Cars24 adjusted EBITDA loss narrows 58% in FY26, revenue grows 27%

Used-car platform Cars24 reduced its adjusted EBITDA loss to ₹200 crore in FY26 from ₹475 crore a year ago, according to Founder and CEO Vikram Chopra. The company's adjusted net revenue rose 27% year-on-year to ₹1,411 crore. The update comes shortly after two of its Co-founders, Mehul Agrawal and Gajendra Jangid, stepped back from executive roles.