Zoomcar Holdings reported revenue of $2.24 million for Q1 FY25, down 14% from $2.61 million in Q1 FY24, as the company prioritized unit profitability over growth. The decline reflected an 8% decrease in booking days to 168,509 and a 14% reduction in gross booking value to $6.23 million. Net loss significantly improved to $2.53 million from $28.78 million year-over-year.The company achieved substantial cost reductions across all major expense categories, with total costs decreasing 44% to $5.62 million. Cost of revenue declined 58% to $1.51 million through operational efficiencies, while sales and marketing expenses dropped 70% to $0.80 million. Technology and development costs decreased 32% to $0.90 million through optimization of cloud services.The company faces significant liquidity challenges with $1.58 million in cash as of June 30, 2024, and has defaulted on multiple debt obligations. Management indicates current cash will support operations through November 2024 assuming no debt payments. Zoomcar is actively exploring financing options but notes substantial doubt about its ability to continue as a going concern without additional funding.

Zoomcar Holdings reported revenue of $2.24 million for Q1 FY25, down 14% from $2.61 million in Q1 FY24, as the company prioritized unit profitability over growth. The decline reflected an 8% decrease in booking days to 168,509 and a 14% reduction in gross booking value to $6.23 million. Net loss significantly improved to $2.53 million from $28.78 million year-over-year.The company achieved substantial cost reductions across all major expense categories, with total costs decreasing 44% to $5.62 million. Cost of revenue declined 58% to $1.51 million through operational efficiencies, while sales and marketing expenses dropped 70% to $0.80 million. Technology and development costs decreased 32% to $0.90 million through optimization of cloud services.The company faces significant liquidity challenges with $1.58 million in cash as of June 30, 2024, and has defaulted on multiple debt obligations. Management indicates current cash will support operations through November 2024 assuming no debt payments. Zoomcar is actively exploring financing options but notes substantial doubt about its ability to continue as a going concern without additional funding.