CarTrade Tech shares fall 7% despite 19% rise in Q1 profit, EBITDA up 45%
Author: Economic Times Markets·
Key Takeaways
- •Consolidated net profit increased 19% year on year to Rs 51 crore in the first quarter of FY27.
- •Revenue from operations rose 16% to Rs 201 crore, while total income reached a record Rs 230 crore.
- •EBITDA grew 45% year on year to Rs 63 crore.
- •The EBITDA margin improved to 31%.
- •CarTrade Tech shares fell more than 7% despite the stronger quarterly results.
CarTrade Tech shares fell more than 7% even after the company reported a strong first-quarter FY27 performance, underscoring how investors can sometimes focus on near-term trading cues even when earnings improve. The company operates in India’s used-car and auto classifieds space, where revenue can be influenced by transaction volumes, platform activity and broader consumer demand in the auto market.
Consolidated net profit rose 19% year on year to Rs 51 crore. Revenue from operations increased 16% to Rs 201 crore, while total income reached a record Rs 230 crore. EBITDA climbed 45% year on year to Rs 63 crore, and the EBITDA margin improved to 31%.
