CarTrade Tech Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 09, 2023 at 05:57 am EST
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CarTrade Tech Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 3,143.39 million compared to INR 878.87 million a year ago. Revenue was INR 3,302.42 million compared to INR 1,024.91 million a year ago. Net income was INR 109.35 million compared to INR 34.42 million a year ago. Basic earnings per share from continuing operations was INR 2.33 compared to INR 0.74 a year ago. Diluted earnings per share from continuing operations was INR 2.15 compared to INR 0.68 a year ago.
For the six months, sales was INR 4,004.08 million compared to INR 1,706.67 million a year ago. Revenue was INR 4,371.56 million compared to INR 1,952.66 million a year ago. Net income was INR 239.34 million compared to INR 60.08 million a year ago. Basic earnings per share from continuing operations was INR 5.11 compared to INR 1.29 a year ago. Diluted earnings per share from continuing operations was INR 4.69 compared to INR 1.18 a year ago.
CarTrade Tech Limited is an India-based multi-channel auto platform with coverage and presence across vehicle types and value-added services. The Company offers a variety of solutions across the automotive transaction value chain such as the buying, selling, marketing, valuation, and financing of new and used cars, two-wheelers, commercial vehicles, and farm and construction equipment. The Companyâs platforms enable new and used automobile customers, vehicle dealerships, vehicle original equipment manufacturers (OEMs), and other businesses to buy and sell their vehicles in a simple and efficient manner. It offers inspection and valuation services, and technology solutions for banks and insurance companies. It offers its services under the CarWale, CarTrade, Shriram Automall, BikeWale, CarTradeExchange, Adroit Auto and AutoBiz brands. The Company's subsidiaries include M/s Shriram Automall India Limited, M/s CarTrade Finance Private Limited and M/s Cartrade Foundation.
CARTRADE TECH LIMITED 
