Cartrade Tech Limited — Q1FY27 earnings call summary

Filed 05 August 2026 · Official transcript

Q1 margins impacted by wage increments; expect margin expansion in Q2-Q4
Standalone consumer business revenue stable q-q, up 18% y-y; EBITDA margin 33%
Elite Buyer program crossed 100,000 monthly users; monetization to expand with mandatory paid plans for business buyers
AI tools (VAYA AI) deployed for pricing, condition, matchmaking; incremental cost minimal due to in-house data
Q1FY27 consolidated revenue grew 16% y-y; EBITDA up 45% with margin at 31% (vs 25% last year)
OLX revenue grew 29%, EBITDA surged 76%, PAT up 27% despite tax impact
Management confident of sustained growth and margin expansion over next 4-5 years
Strategic partnership with Spinny launched to integrate digital and physical used car buying/selling experience