CarTrade Tech Limited’s Quarterly Result and Earnings Report for Q4(Mar 2024) : Sales increased by 51.54 % in YoY and increased by 4.83 % in QoQ

The comprehensive analytics outlining the performance and outlook of CarTrade Tech Limited”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Today, we’re looking at CarTrade Tech Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 51.54 %. However, it did see a marginal increase of 4.83 % from the previous quarter. Expenses ticked up slightly by 4.16 % quarter-on-quarter, aligning with the annual rise of 40.27 %. Operating profit, while up 132 % compared to last year, faced a quarter-on-quarter increase of 7.81 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 6.52 %, but an expansion of 0.52 % sequentially. Other income rose by 152.42 % compared to the last quarter, despite an annual decline of -18.48 %. Interest expenses surged remarkably by 11.79 % from the previous quarter, yet the year-over-year increase remains at a moderate 25.49 %. Depreciation costs climbed by 8.36 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 36.63 %. Profit before tax grew annually by 36.8 % but saw an increase from the preceding quarter by 266.93 %.
Tax expenses as a percentage of profits decreased slightly by -2.28 % compared to last year, with a more notable quarter-on-quarter increase of 3.34 %. Net profit rose by 42.77 % year-on-year but experienced a 206.03 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 50.47 % but a quarterly rise of 192.84 %. In summary, CarTrade Tech Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing CarTrade Tech Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 51.54 % year-on-year growth, however, there was a minor increase of 4.83 % from the previous quarter. Expenses rose by 40.27 % compared to the previous year, with a 4.16 % increase quarter-on-quarter. Operating Profit surged by 132 % annually, and saw a 7.81 % increase from the last quarter.
Net Profit showed yearly increase of 42.77 %, and experienced a 206.03 % increase from the previous quarter. Earnings Per Share (EPS) rose by 50.47 % annually, however rose by 192.84 % compared to the last quarter. In essence, while CarTrade Tech Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.