Automotive Platform 'CarTrade Tech' sees Profit slip in Q1-2025
In the first quarter of FY25, the automotive classifieds portal CarTrade Tech registered a decrease in operating revenue of 2.8% quarter over quarter. Simultaneously, its profit endured a shot of 8% because of rising worker costs. CarTrade Tech’s working income diminished to 
141 crore in Q1 FY25, from 145 crore in Q4 FY24, as per its documentation with NSE.
141 crore in Q1 FY25, from 145 crore in Q4 FY24, as per its documentation with NSE.
The Mumbai-based organization works in three portions: Remarketing, Consumers and Classifieds. During the first quarter of FY25, the income from these segments was 50 crore, 44 crore, and 47 crore, respectively. The company made a total of 156 crore in Q1 FY25 from other income, which remained flat year over year. CarTrade’s consume on its employees represented 54% of the general cost.
50 crore, 44 crore, and 47 crore, respectively. The company made a total of 156 crore in Q1 FY25 from other income, which remained flat year over year. CarTrade’s consume on its employees represented 54% of the general cost.
This cost became 6% to 71 crore in Q1 FY25 from 67 crore in Q4 FY24. Different costs, including legitimate and publicizing, took the association’s general expenses for 132 crore in the said quarter. Its profit decreased by 8% to 23 crore in the first quarter of FY25 as a result of the slight decline in revenue.
71 crore in Q1 FY25 from 67 crore in Q4 FY24. Different costs, including legitimate and publicizing, took the association’s general expenses for 132 crore in the said quarter. Its profit decreased by 8% to 23 crore in the first quarter of FY25 as a result of the slight decline in revenue.
Note that in August of last year, CarTrade paid 535 crore to acquire all of OLX India’s operations. Post obtaining, the organization settled on an essential choice to close its C2B tasks, explicitly in the pre-owned vehicle retail portion.
535 crore to acquire all of OLX India’s operations. Post obtaining, the organization settled on an essential choice to close its C2B tasks, explicitly in the pre-owned vehicle retail portion.
According to the NSE filing, the company emphasized that it will continue to focus on and expand its classified business, Olx.in, which includes both auto and non-auto verticals.
CarTrade was exchanging at 861 and its absolute market capitalization remained at 4, 063 crore or $490 million.
861 and its absolute market capitalization remained at 4, 063 crore or $490 million.
