CarTrade Tech races 7% on clocking highest ever quarterly sales in Q3

CarTrade, which is one of India’s largest online auto platforms, recorded the highest-ever quarterly revenue at Rs 115.86 crore in the third quarter of FY23.

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Shares of CarTrade Tech, one of India’s largest online auto platforms, jumped as much as 7 percent on January 25, reacting to the company’s bumper sales in the quarter ended December.

At 2:52 pm, shares of the company were trading at Rs 480.35 a piece, up 1.51 percent, on the BSE.

CarTrade recorded the highest-ever quarterly revenue at Rs 115.86 crore in the third quarter of FY23.

In the previous quarter, the company’s sales came in at Rs 102.49 crore whereas a year ago, it logged a revenue of Rs 102.32 crore.