CarTrade, an automobile classifieds service, presented its financial results for the third quarter of the current fiscal year (Q3 FY25) on Wednesday. The company recorded a 26% year-on-year revenue increase compared to Q3 FY24, with a significant improvement in its bottom line. The comany's income from operations increased 26.6% to Rs 176 crore in Q3 FY25, compared to Rs 139 crore in Q3 FY24, according to the company's unaudited consolidated financial statements obtained from the National Stock Exchange (NSE).

The Mumbai-based company operates in three segments: consumer, remarketing, and classifieds. Consumer segment income accounted for 39% of total operating revenue, increasing to Rs 68 crore in Q3 FY25 from Rs 50 crore in Q3 FY25. In the third quarter of the current fiscal year, the remarketing and categorized segments generated Rs 58 crore and Rs 50 crore, respectively. CarTrade also added Rs 17 crore from other non-operating businesses, bringing its total income to Rs 193 crore in Q3FY25, compared to Rs 152 crore in Q3FY24.

Regarding costs, employee benefits accounted for 53% of total expenditures, which increased by a meager 7.3% to Rs 73 crore over the course of the period. This price also includes Rs 3.36 crore in share-based charges. CarTrade's total costs rose from Rs 125 crore in Q3 FY24 to Rs 140 crore in Q3 FY24, a 12% rise.

CarTrade was able to turn things around and report a net profit of Rs 45.5 crore in Q3 FY25 as opposed to a loss of Rs 23.5 crore in Q3 FY24 thanks to robust growth and restrained spending. Nevertheless, during the first nine months of the current fiscal year, the company had already reported sales of Rs 472 crore and a net profit of Rs 99 crore. 

CarTrade's share price increased by 4.78% today, and as of 12:47, it is trading at Rs 1,433.3, with a total market capitalization of Rs 6,789 crore, or $800 million.