CarTrade Tech Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 08, 2024 at 02:39 am EST
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CarTrade Tech Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 1,385.88 million compared to INR 972.08 million a year ago. Revenue was INR 1,518.58 million compared to INR 1,158.6 million a year ago. Net loss was INR 242.3 million compared to net income of INR 130.35 million a year ago. Basic earnings per share from continuing operations was INR 4.54 compared to INR 2.79 a year ago. Diluted earnings per share from continuing operations was INR 4.17 compared to INR 2.56 a year ago. Basic loss per share was INR 5.17 compared to basic earnings per share of INR 2.79 a year ago. Diluted loss per share was INR 5.17 compared to diluted earnings per share of INR 2.56 a year ago.
For the nine months, sales was INR 3,446.69 million compared to INR 2,678.74 million a year ago. Revenue was INR 3,946.14 million compared to INR 3,111.25 million a year ago. Net loss was INR 82.17 million compared to net income of INR 190.42 million a year ago. Basic earnings per share from continuing operations was INR 11.85 compared to INR 4.08 a year ago. Diluted earnings per share from continuing operations was INR 10.88 compared to INR 3.76 a year ago. Basic loss per share was INR 1.75 compared to basic earnings per share of INR 4.08 a year ago. Diluted loss per share was INR 1.75 compared to diluted earnings per share of INR 3.76 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 
