CarTrade Tech Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

CarTrade Tech (NSE:CARTRADE) Full Year 2024 Results

Key Financial Results

• Revenue: ₹5.55b (up 53% from FY 2023).
• Net income: ₹764.6m (up 125% from FY 2023).
• Profit margin: 14% (up from 9.3% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: ₹16.30 (up from ₹7.28 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

CarTrade Tech Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 7.6%. Earnings per share (EPS) missed analyst estimates by 73%.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Specialty Retail industry in India.

Performance of the Indian Specialty Retail industry.

The company's shares are up 21% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of CarTrade Tech's balance sheet and an in-depth analysis of the company's financial position.

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