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Cars24 revenue rises 18% as retail shift narrows losses
Business Standard
|January 16, 2026
Cars24 posted an 18 per cent increase in adjusted net revenue in the first half of 2025-26, as India’s leading auto-tech marketplace leaned more heavily on higher-margin retail and financing businesses to narrow losses and improve operating leverage.
The company reported adjusted net revenue of ₹651 crore for the six months ended September, while its adjusted Ebitda loss narrowed 36 per cent from a year earlier to ₹162 crore. Vehicle transaction gross merchandise value reached ₹3,731 crore, with retail accounting for more than half of total gross merchandise value (GMV) for the first time, a milestone, executives said, is reshaping the company’s profit profi
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