Zoomcar Reports Highest-Ever Unaudited and Unreviewed Contribution Profit in December 2024 Which Covers India Operational Costs
Zoomcar (NASDAQ: ZCAR), India's leading car-sharing marketplace, has reported its highest-ever unaudited monthly contribution profit of $494,506 in December 2024, sufficient to cover its India operational costs. The company experienced a 17% growth in bookings compared to December 2023.
Financial performance highlights include a contribution profit of $0.46 million (20%) in Q1 2024-25, up from a loss of $1.2 million (-45%) in Q1 2023-24, and a record quarterly contribution profit of $1.21 million (54% of revenue) in Q2 2024-25, improved from a loss of $0.12 million (-5%) in Q2 2023-24. This marks four consecutive quarters of contribution profit improvement.
The company attributes this success to focusing on customer experience, which has led to increased repeat bookings and improved Host retention while minimizing marketing and discount expenses.
Zoomcar (NASDAQ: ZCAR), il principale marketplace di car-sharing in India, ha riportato il suo pi霉 alto profitto mensile non verificato di $494,506 a dicembre 2024, sufficiente a coprire i costi operativi in India. L'azienda ha registrato una crescita del 17% nelle prenotazioni rispetto a dicembre 2023.
I punti salienti delle performance finanziarie includono un profitto di contribuzione di $0,46 milioni (20%) nel primo trimestre 2024-25, in aumento rispetto a una perdita di $1,2 milioni (-45%) nel primo trimestre 2023-24, e un profitto di contribuzione trimestrale record di $1,21 milioni (54% del fatturato) nel secondo trimestre 2024-25, migliorato rispetto a una perdita di $0,12 milioni (-5%) nel secondo trimestre 2023-24. Questo segna quattro trimestri consecutivi di miglioramento del profitto di contribuzione.
L'azienda attribuisce questo successo al focus sull'esperienza del cliente, che ha portato a un incremento delle prenotazioni ripetute e a un miglioramento della retention degli Host, minimizzando al contempo le spese di marketing e sconto.
Zoomcar (NASDAQ: ZCAR), el principal mercado de car-sharing en India, ha informado su mayor beneficio mensual no auditado de $494,506 en diciembre de 2024, suficiente para cubrir sus costos operativos en India. La compa帽铆a experiment贸 un crecimiento del 17% en las reservas en comparaci贸n con diciembre de 2023.
Los aspectos destacados del rendimiento financiero incluyen un beneficio de contribuci贸n de $0.46 millones (20%) en el primer trimestre de 2024-25, en comparaci贸n con una p茅rdida de $1.2 millones (-45%) en el primer trimestre de 2023-24, y un beneficio de contribuci贸n trimestral r茅cord de $1.21 millones (54% de los ingresos) en el segundo trimestre de 2024-25, mejorando desde una p茅rdida de $0.12 millones (-5%) en el segundo trimestre de 2023-24. Esto marca cuatro trimestres consecutivos de mejora en el beneficio de contribuci贸n.
La compa帽铆a atribuye este 茅xito a su enfoque en la experiencia del cliente, lo que ha llevado a un aumento en las reservas repetidas y a una mejor retenci贸n de los anfitriones, mientras minimiza los gastos de marketing y descuentos.
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Zoomcar (NASDAQ: ZCAR), le principal march茅 de partage de voiture en Inde, a annonc茅 son plus grand b茅n茅fice mensuel non audit茅 de 494,506 $ en d茅cembre 2024, suffisant pour couvrir ses co没ts op茅rationnels en Inde. L'entreprise a connu une croissance de 17 % des r茅servations par rapport 脿 d茅cembre 2023.
Les points forts de la performance financi猫re comprennent un b茅n茅fice de contribution de 0,46 million $ (20 %) au premier trimestre 2024-25, en hausse par rapport 脿 une perte de 1,2 million $ (-45 %) au premier trimestre 2023-24, et un b茅n茅fice de contribution trimestriel record de 1,21 million $ (54 % du chiffre d'affaires) au deuxi猫me trimestre 2024-25, am茅lior茅 par rapport 脿 une perte de 0,12 million $ (-5 %) au deuxi猫me trimestre 2023-24. Cela marque quatre trimestres cons茅cutifs d'am茅lioration du b茅n茅fice de contribution.
L'entreprise attribue ce succ猫s 脿 son attention port茅e sur l'exp茅rience client, ce qui a conduit 脿 une augmentation des r茅servations r茅p茅t茅es et 脿 une meilleure r茅tention des h么tes tout en minimisant les co没ts de marketing et de remise.
Zoomcar (NASDAQ: ZCAR), Indiens f眉hrender Carsharing-Marktplatz, hat im Dezember 2024 einen nie dagewesenen, nicht gepr眉ften monatlichen Beitrag von 494.506 $ gemeldet, der ausreichend ist, um die Betriebskosten in Indien zu decken. Das Unternehmen verzeichnete ein 17% Wachstum bei den Buchungen im Vergleich zu Dezember 2023.
Die Highlights der finanziellen Leistung umfassen einen Beitragsgewinn von 0,46 Millionen $ (20%) im ersten Quartal 2024-25, im Vergleich zu einem Verlust von 1,2 Millionen $ (-45%) im ersten Quartal 2023-24, und einen Rekordbeitragsgewinn von 1,21 Millionen $ (54% des Umsatzes) im zweiten Quartal 2024-25, der sich von einem Verlust von 0,12 Millionen $ (-5%) im zweiten Quartal 2023-24 verbessert hat. Dies markiert vier aufeinanderfolgende Quartale mit einer Verbesserung des Beitragsgewinns.
Das Unternehmen f眉hrt diesen Erfolg auf die Fokussierung auf das Kundenerlebnis zur眉ck, was zu erh枚hten Wiederholungsbuchungen und einer verbesserten Gastgeberbindung gef眉hrt hat, w盲hrend Marketing- und Rabattkosten minimiert wurden.
- Achieved highest-ever monthly contribution profit of $494,506 in December 2024
- 17% year-over-year growth in bookings for December 2024
- Q2 2024-25 contribution profit reached $1.21 million (54% of revenue)
- Four consecutive quarters of contribution profit improvement
- Operational costs in India now covered by contribution profit
- None.
Insights
The unaudited contribution profit of
The
The contribution margin improvement from
The Indian car-sharing market dynamics are clearly shifting in Zoomcar's favor, with the platform's host-guest ecosystem showing strong network effects. The reduced reliance on discounts and marketing spend while maintaining booking growth signals market maturity and brand entrenchment. This evolution mirrors the early success patterns of global car-sharing platforms.
The focus on customer experience and host retention is particularly strategic in India's price-sensitive market. By reinvesting improved margins into platform enhancements rather than acquisition costs, Zoomcar is building sustainable competitive advantages. The
BENGALURU,
December 2024 marked a significant growth in consumer demand, leading to a
Zoomcar's financial turnaround has been remarkable over the past year. Key highlights include:
- In the first fiscal quarter 2024-25 report, Zoomcar reported a contribution profit of
$0.46 million 20% ), a substantial improvement in contribution margin from a loss of$1.2 million 45% ) in the first fiscal quarter 2023-24. - Similarly, Zoomcar shared a record quarterly contribution profit of
$1.21 million 54% of revenue) in the second fiscal quarter 2024-25, up from a loss of$0.12 million 5% ) in the second fiscal quarter 2023-24. - December 2024's unaudited and unreviewed monthly contribution profit continues this positive trajectory, following a streak of four consecutive quarters of contribution profit improvement filed by the company.
Hiroshi Nishijima, Interim CEO of Zoomcar, commented, "By achieving a record contribution profit (unaudited and unreviewed) in December 2024 which is our peak seasonal demand month and covering operational costs reflects that our business fundamentals are right on track by putting the customer experience at the center of our strategy. This focus drives repeat bookings from Guests and strengthens Host retention, all while minimizing our spend on discounts and marketing鈥攁n organic flywheel of growth. With improved profitability, we are committed to reinvesting in enhancing the customer journey and launching innovative products that add value to our community."
As Zoomcar heads into 2025, the company remains dedicated to advancing its mission of empowering Hosts, offering affordable and convenient transportation for Guests, and driving financial sustainability. The continuous trend of improving contribution profits not only signals progress but also sets a strong foundation for the future.
Financial Disclosure Advisory:
The Company reports its financial results in accordance with
Non-GAAP Financial Measures:
Certain non-GAAP financial measures, including contribution profit, are presented in this press release to provide information that may assist investors in understanding the Company's financial and operating results. The Company believes these non-GAAP financial measures are important performance indicators because they exclude items that are unrelated to, and may not be indicative of, the Company's core financial and operating results. These non-GAAP financial measures, as calculated, may not necessarily be comparable to similarly titled measures of other companies and may not be appropriate measures for comparing the performance of other companies relative to the Company. These non-GAAP financial measures are not intended to represent, and should not be considered to be more meaningful measures than, or alternatives to, measures of operating performance as determined in accordance with GAAP. To the extent the Company utilizes such non-GAAP financial measures in the future, it expects to calculate them using a consistent method from period to period.
About Zoomcar:
Founded in 2013 and headquartered in Bengaluru,
Forward Looking Statement:
Certain statements contained in this press release are not historical facts and may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "plans," "expects," "believes," "anticipates," and similar words are intended to identify forward-looking statements. These forward-looking statements include, but are not limited to, statements relating to the Company's preliminary, unaudited financial results for the third quarter of the fiscal year 2024-2025, the Company's progress against its strategic objectives, and the plans for and timing of the Company's the Company's release of its financial and business results for the third quarter of the fiscal year 2024-2025. Forward-looking statements are based on our current expectations and beliefs, and involve a number of risks and uncertainties that are difficult to predict and that could cause actual results to differ materially from those stated or implied by the forward-looking statements. A description of certain of these risks, uncertainties and other matters can be found in filings we make with the
Press Contact:
Bhagyashree Rewatkar: bhagyashree.rewatkar@zoomcar.com
Logo: https://mma.prnewswire.com/media/2517562/5014195/Zoomcar_Logo.jpg
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SOURCE Zoomcar Holdings, Inc.
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