{
  "id": 16878496,
  "title": "CarTrade Tech Stock Slumps 17% After Q2 Results",
  "url": "https://urgent.news/2026/10/28/cartrade-tech-stock-slumps-17-after-q2-results",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-28T08:23:27.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/cartrade-tech-stocks-slumps-17-after-q2-results"
  },
  "original_language": "en",
  "account": "CarTrade Tech's shares experienced a significant drop of over 17% on Wednesday following the release of its Q2 FY27 results. The stock fell 17.2% to ₹2,336.10, marking a nearly 30% decline from its 52-week high of ₹3,290. Concerns over the company's financial performance led investors to question the recent growth slowdown.\n\nRevenue for the September quarter rose to ₹213 crore, marking a 10.4% increase year-on-year from ₹193 crore. However, this growth was considerably slower than the 27% recorded in the same quarter last year and 29% in FY26. Net profit, while slightly down year-on-year, showed resilience with a marginal decline of 0.8% to ₹59.5 crore from ₹60 crore. Despite the slower revenue expansion, earnings before interest, tax, depreciation and amortisation (EBITDA) showed a robust 18.8% increase to ₹76 crore, with the EBITDA margin improving to 35.7% from 33%.\n\nThe company's digital presence grew, with nearly 76 million average monthly unique visitors, of which 96% came from organic traffic. CarTrade Tech's physical footprint expanded to over 500 locations. Its remarketing business achieved an impressive annualised auction listing run rate of 1.6 million.\n\nChairman and Founder Vinay Sanghi expressed optimism about the company's technology-driven growth. He highlighted the potential of artificial intelligence (AI) to create innovative products and enhance user experiences. Sanghi also emphasized CarTrade Tech's strengths, such as its scale, organic reach and asset-light operating model, which he believes support sustainable profitability.\n\nHowever, the sharp drop in CarTrade Tech's share price following the earnings results underscored market worries about the company's slowing top-line growth despite improvements in operating margins.",
  "summary": "CarTrade Tech shares plunged more than 17% on Wednesday after the company's September quarter results showed slower revenue growth and a marginal decline in net profit. The stock declined 17.2% to reach ₹2,336.10 following the earnings announcement, reflecting investor concerns over the company's financial performance. It was also nearly 30% below its 52-week high of ₹3,290. CarTrade Tech Q2 FY27…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}