Shares of BSE‑listed CarTrade Tech tumbled 17.2% to ₹2,336.1 on Wednesday, after the company revealed Q2 revenue of ₹213 crore, a 10.4% YoY increase that missed analysts’ estimate of ₹225 crore.
The 10.4% rise is a sharp slowdown from the 27% growth seen in the September quarter of FY 2025, and from 29% growth in the same quarter of FY 2026, according to the company’s filing.
Net profit stayed flat at ₹59.5 crore, down 0.8% YoY, while EBITDA rose 18.8% to ₹76 crore and margin expanded to 35.7%, a 270‑basis‑point lift from 33% last year.
The platform logged nearly 76 million average monthly unique visitors, 96% organic, and the remarketing arm hit an annualized run‑rate of 1.6 million listings for auction.
Meanwhile, OLX India reported 26% revenue growth and 36% EBITDA growth, underscoring the sector’s consolidation.
Vinay Sanghi, chairman, said the firm’s AI‑driven product roadmap positions it for sustainable, profitable growth.