CarTrade Reports 3% Profit Increase for Second Quarter
Automotive classifieds platform CarTrade reported a consolidated net profit of ₹66 crore for the quarter ending September, marking a 3% year-over-year increase.
CarTrade announced a consolidated net profit of ₹66 crore for the September quarter of fiscal year 2027, compared to ₹64.1 crore reported in the same period last year. This result reflects a 16.2% increase compared to the previous quarter, where the company recorded ₹56.8 crore in profit.
The firm's operating revenue reached ₹213.1 crore, representing a 10.2% growth from the ₹193.4 crore generated during the same quarter last year. When combined with other income of ₹23.1 crore, the total income for the period stood at ₹236.2 crore.
Total expenses for the quarter rose 6% year-over-year to ₹150.8 crore, although this figure represents a slight 0.9% decrease from the previous quarter. The current reporting period did not include the exceptional expenses associated with labor code-related salary restructuring that affected the company's financials in the June quarter.