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Earnings Call Transcript

CarTrade Tech Earnings Call Transcript: Key Takeaways

CarTrade Tech shows strong EBITDA growth but relies heavily on OLX's monetization and new AI-driven dealer partnerships to mask rising tax provisions and one-time labor costs.

Guidance and delivery
Management target Net Profit FY31
Highlights
Revenue growth16% YoY revenue growth; OLX revenue up 29%.
MarginsEBITDA margins reached 31%, up from 25% YoY.
Demand visibilityStrong, with 80 million users and 150 million unique annual visitors.
Management confidenceHighly optimistic, emphasizing the '40-40 company' goal and OLX turnaround.

Growth

EBITDA grew 45% YoY with margins expanding to 31%, primarily driven by 16 consecutive quarters of performance and OLX scaling.

Outlook

Management aims for 1,000 Cr profit over the next 4-5 years, shifting toward transaction-based revenue models.

Risks

Higher tax provisions on OLX and 3 Cr one-time labor code impact are dragging Net Profit margins despite operating growth.

Source

Earnings Call Transcript filed with BSE, NSE: CARTRADE. Summary written with AI assistance from the document.

Read the document ↗

CarTrade Tech Ltd: key numbers

Share price
₹3,002.60
Market cap
₹14,597 Cr
Revenue (annual)
₹779.3 Cr
Net profit (annual)
₹223.0 Cr
P/E (TTM)
63.1×Sector 67.6×
Promoter holding
0.00%+0.00% QoQ
FII holding
54.37%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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