Cars24 claims first adjusted EBITDA profit in Q4 FY26 as IPO plans heat up

It says AI helped turn the company profitable

Cars24, the IPO-bound used-car marketplace, says it became profitable for the first time in Q4 FY26 with ₹20 crore adjusted EBITDA. The company also claims “structurally positive” margins in the UAE and operating profitability in Australia, attributing gains to AI-led efficiencies, lower acquisition costs, and lending momentum. Full FY26 EBITDA loss narrowed, while transaction volumes shifted toward vehicle ownership services.