CarTrade Tech shares rise 9% after posting third consecutive quarterly profit
1 month, 3 weeks ago

CarTrade Tech shares rise 9% after posting third consecutive quarterly profit

Live Mint  

CarTrade Tech, one of India’s largest online classifieds and auto auction platforms, saw its share price skyrocket 9% in intra-day trade on Wednesday, January 29 to ₹1,489 apiece following the company's Q3FY25 earnings announcement. During market hours today, the company announced its December quarter performance, posting a consolidated net profit of ₹45.33 crore, as its three business verticals delivered their highest-ever revenue and profits. On the operational front, the company reported an EBITDA of ₹50 crore, marking a 98% growth, while the EBITDA margin improved by 1,000 basis points YoY, reaching 28%. Commenting on the company’s performance, Vinay Sanghi, Chairman and Founder, CarTrade Tech, said, “We are delighted to announce strong growth this quarter.

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