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CarTrade Tech Ltd | Investor Presentation Investor Presentation Q3 FY26 Quarter ended January 2026
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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 FY23 FY24 FY25 FY26* Earnings Per Share INNOVATION DRIVES GROWTH AND PROFITS Profit after tax ~₹250 Cr* - Among a select set of profitable listed digital platforms COMPOUNDING AT SCALE Revenue CAGR 32% EBITDA CAGR 112% PAT CAGR 83% CAPITAL STRENGTH Debt Profile | Zero Debt Cash Generated | ~400 Crores* (Adj. EBITDA ) SHAREHOLDER VALUE Share Price CAGR 94% EPS CAGR 92% STRUCTURAL MARGIN EXPANSION ₹1,145+ Cr CASH RESERVES Return On Equity 10%37% 3 years Growth Story [FY 2023 to FY 2026*] 7 51 *FY 2026 numbers are Q3 annualized numbers
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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 – ₹228 Cr Revenue | +18% (Y-o-Y) • EBITDA at ₹78 crores rising 56% (Y-o-Y) and 23% sequentially. Margin at 37% in Q3 • Exponential growth in profits – ₹62 Cr PAT | +35% (Y-o-Y) • Profit after tax (excluding impact of New Labour Code) is at ₹68 crores |+ 49% (Y-o-Y) • 150+ Million Users in each of our platforms – CarWale, BikeWale and OLX ❑ Consumer Group Driving Growth • Q3 vs Q3 (Y-o-Y): Revenue increased by 27%. • Q3 vs Q3 (Y-o-Y): EBITDA increased by 55% and achieved 43% EBITDA margin in Q3 FY26, a benchmark for excellence in the industry. ❑ Remarketing Business momentum • Q3 vs Q3 (Y-o-Y): Delivered 12% revenue growth and 68% PAT growth. • Q3 vs Q3 (Y-o-Y): EBITDA Margin increased from 23% in Q3 FY25 to 30% in Q3 FY26 ❑ OLX India’s Consistent Growth • Q3 vs Q3 (Y-o-Y): Revenue increased by 18% and 70% Growth in EBITDA. • Olx continues its quarter-on-quarter growth trajectory, achieving a 37% EBITDA margin in Q3 FY26 4 Record Revenue of 228 crores | EBITDA zooms by 56% to 78 crores | Margins 37%
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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 December 2024 to December 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 ~ 55.1 Mn MAU and on OLX India ~ 29.8 Mn MAU for FY 26 Q3. 3. Organic Unique Visitors of Carwale, Bikewale, Cartrade 92% & OLX India 100%. 4. Q3 FY26 annualised auction listing for Remarketing business is 1.88 Mn and Q3 FY26 annualised auction volume for Remarketing business is 2.68 lakhs. Highest ever Revenue ₹ 228 Crores | PAT at ₹ 62 Crores in Q3FY26 #1 - Auto Portal in India(1) - Used Classified Business (1) - Vehicle Auction Platform 1.9 Mn FY26 Auction Listings(4) ~85 Mn MAU(2) Across Platforms ~100 Mn+ App Downloads ₹ 228 Crores Revenue Q3 FY26 ₹ 101 Crores Adj EBITDA Q3 FY26 ₹ 62 Crores Profit after tax Q3 FY26 Profit after tax excl. Labour Law Impact – ₹ 68 crores 500+ Physical Locations Automall, abSure & OLX India outlets 95% (3) Organic Unique Visitors in Q3 FY26 Debt free strong Cash balance of around ₹ 1145 Crores INR 5
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CarTrade Tech Ltd | Investor Presentation CarTrade Tech Group EBITDA Margin Zooms to 37% Amount in Rs lakhs 6 Year ended Dec 31, 2025 Sep 30, 2025 Dec 31, 2024 Y-o-Y Dec 31, 2025 Dec 31, 2024 Y-o-Y Mar 31, 2025 Income Revenue from operations (A) 20,967.18 19,341.26 17,621.54 19% 57,612.41 47,194.35 22% 64,145.73 Other income 1,870.10 2,873.14 1,672.68 12% 7,289.35 4,993.22 46% 6,987.97 Total Income 22,837.28 22,214.40 19,294.22 18% 64,901.76 52,187.57 24% 71,133.70 Employee cost 7,618.37 7,755.07 7,305.42 4% 22,895.66 21,360.24 7% 28,436.02 Marketing 806.82 784.47 808.92 0% 2,462.68 2,340.08 5% 3,190.98 Other expenses 4,717.00 4,442.36 4,499.41 5% 13,719.13 13,023.66 5% 17,431.83 Total expenses (B) 13,142.19 12,981.90 12,613.75 4% 39,077.47 36,723.98 6% 49,058.83 EBITDA (A) - (B) 7,824.99 6,359.36 5,007.79 56% 18,534.94 10,470.37 77% 15,086.90 EBITDA % 37% 33% 28% 32% 22% 24% Finance cost 307.59 303.47 290.52 6% 913.54 839.06 9% 1,152.67 Depreciation and amortization expense 937.50 936.56 1,051.14 -11% 2,777.02 3,121.69 -11% 4,086.02 Profit before exceptional item and tax 8,450.00 7,992.47 5,338.81 58% 22,133.73 11,502.84 92% 16,836.18 Exceptional Item - Labour law impact 650.71 - - 650.71 - - Profit Before Tax 7,799.29 7,992.47 5,338.81 46% 21,483.02 11,502.84 87% 16,836.18 Current tax 800.23 717.48 195.55 309% 1,950.26 649.20 200% 982.85 Deferred tax adjustment 846.76 867.40 589.88 44% 2,266.55 937.77 142% 1,326.76 Profit After Tax 6,152.30 6,407.59 4,553.38 35% 17,266.21 9,915.87 74% 14,526.57 Adjusted EBITDA 10,122.62 9,573.36 7,016.96 44% 26,978.19 17,013.06 59% 24,137.12 Adjusted EBITDA % 44% 43% 36% 42% 33% 34% Particulars Quarter ended Nine Months ended
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CarTrade Tech Ltd | Investor Presentation 7 Amount in Rs lakhs Consumer Group: Revenue +27% YOY| EBITDA Margin 43% in Q3FY26 Year ended Dec 31, 2025 Sep 30, 2025 Dec 31, 2024 Y-o-Y Dec 31, 2025 Dec 31, 2024 Y-o-Y Mar 31, 2025 Income Revenue from operations (A) 8,631.47 7,624.75 6,799.12 27% 22,894.38 17,407.67 32% 23,771.86 Other income 944.12 917.08 943.77 0% 3,112.05 2,901.02 7% 4,084.11 Total Income 9,575.59 8,541.83 7,742.89 24% 26,006.43 20,308.69 28% 27,855.97 Employee cost 3,111.23 3,012.72 2,940.61 6% 9,228.25 8,882.63 4% 11,956.23 Marketing 777.74 727.99 717.21 8% 2,298.19 2,033.43 13% 2,796.18 Other expenses* 1,072.25 815.97 769.86 39% 2,686.84 2,275.61 18% 2,989.54 Total expenses (B) 4,961.22 4,556.68 4,427.68 12% 14,213.27 13,191.67 8% 17,741.94 EBITDA (A) - (B) 3,670.25 3,068.06 2,371.44 55% 8,681.10 4,216.00 106% 6,029.92 EBITDA % 43% 40% 35% 38% 24% 25% Finance cost 14.96 18.49 18.93 -21% 52.28 54.18 -4% 72.65 Depreciation and amortization expense 232.05 247.33 231.94 0% 712.74 722.05 -1% 949.53 Profit before exceptional item and tax 4,367.36 3,719.33 3,064.33 43% 11,028.14 6,340.78 74% 9,091.85 Exceptional Item - Labour law impact 650.71 - - 650.71 - - Profit Before Tax 3,716.65 3,719.33 3,064.33 21% 10,377.42 6,340.78 64% 9,091.85 Current Tax - - - - - - Deferred tax adjustment 856.07 850.41 625.43 37% 2,348.51 1,039.13 126% 1,646.10 Profit After Tax 2,860.58 2,868.92 2,438.91 17% 8,028.91 5,301.66 51% 7,445.74 Adjusted EBITDA 4,778.56 4,090.29 3,594.85 33% 12,220.29 7,953.06 54% 11,223.57 Adjusted EBITDA % 50% 48% 46% 47% 39% 40% Particulars Quarter ended Nine Months ended *Other expenses includes Due Diligence cost of 1.8 crores
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CarTrade Tech Ltd | Investor Presentation 8 Amount in Rs lakhs Remarketing Business: Revenue growth of 22% | PAT +80% YoY in 9MFY26 Year ended Dec 31, 2025 Sep 30, 2025 Dec 31, 2024 Y-o-Y Dec 31, 2025 Dec 31, 2024 Y-o-Y Mar 31, 2025 Income Revenue from operations (A) 6,563.10 6,262.43 5,857.88 12% 18,765.10 15,368.97 22% 21,238.07 Other income 628.93 603.15 506.86 24% 1,884.93 1,579.88 19% 2,151.34 Total Income 7,192.03 6,865.58 6,364.74 13% 20,650.03 16,948.85 22% 23,389.41 Employee cost 2,527.22 2,709.65 2,514.16 1% 7,721.49 6,570.14 18% 9,007.89 Other expenses 2,081.44 1,913.92 2,009.71 4% 6,071.03 5,639.72 8% 7,653.30 Total expenses (B) 4,608.66 4,623.57 4,523.87 2% 13,792.52 12,209.86 13% 16,661.19 EBITDA (A) - (B) 1,954.44 1,638.86 1,334.01 47% 4,972.58 3,159.11 57% 4,576.88 EBITDA % 30% 26% 23% 26% 21% 22% Finance cost 281.84 275.11 257.89 9% 829.37 743.84 11% 1,024.96 Depreciation and amortization expense 616.15 597.55 543.07 13% 1,779.79 1,550.64 15% 2,121.13 Profit Before Tax 1,685.38 1,369.35 1,039.91 62% 4,248.35 2,444.51 74% 3,582.13 Current Tax 423.44 362.56 278.06 52% 1,128.76 647.35 74% 980.34 Deferred tax adjustment -9.30 16.98 4.22 -81.96 17.50 -162.02 Profit After Tax 1,271.24 989.81 757.63 68% 3,201.55 1,779.66 80% 2,763.81 Adjusted EBITDA 2,586.39 2,245.03 1,846.71 40% 6,866.53 4,756.45 44% 6,751.39 Adjusted EBITDA % 36% 33% 29% 33% 28% 29% Particulars Quarter ended Nine Months ended
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CarTrade Tech Ltd | Investor Presentation 9 Amount in Rs lakhs OLX India: Revenue +18% | EBITDA +70% YoY in Q3FY26 For the Period Dec 31, 2025 Sep 30, 2025 Dec 31, 2024 Y-o-Y Dec 31, 2025 Dec 31, 2024 Y-o-Y Mar 31, 2025 Income Revenue from operations (A) 5,877.25 5,551.74 4,977.34 18% 16,243.33 14,442.05 12% 19,213.06 Other income 294.57 1,350.57 219.71 34% 2,285.14 561.84 307% 818.68 Total Income 6,171.82 6,902.32 5,197.05 19% 18,528.47 15,003.90 23% 20,031.74 Employee cost 1,935.38 1,987.95 1,809.13 7% 5,811.99 5,794.33 0% 7,318.72 Other expenses 1,741.16 1,911.57 1,872.81 -7% 5,549.72 5,657.85 -2% 7,538.22 Total expenses (B) 3,676.54 3,899.52 3,681.94 0% 11,361.71 11,452.18 -1% 14,856.93 EBITDA (A) - (B) 2,200.72 1,652.22 1,295.40 70% 4,881.62 2,989.87 63% 4,356.13 EBITDA % 37% 30% 26% 30% 21% 23% Finance cost 10.79 9.87 13.70 -21% 31.89 41.04 -22% 55.07 Depreciation and amortization expense 89.31 91.68 116.03 -23% 284.50 370.41 -23% 475.86 Profit Before Tax 2,395.18 2,901.24 1,385.38 73% 6,850.37 3,140.27 118% 4,643.88 Current Tax 376.06 354.26 -83.18 -552% 819.48 - 0% - Profit After Tax 2,019.12 2,546.98 1,468.56 37% 6,030.89 3,140.27 92% 4,643.88 Adjusted EBITDA 2,755.60 3,235.49 1,566.12 76% 7,884.51 4,247.68 86% 6,104.35 Adjusted EBITDA % 45% 47% 30% 43% 28% 30% Particulars Quarter ended Half Year ended
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CarTrade Tech Ltd | Investor Presentation 10 Key Advantages of having a large Organic Customer Base 10 Amount in Rs lakhs Segmental Results - Diversified Growth. Profitable Segments. One Platform. Year ended Dec 31, 2025 Sep 30, 2025 Dec 31, 2024 Y-o-Y Dec 31, 2025 Dec 31, 2024 Y-o-Y Mar 31, 2025 Segment Revenue 20,967.18 19,341.26 17,621.54 19% 57,612.41 47,194.35 22% 64,145.73 Consumer 8,631.47 7,624.75 6,799.12 27% 22,894.38 17,407.67 32% 23,771.86 Remarketing 6,563.10 6,262.43 5,857.88 12% 18,765.10 15,368.97 22% 21,238.07 Classifieds 5,877.25 5,551.74 4,977.34 18% 16,243.32 14,442.05 12% 19,213.06 Less: Intersegment eliminations -104.64 -97.66 -12.80 -290.39 -24.34 -77.26 Segment Result 8,252.52 6,700.22 5,344.28 54% 19,688.84 12,019.84 64% 17,149.15 Consumer 3,834.43 3,173.22 2,651.08 45% 9,108.21 5,052.04 80% 7,139.46 Remarketing 1,957.46 1,641.88 1,339.87 46% 4,981.60 3,176.57 57% 4,600.05 Classifieds 2,461.06 1,884.91 1,346.42 83% 5,599.38 3,685.85 52% 5,285.68 Less: Intersegment eliminations -0.43 0.21 6.91 -0.35 105.38 123.96 Unallocated 197.48 1,292.25 -5.47 2,444.89 -517.00 -312.97 Add: Other income 1,870.10 2,873.14 1,672.68 12% 7,289.35 4,993.22 46% 6,987.97 Less: Finance Cost -307.59 -303.47 -290.52 6% -913.54 -839.06 9% -1,152.67 Less: Depreciation and Amortisation expenses -937.50 -936.56 -1,051.14 -11% -2,777.02 -3,121.69 -11% -4,086.02 Less: Share based expenses -427.53 -340.86 -336.49 27% -1,153.90 -1,549.47 -26% -2,062.25 Profit before exceptional item and tax 8,450.00 7,992.47 5,338.81 58% 22,133.73 11,502.84 92% 16,836.18 Less: Exeptional Item -650.71 - - -650.71 - - Profit before Tax 7,799.29 7,992.47 5,338.81 46% 21,483.02 11,502.84 87% 16,836.18 Tax -1,646.99 -1,584.88 -785.43 110% -4,216.81 -1,586.97 166% -2,309.61 Profit after Tax 6,152.30 6,407.59 4,553.38 35% 17,266.21 9,915.87 14,526.57 Particulars Quarter ended Nine Months 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 11 Link LinkMeeting Request