IPO-Bound Cars24 Claims Adjusted EBITDA Profitability In Q4 FY26

by · Inc42

SUMMARY

  • The used-car marketplace claims to have turned profitable for the first time in Q4 FY26, earning ₹20 Cr in adjusted EBITDA
  • Cars24 claims to have increased its adjusted net revenue 27.3% YoY to ₹1,411 Cr in FY26, while net loss from “continuing operations” fell 24% YoY to ₹363 Cr
  • At the beginning of this year, CEO Vikram Chopra has said Cars24 would hit the bourses within the next six to twelve months