Zoomcar Holdings reported Q2 FY25 revenue of $2.2 million, down 16% year-over-year, as the company prioritized profitability over growth. Despite lower booking days and gross booking value, contribution profit improved to $1.2 million compared to a $0.1 million loss last year, driven by significant cost reductions across operations.The company achieved substantial improvements in operating metrics, with cost of revenue declining 56% to $1.2 million through operational efficiencies and headcount optimization. Sales and marketing expenses decreased 81% to $0.2 million, while general and administrative costs fell 24% to $1.7 million. Adjusted EBITDA loss narrowed to $1.5 million from $3.9 million in Q2 FY24.However, Zoomcar faces critical liquidity challenges with $0.6 million in cash and defaulted debt obligations of $38.9 million as of September 30, 2024. While the company raised $9.1 million through a private placement in November 2024, management indicates additional funding is urgently needed to continue operations beyond December 2024 and address outstanding liabilities.

Zoomcar Holdings reported Q2 FY25 revenue of $2.2 million, down 16% year-over-year, as the company prioritized profitability over growth. Despite lower booking days and gross booking value, contribution profit improved to $1.2 million compared to a $0.1 million loss last year, driven by significant cost reductions across operations.The company achieved substantial improvements in operating metrics, with cost of revenue declining 56% to $1.2 million through operational efficiencies and headcount optimization. Sales and marketing expenses decreased 81% to $0.2 million, while general and administrative costs fell 24% to $1.7 million. Adjusted EBITDA loss narrowed to $1.5 million from $3.9 million in Q2 FY24.However, Zoomcar faces critical liquidity challenges with $0.6 million in cash and defaulted debt obligations of $38.9 million as of September 30, 2024. While the company raised $9.1 million through a private placement in November 2024, management indicates additional funding is urgently needed to continue operations beyond December 2024 and address outstanding liabilities.