CarTrade Tech hits new all-time low, stock down 46% from its issue price
Since October 29, 2021, the market price of CarTrade Tech slipped 24 per cent after the company reported a net loss for the second straight quarter of current fiscal.
CarTrade Tech Ltd - 543333 - Submission Of Disclosure Of Related Party Transactions Under Regulation 23(9) Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015.
Pursuant to Regulation 23 (9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith disclosure of Related Party Transactions on a consolidated basis prepared in accordance with applicable Accounting Standards for half year ended on September 30, 2021. CarTrade Tech Ltd - 543333 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
With reference to our letter dated October 27, 2021 intimating you about the Analyst / Investor Call with Analysts/Investors, please find enclosed the transcript of the CarTrade Tech Q2 FY-22 Earnings Conference Call held on Friday, October 29, 2021. CarTrade Tech Ltd - 543333 - Announcement under Regulation 30 (LODR)-Newspaper Publication
This is to inform you that the Board of Directors of the Company on October 28, 2021, approved the Unaudited Financial Results for the second quarter and half year ended on September 30, 2021. In terms of Regulations 47 of SEBI (LODR) Regulations, 2015 the company has published the Unaudited Financial Results for the second quarter and half year ended on September 30, 2021 in Financial Express (English) edition dated Saturday, October 30, 2021 & in Navshakti (Marathi) edition dated Saturday , October 30, 2021. CarTrade Tech Ltd - 543333 - Corrigendum To The Consolidated Unaudited Financial Results For The Second Quarter And Half Year Ended On September 30, 2021
This has reference to our letter dated October 28, 2021 regarding submission of Unaudited Consolidated Financial Results for the second quarter and half year ended on September 30, 2021 pursuant to regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015. In this connection, we would like to inform that the aforesaid consolidated results submitted to stock exchanges contain clerical error caused inadvertently, in the Unaudited Consolidated Financial Results for the Quarter and Half Year Ended September 30, 2021 CarTrade Tech Ltd - 543333 - Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations, 2015
Pursuant to Regulations 3(2A) and 8(2) of the PIT Regulations, please find enclosed herewith a copy of the revised 'Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information' ('Fair Disclosure Code'), as approved by the board of directors of the Company on October 28, 2021. CarTrade Tech Ltd - 543333 - Intimation Of Appointment Of Secretarial Auditor - Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
Pursuant to the provisions of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, this is to inform you that Board of Directors has approved the appointment of Mr. Shriram Imartey, Proprietor of M/s S P Imartey & Associates, Practicing Company Secretary, as Secretarial Auditors of the Company for Financial Year 2021-22, in their meeting held on October 28, 2021. Earnings Call for Q2FY22 of CarTrade Tech
Conference Call with CarTrade Tech Management and Analysts on Q2FY22 Performance and Outlook. Listen to the full earnings transcript.
CarTrade slips 7%, stock at new low on second straight quarterly loss
For H1FY22, CarTrade Tech posted net loss of Rs 81.47 crore against a net profit of Rs 63.57 crore during the same period of FY21 Q2FY22 Quarterly Result Announced for CarTrade Tech Ltd.
Key Highlights: Adjusted EBITDA for H1 up by 104% over H1FY21 Revenue for H1 up by 46% over H1FY21 Launched CarWale abSure in 9 cities in Q2-FY22 Total Revenue for the half year ended September 30, 2021 stood at Rs. 150.75 crores, showing a growth of 46%, as compared to Rs. 103.26 crores in the same period last year. Adjusted Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in H1FY22 stood at Rs. 33 crores, showing a growth of 104% as compared to Rs 16.18 crores in the corresponding period. Adjusted EBITDA margin stood at 22% in H1FY22 as compared to 16% in H1FY21. Total Revenue for Q2 FY22 stood at Rs. 88 crores, as compared to Rs. 63 crores in the same period last year. Adjusted Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in Q2 FY22 stood at Rs. 24 crores, as compared to Rs. 18 crores during H1FY21. Adjusted EBITDA margin for Q2 FY22 was 28% An exceptional and non-recurring, non-cash adjustment of Rs. 93 crores for Employee stock options granted in FY21 has been accounted for, resulting in a Net loss after tax for H1 FY22 of Rs. 81 crores (Net loss before tax of Rs. 75 crores) for H1 - FY22 as compared to a Net profit after tax of Rs. 64 crores (Net profit before tax of Rs 0.75 crores) for H1 - FY21 Commenting on the performance of the company Mr. Vinay Sanghi, Founder and Chairman, “I am delighted to report that to our shareholders that we have grown by over 46% compared to H1-FY21 in revenues and 104% in terms of adjusted EBITDA. Two milestones were particularly noteworthy; first where we witnessed our highest ever average monthly unique visitors at 34 million this quarter; out of which over 87% was organic. The second, was the highest ever number of vehicles listed for auction in this quarter at 300,671, which helped breach the 1.2 mn vehicle mark, based on the Q2FY22 annualised numbers. These two developments are a clear testimony of our consumers unwavering trust in our brands. We are digitizing the buying and selling journey for the consumer and the launch of CarWale abSure is a step in this direction.” Result PDF