Shares of CarTrade skyrocketed 18.65% to INR 1,624.20 apiece during the intraday trading on the BSE
The rally in the stock came after the company returned to the black in the December quarter with a net profit of INR 45.53 Cr
Operating revenue zoomed 27% YoY to INR 176.21 Cr during the quarter under review
Shares of CarTrade
skyrocketed 18.65% to INR 1,624.20 apiece during the intraday trading on the BSE today (January 29) after the online classifieds and auto auction company swung into profit in the third quarter of the financial year 2024-25 (Q3 FY25).
CarTrade reported a consolidated net profit of INR 45.53 Cr in the December quarter of FY25 against a loss of INR 23.55 Cr in the year-ago quarter.
On a quarter-on-quarter basis, net profit zoomed 48% from INR 30.72 Cr.
EBITDA jumped 98% to INR 50.07 Cr in Q3 FY25 from INR 25.35 Cr in the same quarter last year. Sequentially, it spiked 53% from INR 32.70 Cr.
Operating revenue surged 27% to INR 176.21 Cr during the quarter under review from INR 138.58 Cr in Q3 FY24. Sequentially, it rose 14.3% from 154.20 Cr.
In its Q3 FY25 presentation to investors, CarTrade said that all three of its business verticals delivered the highest-ever revenue and profits. While the operating revenue of the consumer business grew 38% YoY to INR 67.99 Cr, the remarketing vertical’s operating revenue jumped 27% YoY to INR 58.57 Cr in the reported quarter.
(The story will be updated shortly.)
