Cartrade Tech Ltd's Q3FY25 Quarter Results
- 30 Jan 2025
Result Summary
- Cartrade Tech Ltd reported a 12.0% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 27.1%.
- Its expenses for the quarter were up by 3.3% QoQ and 11.6% YoY.
- The net profit increased 48.2% QoQ and decreased 293.3% YoY.
- The earnings per share (EPS) of Cartrade Tech Ltd stood at 8.3 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 192.94 | 172.23 | 151.86 | 12.0% | 27.1% |
Total Expenses | 139.56 | 135.09 | 125.10 | 3.3% | 11.6% |
Profit Before Tax | 53.39 | 37.14 | 26.76 | 43.8% | 99.5% |
Tax | 7.85 | 6.42 | 4.80 | 22.3% | 63.5% |
Profit After Tax | 45.53 | 30.73 | -23.55 | 48.2% | -293.3% |
Earnings Per Share | 8.30 | 5.50 | -5.20 | 50.9% | -259.6% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Cartrade Tech Ltd is a prominent player in the automotive sector, primarily focusing on providing an online platform for buying and selling vehicles. The company operates through several key platforms, offering services that range from vehicle auctions to consumer vehicle listings. It caters to both individual consumers and businesses, including dealerships. Cartrade Tech Ltd has established itself as a significant entity in the automotive e-commerce landscape within India. Recent developments in the company may include technological advancements in their platforms or strategic partnerships aimed at expanding their market reach. However, specific recent developments are not available within the provided data.
Revenue
For the third quarter of the fiscal year 2025 (Q3FY25), Cartrade Tech Ltd reported a total income of ₹192.94 crores. This represents a substantial increase of 12.0% from the previous quarter (Q2FY25), where the total income was ₹172.23 crores. On a year-over-year basis, the growth is even more pronounced, with a 27.1% increase from the third quarter of the fiscal year 2024 (Q3FY24), which recorded a total income of ₹151.86 crores. This consistent growth in revenue highlights the company's expanding operations and possibly an increase in market demand or customer base.
Profitability
Cartrade Tech Ltd's profitability metrics for Q3FY25 illustrate a strong financial performance. The profit before tax (PBT) amounted to ₹53.39 crores, showing a notable increase of 43.8% compared to the previous quarter (Q2FY25) and an impressive rise of 99.5% year-over-year from Q3FY24. After accounting for taxes, the profit after tax (PAT) was recorded at ₹45.53 crores, marking a growth of 48.2% sequentially and a significant turnaround from a loss of ₹23.55 crores in the same quarter of the previous year. Earnings per Share (EPS) also followed a similar upward trend, reaching ₹8.30 in Q3FY25, up from ₹5.50 in Q2FY25 and recovering from a negative EPS of ₹-5.20 in Q3FY24. These figures underscore a robust profitability trajectory for Cartrade Tech Ltd over the analyzed periods.
Operating Metrics
The company's operating expenses have increased in tandem with its income, albeit at a slower pace. Total expenses for Q3FY25 were ₹139.56 crores, reflecting a 3.3% rise from Q2FY25 and an 11.6% increase compared to Q3FY24. This indicates a controlled growth in expenses relative to income, which may contribute positively to the company's overall financial performance. The tax expense for Q3FY25 was ₹7.85 crores, which is 22.3% higher than the previous quarter and 63.5% more than the same quarter last year. The growth in tax expense aligns with the increase in profit before tax. Together, these operating metrics provide insights into the company's operational efficiency and cost management strategies during the reported periods.
