Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 1624

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 5
Chunk 1624
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 Notes amounting to $3.45 million and $6.99 million vs nil for the year ended March 31, 2025, as the same was converted into equity
at the close of deSPAC in the fiscal year ending March 31, 2024. This increase in expenses is offset by recognizing other income on account
of the change in the fair value of unsecured convertible note of $1.74 million and gain on change in fair value of derivative financial
instrument amounting to $9.04 million during the year ending March 31, 2025, as compared to Nil during the year ending March 31, 2024.

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, 

    2025  
    2024 
  
    Gross profit /(loss) 
    $3,809,050  
    $(434,362)
  
    Gross margin 
     42% 
     -4%
  
    Contribution profit