CarTrade Tech Stock Plunges 9% Despite Strong Q3 Earnings; FII Holdings Drop

Share Market
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CNBC Awaaz•28-01-2026, 11:59
CarTrade Tech Stock Plunges 9% Despite Strong Q3 Earnings; FII Holdings Drop
- •CarTrade Tech's stock fell 9% on Monday following its December quarter results, despite reporting over 30% profit growth and 19% revenue increase.
- •The decline was attributed to investor expectations not being met, a significant 4% drop in FII holdings, and profit-booking after a 70% stock rally.
- •The company's Q3 FY26 profit rose to ₹56 crore from ₹43 crore, revenue increased to ₹210 crore, and EBITDA jumped 56% to ₹78 crore.
- •EBITDA margin improved from 28.4% to 37.3%, indicating strong operational efficiency.
- •High valuation after a 70% surge, reduced FII confidence, and profit-booking were key factors for the unexpected stock crash.
Why It Matters: CarTrade Tech's stock crashed 9% despite strong Q3 results due to high valuation, FII selling, and profit-booking.
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