of 5.8.
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