CARTRADE: Record Q2 PBT of ₹85.45 crore as EBITDA margin expanded to 36%

What happened

CarTrade reported record second-quarter profit before tax of ₹85.45 crore, with revenue up 10% year on year to ₹213.09 crore and an EBITDA margin of 36%. The company held ₹1,401 crore in cash with zero debt.

Confirmed

Global impact / market context

Record profit before tax means earnings before interest, tax, depreciation and amortisation rose strongly, which is profit before certain accounting charges. Zero debt and ₹1,401 crore cash give CarTrade room to fund growth or weather downturns without borrowed money.

Analyst inference

CarTrade's online car classifieds and remarketing business, which means reselling used vehicles, grew profit even as revenue rose only 10%. That gap suggests better profit per sale and cost control, a stronger signal for investors than sales growth alone.

Analyst inference

What to watch

1. Watch whether the 36% EBITDA margin, that is operating profit as a share of revenue, holds in coming quarters, since it shows how much profit each rupee of sales generates. Confirmed
2. Track whether CarTrade uses its ₹1,401 crore cash for acquisitions or capital spending, which means long-term investment, as such moves would change its growth and cost profile. Proposed
3. Monitor revenue growth in remarketing and OLX India, since the article credits these segments for strong EBITDA growth and any slowdown there could pressure overall profit. Analyst inference

Evidence

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