Attached

Date: August 05, 2026 To, To, Department of Corporate Services, Listing Department, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, G Block Dalal Street Bandra Kurla Complex, Bandra East, Mumbai - 400001 Mumbai – 400051 Scrip Code: 543333 Scrip Symbol: CARTRADE ISIN: INE290S01011 Dear Sir(s)/ Madam(s), Ref: Regulation 30 read with Schedule III Part A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Sub: Transcript of the CarTrade Tech Limited Q1FY27 Earnings Conference Call held on July 29, 2026 With reference to our letter dated July 21, 2026 intimating the Analyst / Investor Call with Analysts/Investors, please find enclosed the transcript of CarTrade Tech Limited Q1FY27 Earnings Conference Call held on July 29, 2026. The above information will also be available on the website of the Company: www.cartradetech.com. This is for your information & record. Thanking You. For CarTrade Tech Limited Lalbahadur Pal Company Secretary and Compliance officer Mem. No. A40812 Enclose: a/a “CarTrade Tech Limited Q1 FY27 Earnings Conference Call” July 29, 2026 MANAGEMENT: MR. VINAY SANGHI – CHAIRMAN AND MANAGING DIRECTOR – CARTRADE TECH LIMITED MS. ANEESHA BHANDARY – EXECUTIVE DIRECTOR AND CHIEF FINANCIAL OFFICER – CARTRADE TECH LIMITED MR. VARUN SANGHI – CHIEF STRATEGY OFFICER – CARTRADE TECH LIMITED MODERATORS: MR. ARYAN SUMRA – MUFG INTIME INDIA PRIVATE LIMITED Page 1 of 22 CarTrade Tech Limited July 29, 2026 Moderator: Ladies and gentlemen, good day, and welcome to CarTrade Tech Limited Q1 FY '27 Earnings Conference Call hosted by MUFG Intime. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Aryan Sumra. Thank you. And over to you. Aryan Sumra: Thank you. Good afternoon, everyone. I welcome you all to the Q1 and FY '27 Earnings Conference Call for CarTrade Tech Limited. To discuss the quarter's financial performance, we have from the management, Mr. Vinay Sanghi, Chairman and Managing Director; Ms. Aneesha Bhandary, Executive Director and Chief Financial Officer; and Mr. Varun Sanghi, Chief Strategy Officer. Before we proceed with the call, I would like to mention that some of the statements made in today's call may be forward-looking and may involve risks and uncertainties. For more details, kindly refer to the investor presentation and other filings that can be found on the company's website and on the stock exchanges. Without further ado, I would like to hand over the call to the management for their opening remarks. Post then, we can open the floor for Q&A. Thank you. And over to you, sir. Vinay Sanghi: Thank you, and welcome to all of you to the quarterly earnings call of CarTrade Tech, and good afternoon. I'm Vinay Sanghi, the Chairman and Managing Director of the company. I first want to start by just running through the presentation, and then we'll be happy to answer all your queries and doubts post that. If you look at the presentation circulated and we jump straight to the slide on the 4-year growth story. If you look at the 4-year growth story, it is for 16 consecutive quarters now, the company has delivered a 45% plus EBITDA growth. It talks about the consistency in performance of the company quarter after quarter. As I said, 16 quarters is 4 years. And every quarter, we deliver 45% EBITDA growth. That shows also partly the quality of execution and the economic model of the company that this growth can be delivered over such a long period of time. This growth of 45% on 16 consecutive quarters gives us to a very internal goal, which we have in the company and something we have talked about earlier as well of being a 40-40 company. A 40-40 company is a company, which consistently delivers 40% profit growth and has margins of more than 40%. So, we've got to get to the 40% margin, but that's part of the goal to complete very, very soon. But the 40% growth is consistently now happened for 16 consecutive quarters. Part of this gives us the confidence on the guidance we gave in an earnings call earlier of achieving INR1,000 crores profit over the next 4 to 5 years. So with this growth story, we feel pretty comfortable and confident of that guidance, which was given earlier as well. Page 2 of 22 CarTrade Tech Limited July 29, 2026 If you look at the rest of the data on the slide, we are compounding at scale, 22% CAGR revenue for the last 4 years. EBITDA growth of 66%. PAT growth of 54% over the last 4 years, the CAGR. Margin expansion from 9% to 31%, getting to best-in-class. Capital strength, cash reserves continue to grow. As you know, the company has very little capital expenditure or operating investments we made or working capital. Most of the monies or most of the profits, almost all the profits generated go to our cash strength of the company. ROCE is healthy still at 10%, as you know. And if you look at the shareholder value creation, there's been almost a 7x increase in earnings per share for shareholders over the last 4 years. So, we feel very confident of the growth of the company and the position of the company. If you go to the next slide, as you see here on the top, 80 million users and we're still growing. Our users in Q1 ' 27 are higher than the users in Q4 '26. So, I think it should give you great confidence on the brand of CarWale, BikeWale and OLX, continue to be 95% organic as well. Traffic continues to grow even at this level and the scale. There are a handful of companies in India, which have shopping companies or commerce companies or classified or marketplaces, which get more than 150 million unique users. These are 150 million Indians every year. There are probably 10, 15, maybe 20 such companies in India. CarTrade Tech owns 3 of them, CarWale, OLX and BikeWale. And they're 95% organic on top. So, out of all the companies in India, 3 of them are owned by your company, which gets more than 150 million users per year. So, I think that's another massive landmark as you can see. We have a lot of physical presence, 500-plus physical locations at abSure and SAMIL outlets, 1.5 million vehicles of auction conducted at scale, INR230 crores of revenue. This is the highest ever total income in any quarter. I mean, I want to say that as well. We've never achieved a INR230 crores total income. So, this is the highest ever in any quarter. Adjusted EBITDA is close to INR100 crores. Profit after tax is INR57 crores and the cash balance at INR1,321 crores continues to grow. If you look at the consolidated results, like I said, the consolidated income is the highest ever. EBITDA is up 45%. If you look at the revenue from operations, it's almost equal to Q4. I think this is very rare in a company like ours, which has got slightly cyclical in nature. Normally, Q1 is more muted than Q4, just the nature of the business. And then, of course, Q2, Q3, Q4 is dramatically over Q1. In this case, Q1 and Q4 are almost the same, which is a 16% growth in revenue, 45% growth in EBITDA. Margins are healthy at 31%. It was 25% last year. We've continued to manage our costs well. Total cost escalation is at 7%. If you see the EBITDA at 45% in spite of the increments during the year. As you know, our increment cycle is in April and our wages have gone up because of the increment cycle. You also know that once this cost has gone up, in Q2, Q3, Q4, you are unlikely to see any cost escalation. So, all the incremental revenue in Q2, Q3, Q4 goes straight to EBITDA profits. I think that's also something you should be aware of. Page 3 of 22 CarTrade Tech Limited July 29, 2026 I think we've also had in this quarter an exceptional labor code impact, c [Showing first 8,000 characters — download PDF for full document]