{"id":2798,"date":"2026-07-14T12:29:38","date_gmt":"2026-07-14T12:29:38","guid":{"rendered":"https:\/\/press.zoomcar.com\/?p=2798"},"modified":"2026-07-14T12:29:38","modified_gmt":"2026-07-14T12:29:38","slug":"zoomcar-cuts-adjusted-ebitda-loss-by-47-delivers-tenth-consecutive-quarter-of-positive-contribution-profit","status":"publish","type":"post","link":"https:\/\/press.zoomcar.com\/in\/zoomcar-cuts-adjusted-ebitda-loss-by-47-delivers-tenth-consecutive-quarter-of-positive-contribution-profit\/","title":{"rendered":"Zoomcar Cuts Adjusted EBITDA Loss by 47%, Delivers Tenth Consecutive Quarter of Positive Contribution Profit"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_57 ez-toc-wrap-left counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table Of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\" role=\"button\"><label for=\"item-6a57b290d36d2\" ><span class=\"\"><span style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #444243;color:#444243\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #444243;color:#444243\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input aria-label=\"Toggle\" aria-label=\"item-6a57b290d36d2\"  type=\"checkbox\" id=\"item-6a57b290d36d2\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='insert-page-1 insert-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/press.zoomcar.com\/in\/zoomcar-cuts-adjusted-ebitda-loss-by-47-delivers-tenth-consecutive-quarter-of-positive-contribution-profit\/#Contribution_profit_per_booking_rises_30_to_1294_contribution_margin_expands_800_basis_points_to_55_of_revenue_net_loss_attributable_to_shareholders_narrows_43_to_1462_million\" title=\"Contribution profit per booking rises 30% to $12.94; contribution margin expands 800 basis points to 55% of revenue; net loss attributable to shareholders narrows 43% to $14.62 million\">Contribution profit per booking rises 30% to $12.94; contribution margin expands 800 basis points to 55% of revenue; net loss attributable to shareholders narrows 43% to $14.62 million<\/a><\/li><li class='insert-page-1 insert-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/press.zoomcar.com\/in\/zoomcar-cuts-adjusted-ebitda-loss-by-47-delivers-tenth-consecutive-quarter-of-positive-contribution-profit\/#About_Zoomcar\" title=\"About Zoomcar\">About Zoomcar<\/a><\/li><li class='insert-page-1 insert-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/press.zoomcar.com\/in\/zoomcar-cuts-adjusted-ebitda-loss-by-47-delivers-tenth-consecutive-quarter-of-positive-contribution-profit\/#Forward_Looking_Statement\" title=\"Forward Looking Statement\">Forward Looking Statement<\/a><\/li><li class='insert-page-1 insert-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/press.zoomcar.com\/in\/zoomcar-cuts-adjusted-ebitda-loss-by-47-delivers-tenth-consecutive-quarter-of-positive-contribution-profit\/#Non-GAAP_Financial_Measure\" title=\"Non-GAAP Financial Measure:\">Non-GAAP Financial Measure:<\/a><\/li><li class='insert-page-1 insert-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/press.zoomcar.com\/in\/zoomcar-cuts-adjusted-ebitda-loss-by-47-delivers-tenth-consecutive-quarter-of-positive-contribution-profit\/#Reconciliation_of_GAAP_to_Non-GAAP_Metrics\" title=\"Reconciliation of GAAP to Non-GAAP Metrics\">Reconciliation of GAAP to Non-GAAP Metrics<\/a><\/li><li class='insert-page-1 insert-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/press.zoomcar.com\/in\/zoomcar-cuts-adjusted-ebitda-loss-by-47-delivers-tenth-consecutive-quarter-of-positive-contribution-profit\/#Contribution_ProfitLoss\" title=\"Contribution Profit\/(Loss)\">Contribution Profit\/(Loss)<\/a><\/li><\/ul><\/nav><\/div>\n<h4><span class=\"ez-toc-section\" id=\"Contribution_profit_per_booking_rises_30_to_1294_contribution_margin_expands_800_basis_points_to_55_of_revenue_net_loss_attributable_to_shareholders_narrows_43_to_1462_million\"><\/span><b>Contribution profit per booking rises 30% to $12.94; contribution margin expands 800 basis points to 55% of revenue; net loss attributable to shareholders narrows 43% to $14.62 million<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><b>BENGALURU, India \u2014 July 14, 2026 \u2014<\/b><span style=\"font-weight: 400;\"> Zoomcar Holdings, Inc. (OTCQB: ZCAR), India&#8217;s largest peer-to-peer car-sharing marketplace, today reported financial results for the fiscal year ended March 31, 2026, capping a year in which the company deliberately traded volume for profitability and, by nearly every measure that matters, was proven right.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Contribution profit rose 19 percent to $5.07 million, representing 55 percent of net revenue, an expansion of 800 basis points over the prior fiscal year.\u00a0 Adjusted EBITDA loss narrowed by 47 percent to $5.22 million from $9.91 million. Net loss attributable to shareholders fell 43 percent, to $14.62 million from $25.62 million. Loss from operations improved 35 percent to $6.77 million. And for the tenth consecutive quarter, the marketplace generated positive contribution profit, a run that now stretches back two and a half years.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">What makes the year unusual is how it was achieved. Zoomcar spent dramatically less to acquire demand, not more. Marketing costs excluding brand marketing fell by roughly two-thirds to $0.20 million, and host incentives declined 26 percent. Yet <\/span><b>contribution profit per booking climbed 30 percent<\/b><span style=\"font-weight: 400;\">, to $12.94 from $9.96. Gross booking value held essentially flat at $25.27 million \u2014 the same volume of commerce moving across the platform, on some 35,000 fewer bookings, each of them materially more profitable.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8220;We made a deliberate decision this year: stop buying growth, and prove the marketplace can stand on its own economics,&#8221; said Deepankar Tiwari, Chief Executive Officer of Zoomcar. &#8220;Ten consecutive quarters of positive contribution profit is not a streak. It is a structural result. Every booking on our platform is now meaningfully more profitable than it was a year ago, and it is happening without discounting, without paid acquisition at scale, and with more than half our bookings coming from guests who simply chose to come back.&#8221;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bookings declined 8 percent year over year, to 391,302 from 426,788 \u2014 the direct and intended consequence of withdrawing performance marketing spend and prioritizing higher-value, higher-retention trips. Beneath that headline, the quality of demand strengthened across the board. Repeat users accounted for 51 percent of all bookings, a level the company has now sustained for more than six consecutive quarters without significant incentivization or discounting. Average guest trip rating improved to 4.77 out of five, from 4.69. The number of hosts rated 4.5 or above grew 7 percent, deepening supply-side quality on the platform. Zoomcar continues to record approximately 700,000 monthly rental sessions with no performance marketing spend behind them, and organic traffic converts at roughly twice the rate of paid.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The cost base was reset in parallel. Cost of revenue fell 16 percent to $4.43 million, lifting gross profit 24 percent to $4.73 million on essentially flat revenue of $9.16 million. Finance costs declined 63 percent to $3.18 million as the company continued to restructure its balance sheet, and other expenses, net, fell 39 percent.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Zoomcar continues to execute a multi-track plan to strengthen its balance sheet and fund the next phase of expansion. The company is actively raising growth capital, has launched a warrant exchange tender offer to simplify its capital structure, and has engaged an investment bank to help with a potential uplist to a premier U.S. national securities exchange. Debt restructuring remains ongoing, with the company working toward positive net worth on minimal cash burn.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"About_Zoomcar\"><\/span><b>About Zoomcar<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Founded in 2013 and headquartered in Bengaluru, Zoomcar is India&#8217;s largest peer-to-peer car-sharing marketplace. Through its digital-first platform, Zoomcar connects individual vehicle owners (Hosts) with users (Guests), offering flexible access to vehicles for self-drive carsharing. The company&#8217;s mission is to promote smarter, shared mobility that is both economically empowering and environmentally sustainable.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Forward_Looking_Statement\"><\/span><b>Forward Looking Statement<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">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 &#8220;plans,&#8221; &#8220;expects,&#8221; &#8220;believes,&#8221; &#8220;anticipates,&#8221; and similar words are intended to identify forward-looking statements. These forward-looking statements include, but are not limited to, statements concerning our expected revenue growth and improved profitability, and our financial forecasts. 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 U.S. Securities and Exchange Commission, all of which are available at<\/span><a href=\"http:\/\/www.sec.gov\"> <span style=\"font-weight: 400;\">www.sec.gov<\/span><\/a><span style=\"font-weight: 400;\">. Because forward-looking statements involve risks and uncertainties, actual results and events may differ materially from results and events currently expected by us, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in its expectations with regard to these forward-looking statements or the occurrence of unanticipated events.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Non-GAAP_Financial_Measure\"><\/span><b>Non-GAAP Financial Measure:<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">To supplement our financial statements, which are presented on the basis of U.S. generally accepted accounting principles (GAAP), the following non-GAAP measures of financial performance are included in this release: contribution margin, and adjusted EBITDA. A reconciliation of GAAP to adjusted non-GAAP financial measures is included as an attachment to this press release. We believe these non-GAAP financial measures are useful to investors in assessing our operating performance. We use these financial measures internally to evaluate our operating performance and for planning and forecasting of future periods. We also believe it is in the best interests of investors to provide this non-GAAP information. While we believe these non-GAAP financial measures provide useful supplemental information to investors, there are limitations associated with the use of these non-GAAP financial measures. These non-GAAP financial measures may not be reported by competitors, and they may not be directly comparable to similarly titled measures of other companies due to differences in calculation methodologies. The non-GAAP financial measures are not an alternative to GAAP information and are not meant to be considered in isolation or as a substitute for comparable GAAP financial measures. They should be used only as a supplement to GAAP information and should be considered only in conjunction with our consolidated financial statements prepared in accordance with GAAP.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Reconciliation_of_GAAP_to_Non-GAAP_Metrics\"><\/span><b>Reconciliation of GAAP to Non-GAAP Metrics<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">The following is the reconciliation of adjusted EBITDA to the most comparable GAAP measure for the Fiscal Year ending Mar 31, 2026 as compared to Mar 31, 2025.<\/span><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone wp-image-2800\" src=\"https:\/\/press.zoomcar.com\/wp-content\/uploads\/2026\/07\/Screenshot-2026-07-14-at-5.52.10\u202fPM.png\" alt=\"\" width=\"691\" height=\"234\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Adjusted EBITDA is a non-GAAP financial measure that represents our net income or loss adjusted for (i) depreciation and amortization (ii) finance costs, (iii) Gain on troubled debt restructuring and (iv) Other income\/Expense.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Contribution_ProfitLoss\"><\/span><b>Contribution Profit\/(Loss)<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">The following is the calculation of Contribution Profit\/(Loss) to the most comparable GAAP measure for the fiscal year ending Mar 31 2026 as compared to Mar 31, 2025.<\/span><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone wp-image-2807\" src=\"https:\/\/press.zoomcar.com\/wp-content\/uploads\/2026\/07\/Screenshot-2026-07-14-at-5.52.22\u202fPM.png\" alt=\"\" width=\"652\" height=\"330\" \/><\/p>\n<p><span style=\"font-weight: 400;\">We define contribution profit (loss) as our gross profit\/(loss)\u00a0 plus (a) depreciation expense included in cost of revenue,(b) other general costs included in cost of revenue (rent, software support, insurance, travel); less (i) Host incentive payments and (ii) marketing and promotional expenses (excluding brand marketing).<\/span><\/p>\n<p><b>Contact<\/b><span style=\"font-weight: 400;\">: <\/span><span style=\"font-weight: 400;\">investors@zoomcar.com<\/span><span style=\"font-weight: 400;\">\u00a0 <\/span><span style=\"font-weight: 400;\">press@zoomcar.com<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Contribution profit per booking rises 30% to $12.94; contribution margin expands 800 basis points to 55% of revenue; net loss attributable to shareholders narrows 43% to $14.62 million BENGALURU, India \u2014 July 14, 2026 \u2014 Zoomcar Holdings, Inc. (OTCQB: ZCAR), &hellip; <a href=\"https:\/\/press.zoomcar.com\/in\/zoomcar-cuts-adjusted-ebitda-loss-by-47-delivers-tenth-consecutive-quarter-of-positive-contribution-profit\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":11,"featured_media":2203,"comment_status":"open","ping_status":"open","sticky":false,"template":"single-blog.php","format":"standard","meta":{"_mbp_gutenberg_autopost":false,"footnotes":""},"categories":[585,594],"tags":[],"language_code":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Zoomcar Cuts Adjusted EBITDA Loss by 47%, Delivers Tenth Consecutive Quarter of Positive Contribution Profit -<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zoomcar Cuts Adjusted EBITDA Loss by 47%, Delivers Tenth Consecutive Quarter of Positive Contribution Profit -\" \/>\n<meta property=\"og:description\" content=\"Contribution profit per booking rises 30% to $12.94; contribution margin expands 800 basis points to 55% of revenue; net loss attributable to shareholders narrows 43% to $14.62 million BENGALURU, India \u2014 July 14, 2026 \u2014 Zoomcar Holdings, Inc. 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