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Cars24 narrows FY26 loss 19% to ₹441 Cr as revenue falls 18%
Cars24 narrowed FY26 losses as costs fell, though operating revenue and used-car product sales declined. The IPO-bound marketplace reported adjusted EBITDA profitability in Q4 FY26, rising debt and lower cash, while its financial-services subsidiary tripled profit.
- FY26 net loss
- ₹441.1 crore
- down down 18.7% YoY
- FY26 operating revenue
- ₹5,091.7 crore
- down down 18.3% YoY
- FY26 total expenses
- ₹5,673.6 crore
- down down 17.8% YoY
Reported figures
From the report. Source details below
| FY26 net loss: | ₹441.1 Cr, down 18.7% YoY |
|---|---|
| FY26 operating revenue: | ₹5,091.7 Cr, down 18.3% YoY |
| Product-sales revenue: | ₹4,438.8 Cr, down 22.7% YoY |
| Service revenue: | ₹205.6 Cr, up from ₹89.5 Cr |
| FY26 total expenses: | ₹5,673.6 Cr, down 17.8% YoY |
| Cash and equivalents: | ₹377.1 Cr versus ₹860.8 Cr |
| Total borrowings: | ₹958.6 Cr, up nearly 17% |
| Cars24 Financial Services PAT: | ₹21.4 Cr versus ₹6.8 Cr |