Company: ZCARW
Filing Date: 2025-05-12
Form Type: S-1/A
Source: 0001213900-25-041769
Chunk: 131

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-12
Form: S-1/A
Chunk 131
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 held by certain transaction vendors which was partially offset by an amount of $0.24 million of other income generated on account of writeback of customer payables outstanding for more than three years and one time writeback of trade payables as of March 31, 2023. In addition, during the year ended March 31, 2024, we recorded a loss of $0.21 million related to sale of assets held for sale versus a gain on sale of $1.64 million recorded in the previous year. There was a reduction in foreign currency remeasurement expense of $0.29 million in the current year ending March 31, 2024, versus the year ended March 31, 2023, as well as income of $0.11 million related to write back of prior provisions recorded during the year ending March 31, 2024. 75 Non-GAAP Financial Measures In addition to our results determined in accordance with GAAP, we believe the following non-GAAP financial measures help us to evaluate our business, identify trends affecting our business, formulate business plans, and make strategic decisions. We use the following non-GAAP financial measures, collectively, to evaluate our ongoing operations and for internal planning and forecasting purposes. We believe that these non-GAAP financial measures, when taken collectively, may be helpful to investors because they provide consistency and comparability with past financial performance and assist in comparisons with other companies, some of which use similar non-GAAP financial measures to supplement their GAAP results. The non-GAAP financial measures are presented for supplemental informational purposes only, should not be considered as a substitute for financial information presented in accordance with GAAP, and may be different from similarly titled non-GAAP financial measures used by other companies. Because of these limitations, we consider, and you should consider, our non-GAAP financial measures alongside other financial performance measures presented in accordance with GAAP. A reconciliation of each non-GAAP financial measure to the most directly comparable financial measure stated in accordance with GAAP is provided below. Investors are encouraged to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures. The following table summarizes our non-GAAP financial measures, along with the most directly comparable GAAP measure, for each period presented below.

|                     |     | For the Years Ended 
 March 31,           |        2024 |   |     |   |        2023 |   |
|:--------------------|:----|