26 Jul, EOD - Indian

SENSEX 81332.72 (1.62)

Nifty 50 24834.85 (1.76)

Nifty Bank 51295.95 (0.80)

Nifty IT 40977.35 (2.30)

Nifty Midcap 100 57768.1 (1.81)

Nifty Next 50 73400.65 (1.65)

Nifty Pharma 21603.1 (2.36)

Nifty Smallcap 100 18854 (0.97)

26 Jul, EOD - Global

NIKKEI 225 37667.41 (-0.53)

HANG SENG 17021.31 (0.10)

DOW JONES 40615.16 (1.70)

S&P 5455.68 (1.05)

Login/Signup

Hot Pursuit News

You are Here : Home > News > Hot Pursuit News >

(08 Feb 2024, 15:36)

CarTrade Tech slides on reporting net loss of Rs 24 cr in Q3 FY23

CarTrade Tech declined 2.54% to Rs 689.90 after the company reported consolidated net loss of Rs 23.55 crore in Q3 FY24 as against net profit Rs 14.05 crore recorded in Q3 FY23.

Revenue from operations jumped 42.57% to Rs 138.58 crore in Q3 FY24 from Rs 97.20 crore recorded in the corresponding quarter previous year.

The company’s total income increased 31.07% to Rs 151.86 crore in the third quarter of FY24, as compared to Rs 115.86 crore recorded in Q3 FY23.

Profit before tax from continuing operations grew by 32.81% year on year to Rs 26.76 crore during the quarter.

Adjusted EBITDA in Q3 FY24 was at Rs 43.19 crore, up 18% as compared with Rs 36.60 crore recorded in Q3 FY23. Adjusted EBITDA margin contracted to 28% in Q3 FY24 as compared to 33% recorded in the corresponding quarter previous year.

The company said that its platforms received 70 million average monthly unique visitors in Q3 FY24, of which over 90% were organic. The number of annuali...

More News
More Company News View Company Information