Core Insights - Zoomcar Holdings, Inc. achieved its highest-ever unaudited contribution profit of $494,506 in December 2024, covering operational costs in India, indicating strong operational performance and commitment to sustainable growth [1][2] - There was a 17% increase in bookings in December 2024 compared to December 2023, reflecting growing consumer demand and the appeal of Zoomcar's platform [2] - The company reported a significant financial turnaround, with a contribution profit of $0.46 million (20%) in the first fiscal quarter of 2024-25, up from a loss of $1.2 million (-45%) in the same quarter of the previous year [5] - In the second fiscal quarter of 2024-25, Zoomcar recorded a contribution profit of $1.21 million (54% of revenue), a notable improvement from a loss of $0.12 million (-5%) in the prior year [5] Financial Performance - December 2024 marked a record monthly contribution profit, continuing a trend of four consecutive quarters of improvement in contribution profits [5] - The company emphasizes a focus on customer experience, which has driven repeat bookings and strengthened host retention while minimizing marketing expenses [2] - The financial results are based on provisional estimates and are subject to revision until the full financial results for the third quarter of the fiscal year 2024-2025 are reported [3]
Zoomcar Reports Highest-Ever Unaudited and Unreviewed Contribution Profit in December 2024 Which Covers India Operational Costs