Multi-channel auto platform CarTrade Tech reported a consolidated net profit of INR17.49 crore ($2.3m) for Q4 FY23. This compares with a net loss of INR21.39 crore in the same period a year ago. Its revenue surged 19% YoY to INR116.6 crore due to organic growth from its brand, CarWale, which has over 34 million average monthly unique visitors. Its adjusted EBITDA for the year ended March 31, 2023, stood at INR124.92 crore, while adjusted PAT for the same period was INR80 crore.
