Cartrade Tech Q2 Results: Stock jumps over 12% after strong revenue growth, margin expansion

Shares of Cartrade Tech Ltd. surged as much as 12% on Tuesday, October 28, in response to the second quarter results that the company reported, which saw a significant improvement on a year-on-year basis.

Revenue for the company increased by 25.4% from last year to ₹193.4 crore. The company had reported a topline of ₹154.2 crore in the same quarter last year.

Earnings Before Interest, Tax, Depreciation and Amortistion (EBITDA) for the quarter nearly doubled on a year-on-year basis, to ₹63.6 crore from ₹32.6 crore, while margins expanded by 12 percentage points to 33% from 21% last year.

Net profit for the period more than doubled to ₹60 crore from ₹28 crore last year.

Cartrade mentioned in a post-earnings release that it has attracted nearly 85 million average monthly unique visitors during the quarter, with 95% of that traffic being organic. The company now has presence in over 500 physical location.

The company's remarketing business achieved an annualized run-rate of 1.8 million listings for auction.

Cartrade's consumer business revenue increased to ₹76.2 crore at the end of the September quarter from ₹55.6 crore last year, while the remarketing business revenue increased to ₹62.6 crore from ₹51 crore.

Revenue from the classifieds business increased to ₹55 crore from ₹47 crore in the year-ago period.

Shares of Cartrade Tech are trading 9.4% higher at ₹2,915 after the earnings announcement. The stock is up 17% in the last one month and has increased its gains for 2025 to 92%.