Company: ZCARW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076590
Chunk: 206

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 206
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 sale.

Finance Costs 

    For the Three Months Ended June 30, 

    2025  
    2024  
    Change  
    Change % 
  
    Finance costs 
    $297,551  
    $551,003  
    $(253,452) 
     -46%

Finance costs were $0.30
million during the three months ended on June 30, 2025, as compared to $0.55 million during the three months ended on June 30, 2024, a
reduction of $0.25 million, or 46%. There were Non-cash expenses related to change in Interest on redeemable promissory notes amounting
to $0.15 million during the three months ended June 30, 2024 as compared to Nil during the three months ended June 30, 2025 due to repayment
of the same during November 2024 financing, Interest on vehicle loans and finance lease has reduced by $0.06 million and also penalty
on non payment of lease and loan has reduced by $0.05 million due to restructuring and partial payments of the liabilities.

Gain on troubled debt restructuring

    For the Three Months Ended
 June 30, 

    2025  
    2024  
    Change  
    Change % 
  
    Gain on troubled debt restructuring 
    $(72,912) 
    $    -  
    $(72,912) 
     100%

Gain on troubled debt restructuring
during the three months ended on June 30, 2025 was $0.07 million vs Nil during the three months ended on June 30, 2024. The gain on troubled
debt restructuring was on account of operating lease restructurings.

50

Other expense/(income), net

    For the Three Months Ended  June 30, 

    2025  
    2024  
    Change  
    Change % 
  
    Other expense/(income), net 
    $2,219,251  
    $(1,393,992) 
    $3,613,243  
     -259%

Other expenses were $2.22
million during the three months ended on June 30, 2025, versus other income of $1.39 million during the three months ended on June 30,
2024, an increase in expense of $3.61 million