CarTrade Tech reported strong Q1 FY27 results, with overall income reaching a record ₹230 Cr, a 16% increase year-over-year.

EBITDA saw a substantial 45% surge YoY to ₹62.98 Cr, and Profit After Tax grew 21% YoY to ₹56.75 Cr.

The Adjusted EBITDA stood at ₹97.50 Cr.

The Consumer Group showed robust performance with revenue up 18% and EBITDA rising 33%. The Remarketing business expanded, with EBITDA growing 38% at a 28% margin.

OLX India delivered exceptional growth, with revenue up 29% and EBITDA jumping 76%. The company is strategically focused on transforming used car transactions through its AI-powered platforms.

Recent developments include a partnership with Spinny and leveraging its 550+ physical outlets for a seamless experience.

New AI agents for matchmaking, pricing, and condition assessment are enhancing efficiency.

The Elite Buyer program achieved over 100,000 buyers in a single month, and AI Assist was launched for new-car buying.

CarTrade maintains a strong cash balance of ₹1,321 Cr.