CARTRADE Q2 FY27 Guidance vs Delivery (CARTRADE Management Mirror)

Sep'26 Qtr Total Income Hits Record 236 Cr; EBITDA Grows 20% QoQ as Guided in Jun'26 Qtr

For Sep'26 Qtr, CarTrade reported its highest-ever total income of 236 crores (operating revenue of 213 crores), with EBITDA reaching 76 crores (up 20% QoQ) and EBITDA margin expanding to 36% (up from 33% QoQ), while PAT came in at 59.49 crores. This outcome aligns with management's guidance from the Jun'26 Qtr concall, which stated that operating costs would see little escalation post-annual increments, allowing incremental revenues to flow directly into EBITDA. Looking ahead, management expects Dec'26 Qtr (Q3 FY27) to be the best-ever quarter in the company's history across revenue and EBITDA for nearly all businesses, supported by festive tailwinds, postponed demand, and product traction. Consolidated EBITDA is guided to sustain sequential growth from Q2 to Q3 at a pace similar to the 20% QoQ growth delivered in Q2.