CarTrade Tech swings to profit in Q3, helped by strong demand in festive season

CarTrade Tech has reported strong growth in its Q3 FY25 financial results, with notable revenue and profit increases. The company, which operates a leading pre-owned vehicle platform, recorded Rs 176 crore in revenue and Rs 455 crore in profit, marking a significant year-over-year improvement. The growth comes amid the increasing consumer demand for pre-owned vehicles, driven by economic uncertainty and a shift in consumer preferences towards more cost-effective alternatives. CarTrade’s success is attributed to its robust business model, effective digital strategies, and partnerships with automotive dealers. The platform’s strong financial performance demonstrates the scalability and resilience of its operations in a competitive market.