India, May 9 -- IPO-bound used car marketplace Cars24 has claimed adjusted EBITDA profitability in the fourth quarter (Q4) of fiscal year 2025-26 (FY26). In a statement, the startup claimed that it clocked an adjusted EBITDA of Rs.20 Cr during the quarter.

The company also said that its UAE operations delivered "structurally positive" EBITDA margins, while its Australia arm also hit "operating profitability" in Q4 FY26.

"Adjusted net revenue grew 37% (YoY) to Rs.760 Cr (in H2 FY26), ahead of our Rs.750 Cr guidance, through a GST rate change in India and real disruption in the UAE. Inside that half sits Q4 FY26, the quarter we became a profitable company for the first time, with Rs.20 Cr of adjusted EBITDA," said cofounder and CEO Vikram...