CARTRADE / Q3-FY26 / claim-ledger

Audit the questions that mattered.

Cartrade Tech · Analyst questions, management answers, and the quality of the response where the ledger is available.

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PositiveQ3-FY26 · 2026-02-10Back to quarter ↗

Questions audited

Answered directly

71%

Numeric claims

Consistency

mixed

Question ledger

What was answered, and how?

Sachin Digshit · JM Financial

evasive

Impact of EU-India FTA on Cartrade's consumer business

If tariffs on imported European vehicles come down it could lead to further demand in the new car industry... could be a business opportunity for the consumer group... too early to say at this point.

Sachin Digshit · JM Financial

partial

Ola (OX) growth momentum and cost decline drivers

We definitely see the growth rate of OX going up from the current growth rate... costs are just stable... no real serious decrease in cost or increase.

Sachin Digshit · JM Financial

partial

New auto business growth outlook and sustainability

The growth rate first 9 months is 32%... we see no reason why the growth rate to come down at all. I'm not able to give guidance whether it's higher or lower.

Chadhad Beda · Numura

evasive

OX growth initiatives acceptance and user base percentage

Elite buyer done extremely well... we feel very good about adoption... will become a very large revenue opportunity... but no specific percentage given.

Chadhad Beda · Numura

direct

OX monthly visitors softness and seasonality

There was a very slight seasonality in September and end of December but generally traffic has been stable... very very stable.

Chadhad Beda · Numura

direct

OX margin profile and sustainability of 35-36% margins

We think the margin will probably improve... if revenue goes up margin will improve as we've said quarter after quarter.

Diia Brwani · White Whale Partners

direct

Rationale for walking away from CarDekho deal

After studying it we decided to put on hold... reasons mostly around understanding the potential in our own business seemed so high... better to hold any inorganic opportunity at that point.

Diia Brwani · White Whale Partners

direct

Consumer growth drivers and sustainability during industry cycles

We're beneficiaries of growth in car sales... also when manufacturers spend more money on digital... we also gain market share... growth rates have stayed extremely robust during all phases.

Diia Brwani · White Whale Partners

direct

Operating leverage and expense growth outlook

We think expenses are stable. They're not likely to see any fluctuation or any incremental change at all.

Nishid Jalen · Access Capital

partial

Market share gains and margin expansion potential to 50%+

We are gaining market share... margins as increased revenue... margins gone from 9% to 37% as consolidated company... the trend will just continue margin will continue to grow.

AIT Agava · Research desk

direct

Capital allocation priorities with ₹1,145 crore cash

We are generating 100 crores a quarter... almost no capex... intent would be to look at organic opportunities and return money to shareholders.

Siddhad Ba · Namura

direct

Remarketing business conversion drop and outlook

New vehicle prices came down with GST reduction... used vehicle pricing took time to correct... that's why you're seeing a slight conversion difference.