Host Quality, Repeat Usage, and Cost Optimization Drive Turnaround; Contribution Profit Hits $4.25M, Operating Loss Cut by 67%
BANGALORE, India, June 30, 2025 /PRNewswire/ — Zoomcar Holdings, Inc. (OTCQX:ZCAR) (“Zoomcar” or “the Company”), India’s leading car-sharing marketplace, today announced financial results for its fiscal year ended March 31, 2025.
Deepankar Tiwari, CEO of Zoomcar, said:
“FY 2025 was a pivotal year for Zoomcar as we strengthened our marketplace fundamentals and achieved new financial milestones. We continued to see meaningful improvements in Guest repeat behavior and Host retention; core elements that drive scale and sustainability. With a record contribution profit and a sixth consecutive profitable quarter on a contribution basis, we believe we’re moving firmly in the right direction. We remain focused on improving the customer experience and leveraging technology to unlock greater value for our Guests and Hosts.”
Key Highlights for FY 2024–2025:
- Contribution Profit Reaches All-Time High
Zoomcar reported a record contribution profit of $4.25 million (47% of revenue) for FY25, compared to a loss of $(0.98) million (-10% of revenue) in FY24. Contribution profit per booking increased to $9.96, up from $(2.52) in the previous fiscal year. This marks the sixth consecutive quarter of positive contribution profit. - Sustained Growth in Bookings and Repeat Users
Bookings grew 10% YoY, from 387,821 in FY24 to 426,788 in FY25. Our repeat user rate increased by 86% (13% in FY25 as compared to 7% in FY24), driven by product enhancements and loyalty initiatives. - Significant Cost Optimization
Cost of Revenue reduced by 49%, from $10.33 million in FY24 to $5.30 million in FY25, supported by operational efficiencies and dynamic pricing . Marketing spend declined 75%, alongside a 43% reduction in G&A and 32% decrease in technology related expenses. Total costs and expenses decreased from $41.57 million in FY24 to $19.51 million in FY25. These savings directly supported improved unit economics and reduced cash burn. - Strong Operational Metrics Reflect Customer Experience Gains
Average Guest trip rating rose to 4.70, up from 4.16 in the prior year. High-quality cars (rated 4.5+) increased by 58% (49% in FY25 as compared to 31% in FY24). - Improved Profitability and Lower Adjusted Losses
Adjusted EBITDA loss improved by 44%, from $(17.85) million to $(9.91) million. Loss from operations narrowed significantly by 205%, from $(31.67) million in FY24 to $(10.40) million in FY25. - Operational Excellence: Strengthening the Backbone for Scalable Growth
Zoomcar launched advanced vehicle inspection and GPS safety protocols in partnership with a leading ecosystem player to enhance quality and transparency across host vehicles. We are also rolling out in the next quarter, new B2B tools to help fleet operators seamlessly manage and scale their inventory on the platform. Early adoption of AI-led support and fraud detection has improved platform efficiency and guest trust, laying a strong foundation for Zoomcar’s next phase of tech-driven, high-quality growth.
Join Us for Our FY24-25 Earnings Call
Zoomcar will host its FY24-25 earnings call on Monday, June 30, 2025, at 8:00 AM ET / 5:30 PM IST.
Please register here: https://us06web.zoom.us/webinar/register/WN_gCU972PFSBmRtLaDcqpjGw#/registration
For more information, including the full investor deck and filings, please visit: …