CarTrade

Company limited by shares (2)

CarTrade Overview

INDIA HO
THRISSUR
CIN
U50103KL2002PTC015417
TYPE
PRIV
CATEGORY
Company limited by shares
SUB-CATEGORY
Indian Non-Government Company
WEBSITE
EMAIL
itonlinefiling2009@gmail.com
FOUNDED
15 May,2002
PAID-UP CAPITAL
100,000
AUTHORISED CAPITAL
200,000
N/A Related OEMs
N/A No. of plants

CarTrade in News

12 Jan 2024

CarTrade Technologies open to further acquisitions to fast-track expansion plans

The integration with OLX, CEO Vinay Sanghi said, has also helped more than double the average number of unique visitors to 68 million per month, with 90% of these coming in organically. While auto still continues to comprise 80% of revenues at the Group, Sanghi said the focus will also be on expanding non-auto business verticals going ahead.

10 Aug 2023

CarTrade Tech shares jump 7% as Q1 PAT soars 300% YoY

The company received 3.4 crore average monthly unique visitors for Q1 FY24, of which 85% were organic, the company filing claimed. The number of listings for auction was 250,103 for Q1 FY24 while the volumes sold via auction was 49,112 during the reporting quarter.

28 Apr 2023

CarTrade Q4 results: Profit at Rs 17.5 crore, revenue grows 19% YoY

Multi-channel auto platform CarTrade Tech reported a consolidated net profit of INR 17.49 crore (USD 2.3m) for Q4 FY23. This compares with a net loss of INR 21.39 crore in the same period a year ago. Its revenue surged 19% YoY to INR 116.6 crore due to organic growth from its brand, CarWale, which has over 34 million average monthly unique visitors. Its adjusted EBITDA for the year ended March 31, 2023, stood at INR 124.92 crore, while adjusted PAT for the same period was INR 80 crore.

29 Apr 2022

Nomura initiates coverage on this new-age stock with 'buy'

"CarTrade will benefit from rising digital spends by auto OEMs (14% share in FY20) and dealers (6-8% share), as a majority of customers are using the online medium to search for cars. We estimate auto digital spends to record a 22% CAGR over FY22-25," said Nomura in a note dated April 28.

13 Apr 2017

Pre-owned car marketers target electric and hybrid vehicles

In focus are cities like Bengaluru where the electric vehicle population has grown in the last couple of years. Also in focus are in-campus commercial vehicle usage as well as short-distance second car options even in cities like Delhi.

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