Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 1424

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 4
Chunk 1424
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0%
  
    Gain on troubled debt restructuring 
     -13% 
     0%
  
    Other income, net 
     85% 
     -114%
  
    Other income from related parties 
     0% 
     0%
  
    Loss before provision for income taxes 
     -281% 
     -346%
  
    Provision for income taxes 
     0% 
     0%
  
    Net loss income 
     -281% 
     -346%

Net Revenue

    For the Years Ended March 31, 

    2025  
    2024  
    Change  
    Change % 
  
    Revenues from services 
     9,024,576  
     9,836,434  
     (811,858) 
     -8%
  
    Other revenues 
     81,315  
     60,799  
     20,516  
     34%
  
    Net Revenue 
     9,105,891  
     9,897,233  
     (791,342) 
     -8%

Our total net revenue for the year ended on March 31, 2025, and March
31, 2024, was $9.11 million and $9.90 million, respectively, representing a decline of $0.79 million, or 8%. While the total number of
Bookings and Booking Days increased by 10% and 1% respectively, GBV declined by 5%, during the year ended March 31, 2025, versus the previous
comparable period, but the revenue has decreased majorly due to a reduction of average rate per hour.

In the peer-to-peer car
sharing model, we continued to take several measures to improve profitability, such as (i) reduction of cash incentives paid to Hosts
and (ii) introduction of cancellation fees for Host and Guest. These and other cost rationalization strategies resulted in improved unit
profitability at the expense of reducing GBV and Net revenue for the year ended March 31, 2025, versus the previous comparable period.

69

Costs and Expenses

Cost of Revenue 

    For the Years Ended March 31, 

    2025  
    2024  
    Change  
    Change % 
  
    Cost of revenue 
     5,296,841