CarTrade Tech Ltd

Cessation: CEO - Consumer Business

• Banwari Lal Sharma, CEO - Consumer Business, resigned effective August 25, 2026 to pursue new opportunities.
• Tenure of more than 22 years at the company.
• Consumer Business to continue under existing leadership led by Vinay Sanghi, CMD.
• No interim CEO has been named; continuity arrangements in place.
• Resignation letter attached as Annexure-II.
• Date of cessation: August 25, 2026.

Meeting Details

• Date: Aug 17, 2026; Motilal Conference; physical, one-on-one/group.
• Time: Not disclosed.
• Meeting type: Analyst / Institutional Investor meetings.

Purpose

• Purpose: Schedule of Analyst/Institutional Investor meetings.

Meeting Details

• Date: July 29, 2026.
• Type and mode: Group earnings conference call, virtual.
• Organiser: MUFG Intime India Private Limited.
• Event: CarTrade Tech Q1 FY27 Earnings Conference Call.

Participants

• Chairman and Managing Director (company).
• Executive Director and Chief Financial Officer.
• Chief Strategy Officer.
• External moderator: MUFG Intime India Private Limited.

Purpose

• Discuss Q1 FY27 results and outlook; investor interaction.

Additional Notes

• Transcript of the call enclosed; will be on company website.
• Conference recording available; presentation and filings on company website.
• Key topics include Spinny partnership, Elite Buyer/Seller programs, VAYA AI.

Meeting Details

• Date: July 29, 2026; time not disclosed.
• Type: group earnings conference call; mode virtual.
• Organizer: CarTrade Tech Ltd.
• Key participants: company management (roles not specified).
• Purpose: discuss unaudited standalone and consolidated results for quarter ended June 30, 2026.
• Availability: recording and presentation posted on site; presentation filed with exchanges.

Consolidated results

• Revenue from operations ₹20,116.32 lakh; YoY growth 16.1%.
• Total income ₹22,973.82 lakh; YoY growth 15.7%.
• Profit before tax ₹7,451.72 lakh; YoY growth ~30.9%.
• Profit after tax ₹5,675.29 lakh; YoY growth ~20.6%.
• Exceptional item ₹307.55 lakh in quarter; ₹650.71 lakh in FY2026.
• EPS basic ₹10.69; diluted ₹10.26.
• Segment revenues: Consumer ₹7,811.03 lakh; Remarketing ₹6,723.28; Classifieds ₹6,217.94.
• Total segment revenue ₹20,752.25 lakh; net revenue from operations ₹20,116.32 lakh.

Standalone results

• Revenue from operations ₹7,811.03 lakh; Total income ₹9,146.14 lakh.
• Profit after tax ₹2,573.69 lakh; EPS basic ₹5.37; diluted ₹5.15.
• Exceptional item ₹307.55 lakh included in standalone results.

Labour Codes impact

• Incremental labour-code expense ₹307.55 lakh in Q1 FY27.
• FY2026 exceptional expense ₹650.71 lakh; restructuring completed.

Business model & segments

• Online auto marketplace with Consumer, Remarketing, Classifieds segments.
• Revenue streams include CarTrade Finance operations.
• Key subsidiaries: Shriram Automall India Limited; CarTrade Finance Private Limited.

Financial highlights

• Total Income ₹230 crore in Q1FY27; up 16% YoY
• EBITDA ₹63 crore; up 45% YoY; margin 31%
• PBT before exceptional item ₹78 crore; up 36% YoY
• PBT ₹75 crore; up 31% YoY
• PAT ₹57 crore; up 21% YoY

Vertical performance

• Consumer Group revenue up 18% YoY; EBITDA margin 33%
• Remarketing revenue up 13% YoY; EBITDA up 38% YoY; margin 28%
• OLX India revenue up 29% YoY; EBITDA up 76% YoY; margin 29%

Operational highlights

• ~80 million average monthly unique visitors in Q1FY27, with 95% organic
• Over 500 physical locations including Shriram Automall, CarWale/abSure, Signature and OLX outlets
• CarWale, BikeWale, OLX India together exceed 150 million annual unique visitors
• Remarketing run-rate of 1.5 million auction listings (annualized)

Strategic initiatives

• Launch of VAYA AI to enhance customer experience and operational efficiency

Outlook / guidance

• Management emphasised profitable growth; no numeric guidance provided

Business overview

• Online auto platforms across Consumer Group, Remarketing, and OLX India.
• Monetization through marketplaces, online auctions, and classifieds.
• 500+ physical locations support omnichannel reach.

Financial performance

• Total income ₹22,973.82 lakh in Q1 FY27; up 16% YoY.
• Revenue from operations ₹20,116.32 lakh; EBITDA ₹6,297.71 lakh; margin 31%.
• Adjusted EBITDA ₹9,750.43 lakh (42% margin) in quarter.
• PAT ₹5,675.29 lakh; annual revenue ₹86,976.94 lakh.

Segment performance

• Consumer Group: revenue ₹7,811.03 lakh; EBITDA ₹2,586.06 lakh; PAT ₹2,573.69 lakh.
• Remarketing: revenue ₹6,723.28 lakh; EBITDA ₹1,900.72 lakh; PAT ₹1,236.54 lakh.
• OLX India: revenue ₹6,217.94 lakh; EBITDA ₹1,811.58 lakh; PAT ₹1,862.81 lakh.
• MAU across platforms ~80 million; ~100 million app downloads.

Strategic priorities & AI

• AI initiatives: VAYA AI; AI agents for match-making, pricing, condition.
• End-to-end digital journey with 17 steps; monetization opportunities.
• Partnership model with 550+ abSure and Signature Spinny outlets.

Capital structure & liquidity

• Cash balance ~₹1,321 crore; liquidity metrics not elaborated in this update.

Risks

• Forward-looking statements subject to macro, competitive, and execution risks.

Partnership details

• CarTrade Tech and Spinny announce a strategic partnership to transform used-car buying and selling in India.
• Spinny will sell quality-assured used cars on CarWale and OLX India.
• CarTrade's VAYA AI connects CarWale and OLX India users with Spinny offerings.
• Integration aims to simplify the purchasing journey for consumers.
• The collaboration leverages OLX India and CarWale's large buyer/seller base with Spinny's operations.
• Over 23 million consumers visit OLX India and CarWale annually.
• The parties aim to enhance customer journey and trust in used-car transactions.

Transaction summary

• Target Company is CarTrade Tech Limited.
• Disclosing Party: MacRitchie Investments Pte. Ltd.; not part of promoter group.
• Transaction Type: Open market sale of voting rights by MacRitchie Investments Pte. Ltd.
• Pre-Transaction Holding: Before sale, 40,15,668 shares (8.39% voting, 7.84% diluted); encumbrances Nil.
• Transaction Details: 3,04,529 shares sold (0.64% voting, 0.59% diluted) via open market.
• Post-Transaction Holding: 37,11,139 shares (7.75% voting, 7.24% diluted).
• Date of Transaction: July 14, 2026.
• Share Capital Context: Pre 4,78,78,035; Post 4,78,78,035; Diluted 5,12,27,585.