Cartrade Tech has allotted 65,750 equity shares under ESOP on 20 December 2024. Consequent to this allotment, the paid-up share capital of the Company stands increased 0to Rs. 47,36,70,850/- consisting of 4,73,67,085 equity shares of face value of Rs. 10 each. Powered by Capital Market - Live News

CarTrade Tech announces a significant milestone achieved by its businesses - CarWale, BikeWale and OLX India. Each of these platforms has crossed 150 million yearly unique users, with more than 90% of the traffic being generated organically. This remarkable growth reflects CarTrade Tech Group`s robust performance and reinforces its position as a market leader in the automotive ecosystem. The surge in user engagement has been instrumental in driving strong revenue growth for the Company. The current festive season has delivered a strong revenue growth for the Company. The Company`s assetlight business model continues to set it apart, delivering consistent profitability. In Q3 FY25, the Company driven by strong operating margins, anticipates approximately a growth of 25-30% in Profit After Tax (PAT) over the previous quarter - Q2 FY25. Powered by Capital Market - Live News

CarTrade Tech announced an outstanding performance during the Diwali-Dussehra festive period from its Consumer Group (CarWale and BikeWale), achieving an all-time highs in October 2024.Reflecting on this success, the consumer group expects to report an impressive 30% year-over-year (YoY) revenue growth for the third quarter. Monthly unique customers in October 2024 for the Consumer Group platforms surged by 36% YoY, marking a substantial increase in consumer engagement and traffic.Banwari Lal Sharma, CEO of Consumer Group said, �This festive season has been excellent for CarWale and BikeWale. Our platforms have seen unprecedented consumer interest, resulting in record revenues and traffic growth. This performance is a testament to our dedication and commitment of delivering value to consumers and partners alike. We are excited about our growth trajectory and remain focused on further enhancing our offerings to meet the evolving needs of the automotive market.�Powered by Capital Market - Live News

The Board of CarTrade Tech on 28th October 2024 has approved the allotment of 1,250 equity shares of face value of Rs. 10/- (Rupees Ten Only) each to eligible Employee pursuant to Exercise of vested options under Employee Stock Option Plan 2021 (I) [�ESOP 2021 (I)�].Powered by Capital Market - Live News

Net profit of Cartrade Tech rose 826.25% to Rs 27.88 crore in the quarter ended September 2024 as against Rs 3.01 crore during the previous quarter ended September 2023. Sales rose 28.50% to Rs 154.21 crore in the quarter ended September 2024 as against Rs 120.01 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales154.21120.01 28 OPM %21.2017.65 - PBDT47.7834.86 37 PBT37.1425.78 44 NP27.883.01 826 Powered by Capital Market - Live News