CarTrade Tech reported record results for FY26, backed by robust momentum across its digital automotive marketplaces and auction services. The parent of CarWale, BikeWale, OLX India and Shriram Automall also announced new artificial intelligence initiatives aimed at streamlining vehicle discovery, pricing and transactions for Indian consumers and businesses.
Total income for FY26 rose 22% year-on-year to approximately ₹870 crore. Profit after tax grew nearly 68% to ₹243.5 crore, while EBITDA increased 70% to ₹257 crore. The company delivered an EBITDA margin of 33%, its highest to date, supported by disciplined costs and operating leverage.
In Q4 FY26, revenue crossed ₹200 crore and quarterly profit rose more than 50% over the year-ago period. Management said the balance sheet remains debt-free with strong cash reserves, providing flexibility for technology investments and growth initiatives.
Consumer platforms and auctions drive performance
CarWale and BikeWale continued to lead the consumer segment, delivering the strongest margins and revenue expansion. Shriram Automall, the group’s auction arm, reported healthy growth amid increased auction activity and improved repossession volumes, reflecting steady demand in the used-vehicle ecosystem.
OLX India, acquired in 2023, has emerged as a key profitability driver after the company exited OLX’s loss-making autos sales vertical to focus on classifieds. The platform’s diversification has accelerated, with more than half of OLX India’s revenue now coming from non-automobile categories such as jobs, electronics, real estate and household goods.
Across platforms, CarTrade said it attracts about 76 million monthly unique visitors, with roughly 95% of traffic arriving organically. The high share of unpaid traffic has helped lower customer acquisition costs and support margins.
New AI-led initiatives to enhance user experience
The company launched CarTrade Labs, an innovation hub focused on generative AI and data science applications. Planned AI-led agents will assist users with search and discovery, price intelligence, financing options, bidding in auctions and end-to-end transaction support, aiming to reduce friction and improve trust in digital vehicle purchases.
Following the May 7 announcement of FY26 and Q4 results, CarTrade Tech shares surged nearly 17% intraday. Despite earlier volatility, the company remains among India’s leading digital automotive marketplace operators, leveraging classifieds, content, and auctions to serve both consumer and enterprise demand.
