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CarTrade Tech Ltd | Investor Presentation Investor Presentation Q2 FY26 Quarter ended October 2025
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CarTrade Tech Ltd | Investor Presentation Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by CarTrade Tech Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, The Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections. 2
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CarTrade Tech Ltd | Investor Presentation ❑ CarTrade Tech delivers its best-ever performance All three business verticals delivered their highest-ever revenue and profits • Highest ever Revenue – ₹222 Cr Revenue | +29% (Y-o-Y) • Exponential growth in profits – ₹64 Cr PAT | +109% (Y-o-Y) • Delivered strong sequential growth, with EBITDA rising 46% over Q2 vs Q1 FY26. • 150+ Million Users in each of our platforms – CarWale, BikeWale and OLX ❑ Consumer Group Driving Growth • Q2 vs Q2 (Y-o-Y): Revenue increased by 37%, resulting in 82% PAT growth. • Achieved 40% EBITDA margin in Q2 FY26, a benchmark for excellence in the industry. ❑ Remarketing Business momentum • Q2 vs Q2 (Y-o-Y): Delivered 23% revenue growth and 30% PAT growth. ❑ OLX India’s Consistent Growth • Q2 vs Q2 (Y-o-Y): Revenue increased by 17% and 213% PAT Growth. • Olx continues its quarter-on-quarter growth trajectory, achieving a 30% EBITDA margin in Q2 FY26 3 Profit Surges 109% to ₹64 crores
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CarTrade Tech Ltd | Investor Presentation Note: 1. Based on relative online search popularity on Google Trends when compared to our key competitors over the period from September 2024 to September 2025 for CarWale (CW), BikeWale (BW) & OLX India. 2. Monthly. Average Unique visitor (MAU) that visit our websites or apps, across Carwale, Bikewale and CarTrade ~ 52.4 Mn MAU and on OLX India ~ 32.1 Mn MAU for FY 26 Q2. 3. Organic Unique Visitors of Carwale, Bikewale, Cartrade 92% & OLX India 100%. 4. Q2 FY26 annualised auction listing for Remarketing business is 1.77 Mn and Q2 FY26 annualised auction volume for Remarketing business is 2.79 lakhs. Highest ever Revenue ₹ 222 Crores and PAT at ₹ 64 Crores in Q2FY26 #1 - Auto Portal in India(1) - Used Classified Business (1) - Vehicle Auction Platform 1.8 Mn FY26 Auction Listings(4) ~85 Mn MAU(2) Across Platforms ~100 Mn+ App Downloads ₹ 222 Crores Revenue Q2 FY26 ₹ 96 Crores Adj EBITDA Q2 FY26 ₹ 64 Crores Profit after tax Q2 FY26 500+ Physical Locations Automall, abSure & OLX India outlets 95% (3) Organic Unique Visitors in Q2 FY26 Debt free strong Cash balance of around ₹ 1080 Crores INR 4
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CarTrade Tech Ltd | Investor Presentation CarTrade Tech Group EBITDA Margin Zooms to 33% Amount in Rs lakhs 5 Year ended Sep 30, 2025 Jun 30, 2025 Sep 30, 2024 Y-o-Y Sep 30, 2025 Sep 30, 2024 Y-o-Y Mar 31, 2025 Income Revenue from operations (A) 19,341.26 17,303.97 15,420.94 25% 36,645.23 29,572.81 24% 64,145.73 Other income 2,873.14 2,546.11 1,801.94 59% 5,419.25 3,320.54 63% 6,987.97 Total Income 22,214.40 19,850.08 17,222.88 29% 42,064.48 32,893.35 28% 71,133.70 Employee cost 7,755.07 7,522.22 6,992.75 11% 15,277.29 14,054.82 9% 28,436.02 Marketing 784.47 871.39 782.19 0% 1,655.86 1,531.16 8% 3,190.98 Other expenses 4,442.36 4,559.77 4,375.89 2% 9,002.13 8,524.25 6% 17,431.83 Total expenses (B) 12,981.90 12,953.38 12,150.83 7% 25,935.28 24,110.23 8% 49,058.83 EBITDA (A) - (B) 6,359.36 4,350.59 3,270.11 94% 10,709.95 5,462.58 96% 15,086.90 EBITDA % 33% 25% 21% 29% 18% 24% Finance cost 303.47 302.48 293.98 3% 605.95 548.54 10% 1,152.67 Depreciation and amortization expense 936.56 902.96 1,063.75 -12% 1,839.52 2,070.55 -11% 4,086.02 Profit Before Tax 7,992.47 5,691.26 3,714.32 115% 13,683.74 6,164.03 122% 16,836.18 Tax expenses 717.48 432.55 369.12 94% 1,150.03 453.65 154% 982.85 Deferred tax adjustment 867.40 552.39 272.57 218% 1,419.79 347.89 308% 1,326.76 Profit After Tax 6,407.59 4,706.32 3,072.63 109% 11,113.92 5,362.49 107% 14,526.57 Adjusted EBITDA 9,573.36 7,282.21 5,681.18 69% 16,855.57 9,996.10 69% 24,137.12 Adjusted EBITDA % 43% 37% 33% 40% 30% 34% Particulars Quarter ended Half Year ended
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CarTrade Tech Ltd | Investor Presentation 6 Amount in Rs lakhs Consumer Group: Revenue +37% | PAT +82% YoY in Q2FY26 Year ended Sep 30, 2025 Jun 30, 2025 Sep 30, 2024 Y-o-Y Sep 30, 2025 Sep 30, 2024 Y-o-Y Mar 31, 2025 Income Revenue from operations (A) 7,624.75 6,638.16 5,562.29 37% 14,262.91 10,608.55 34% 23,771.86 Other income 917.08 1,250.85 1,046.28 -12% 2,167.93 1,957.25 11% 4,084.11 Total Income 8,541.83 7,889.01 6,608.57 29% 16,430.84 12,565.80 31% 27,855.97 Employee cost 3,012.72 3,104.30 2,947.63 2% 6,117.02 5,942.02 3% 11,956.23 Marketing 727.99 792.45 723.27 1% 1,520.44 1,316.22 16% 2,796.18 Other expenses 815.97 798.63 770.01 6% 1,614.59 1,505.74 7% 2,989.54 Total expenses (B) 4,556.68 4,695.38 4,440.92 3% 9,252.06 8,763.99 6% 17,741.95 EBITDA (A) - (B) 3,068.06 1,942.79 1,121.37 174% 5,010.85 1,844.56 172% 6,029.91 EBITDA % 40% 29% 20% 35% 17% 25% Finance cost 18.49 18.83 21.73 -15% 37.32 35.25 6% 72.65 Depreciation and amortization expense 247.33 233.36 240.25 3% 480.69 490.11 -2% 949.53 Profit Before Tax 3,719.33 2,941.44 1,905.68 95% 6,660.78 3,276.45 103% 9,091.84 Tax expenses - - - - - - Deferred tax adjustment 850.41 642.03 330.47 157% 1,492.44 413.70 261% 1,646.10 Profit After Tax 2,868.92 2,299.41 1,575.21 82% 5,168.34 2,862.75 81% 7,445.74 Adjusted EBITDA 4,090.29 3,351.44 2,447.61 67% 7,441.73 4,358.21 71% 11,223.56 Adjusted EBITDA % 48% 42% 37% 45% 35% 40% Particulars Quarter ended Half Year ended
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CarTrade Tech Ltd | Investor Presentation 7 Amount in Rs lakhs Remarketing Business: Revenue +23% | PAT +30% YoY in Q2FY26 Year ended Sep 30, 2025 Jun 30, 2025 Sep 30, 2024 Y-o-Y Sep 30, 2025 Sep 30, 2024 Y-o-Y Mar 31, 2025 Income Revenue from operations (A) 6,262.43 5,939.57 5,104.65 23% 12,202.00 9,511.09 28% 21,238.07 Other income 603.15 652.85 620.17 -3% 1,256.00 1,073.00 17% 2,151.34 Total Income 6,865.58 6,592.42 5,724.82 20% 13,458.00 10,584.09 27% 23,389.41 Employee cost 2,709.65 2,484.62 2,011.11 35% 5,194.27 4,055.98 28% 9,007.89 Other expenses 1,913.92 2,075.67 1,895.98 1% 3,989.59 3,630.00 10% 7,653.30 Total expenses (B) 4,623.57 4,560.29 3,907.09 18% 9,183.86 7,685.98 19% 16,661.19 EBITDA (A) - (B) 1,638.86 1,379.28 1,197.56 37% 3,018.14 1,825.11 65% 4,576.88 EBITDA % 26% 23% 23% 25% 19% 22% Finance cost 275.11 272.42 256.09 7% 547.53 485.95 13% 1,024.96 Depreciation and amortization expense 597.55 566.09 535.23 12% 1,163.64 1,007.58 15% 2,121.13 Profit Before Tax 1,369.35 1,193.62 1,026.41 33% 2,562.97 1,404.58 82% 3,582.13 Tax expenses 362.56 342.75 285.37 27% 705.32 369.28 91% 980.34 Deferred tax adjustment 16.98 -89.63 -18.14 -72.66 13.28 -162.02 Profit After Tax 989.81 940.50 759.18 30% 1,930.31 1,022.02 89% 2,763.81 Adjusted EBITDA 2,245.03 2,035.11 1,823.57 23% 4,280.14 2,909.73 47% 6,751.39 Adjusted EBITDA % 33% 31% 32% 32% 27% 29% Particulars Quarter ended Half Year ended
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CarTrade Tech Ltd | Investor Presentation 8 Amount in Rs lakhs OLX India: Revenue +17% | PAT +213% YoY in Q2FY26 For the Period Sep 30, 2025 Jun 30, 2025 Sep 30, 2024 Y-o-Y Sep 30, 2025 Sep 30, 2024 Y-o-Y Mar 31, 2025 Income Revenue from operations (A) 5,551.74 4,814.33 4,762.49 17% 10,366.07 9,464.71 10% 19,213.06 Other income 1,350.57 640.00 186.50 624% 1,990.57 342.13 482% 818.68 Total Income 6,902.31 5,454.33 4,948.99 39% 12,356.64 9,806.84 26% 20,031.74 Employee cost 1,987.95 1,888.66 1,998.43 -1% 3,876.61 3,985.20 -3% 7,318.72 Other expenses 1,911.57 1,896.99 1,909.06 0% 3,808.56 3,785.04 1% 7,538.22 Total expenses (B) 3,899.52 3,785.65 3,907.49 0% 7,685.17 7,770.24 -1% 14,856.94 EBITDA (A) - (B) 1,652.22 1,028.68 855.00 93% 2,680.90 1,694.47 58% 4,356.12 EBITDA % 30% 21% 18% 26% 18% 23% Finance cost 9.87 11.23 16.16 -39% 21.10 27.34 -23% 55.07 Depreciation and amortization expense 91.68 103.51 128.17 -28% 195.19 254.38 -23% 475.86 Profit Before Tax 2,901.24 1,553.94 897.17 223% 4,455.18 1,754.88 154% 4,643.87 Tax expenses 354.26 89.16 83.18 326% 443.42 83.18 433% - Profit After Tax 2,546.98 1,464.78 813.99 213% 4,011.76 1,671.70 140% 4,643.87 Adjusted EBITDA 3,235.49 1,893.41 1,364.83 137% 5,128.90 2,681.56 91% 6,104.34 Adjusted EBITDA % 47% 35% 28% 42% 27% 30% Particulars Quarter ended Half Year ended
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CarTrade Tech Ltd | Investor Presentation 9 Key Advantages of having a large Organic Customer Base 9 Amount in Rs lakhs Segmental Results - Diversified Growth. Profitable Segments. One Platform. Year ended Sep 30, 2025 Jun 30, 2025 Sep 30, 2024 Y-o-Y Sep 30, 2025 Sep 30, 2024 Y-o-Y Mar 31, 2025 Segment Revenue 19,341.26 17,303.97 15,420.94 25% 36,645.23 29,572.81 24% 64,145.73 Consumer 7,624.75 6,638.16 5,562.29 37% 14,262.91 10,608.55 34% 23,771.86 Remarketing 6,262.43 5,939.57 5,104.65 23% 12,202.00 9,511.09 28% 21,238.07 Olx India 5,551.74 4,814.33 4,762.49 17% 10,366.07 9,464.71 10% 19,213.06 Less: Intersegment eliminations -97.66 -88.09 -8.49 -185.75 -11.54 -77.26 Segment Result 6,700.22 4,736.10 3,879.24 73% 11,436.32 6,675.56 71% 17,149.15 Consumer 3,173.21 2,100.56 1,401.34 126% 5,273.77 2,400.96 120% 7,139.46 Remarketing 1,641.88 1,382.26 1,203.41 36% 3,024.14 1,836.70 65% 4,600.05 Olx India 1,884.91 1,253.41 1,178.31 60% 3,138.32 2,339.43 34% 5,285.68 Less: Intersegment eliminations 0.22 -0.13 96.18 0.09 98.47 123.96 Unallocated 1,292.25 955.16 -164.92 2,247.41 -511.53 -312.97 Add: Other income 2,873.14 2,546.11 1,801.94 59% 5,419.25 3,320.54 63% 6,987.97 Less: Finance Cost -303.47 -302.48 -293.98 3% -605.95 -548.54 10% -1,152.67 Less: Depreciation and Amortisation expenses -936.56 -902.96 -1,063.75 -12% -1,839.52 -2,070.55 -11% -4,086.02 Less: Share based expenses -340.86 -385.51 -609.13 -44% -726.37 -1,212.98 -40% -2,062.25 Profit before Tax 7,992.47 5,691.26 3,714.32 115% 13,683.73 6,164.03 122% 16,836.18 Tax -1,584.88 -984.94 -641.69 147% -2,569.82 -801.54 221% -2,309.61 Profit for the period / year 6,407.59 4,706.32 3,072.63 109% 11,113.91 5,362.49 107% 14,526.57 Particulars Quarter ended Half Year ended
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MUFG Intime India Private Limited CIN: U67190MH1999PTC118368 Ms. Nidhi Vijaywargia | Mr. Aryan Sumra nidhi.vijaywargia@in.mpms.mufg.com aryan.sumra@in.mpms.mufg.com CarTrade Tech Limited CIN: L74900MH2000PLC126237 Mr. Lalbahadur Pal Company Secretary & Compliance Officer Email id: investor@cartrade.com Thank You 10 Link LinkMeeting Request