CARTRADE · Consumer Services
Half or more of pre-tax profit came from other income. What is it, and does it repeat?
Other income was 63% of profit before tax, against 131% a year earlier.
Source: Quarterly statements
A lower tax rate lifted profit. Is the lower rate going to last?
Effective tax rate 7.0% against 22.7% over the previous quarters, worth about ₹3.8 cr of profit.
Source: Quarterly statements
Could not run on this quarter: Headline vs core profit, Exceptional items that recur, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹120 cr | ₹139 cr | ₹145 cr | ₹142 cr | ₹154 cr | ₹176 cr | ₹170 cr | ₹173 cr | ₹193 cr | ₹210 cr | ₹203 cr | ₹201 cr |
| YoY | — | — | — | +65% | +28% | +27% | +17% | +22% | +25% | +19% | +19% | +16% |
| EBITDA margin | 17.5% | 18.0% | 18.6% | 15.5% | 21.4% | 28.4% | 27.1% | 25.4% | 33.2% | 37.1% | 35.5% | 31.3% |
| Other income, % of PBT | −25% | — | 55% | 63% | 49% | 32% | 38% | 44% | 36% | 15% | 24% | 35% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 34% | — | 20% | 7% | 17% | 15% | 14% | 17% | 20% | 21% | 6% | 24% |
| Net profit | ₹5.0 cr | −₹24.0 cr | ₹25.0 cr | ₹23.0 cr | ₹31.0 cr | ₹46.0 cr | ₹46.0 cr | ₹47.0 cr | ₹64.0 cr | ₹62.0 cr | ₹71.0 cr | ₹57.0 cr |
| YoY | — | — | — | +64% | +520% | — | +84% | +104% | +106% | +35% | +54% | +21% |
| Core profit YoY | — | — | — | — | +90% | +177% | +136% | +256% | +168% | +83% | +73% | +53% |
| EPS | ₹0.64 | −₹5.17 | ₹4.80 | ₹4.72 | ₹5.89 | ₹9.01 | ₹8.82 | ₹9.03 | ₹12.53 | ₹11.68 | ₹13.49 | ₹10.67 |
| Flags | · | · | 1 | 2 | 2 | 1 | ✓ | ✓ | 1 | 1 | 1 | ✓ |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Cartrade Tech Ltd. reported revenue of ₹142 cr (+65.1% on the year) and net profit of ₹23.0 cr (+64.3% on the year) for April to June 2024.
2 checks raised a question: Half or more of pre-tax profit came from other income. What is it, and does it repeat?
No. FinMinutes reports what was filed and the questions the numbers raise. It does not recommend buying, selling or holding any security.
Numbers as filed with the exchanges, read by rules. Every flag is a question with its source, not an accusation. FinMinutes is a financial data and analytics platform; nothing here is a recommendation to buy, sell or hold any security. How each check works.