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Zoomcar Delivers Record Contribution Profit of $1.65 Million; Margin per Booking Rises to 70% or $18.75

ZCAR
  • Zoomcar reported fiscal Q1 results for the period ended June 30, 2026, with net revenue rising 2% to $2.35 million.
  • Contribution profit increased 45% to $1.65 million, establishing a contribution margin of 70% of net revenue.
  • The contribution margin expanded by 2,100 basis points compared to 49% in the prior year period.
  • Contribution profit per booking reached $18.75, a 72% increase from $10.89, marking the eleventh consecutive quarter of positive contribution profit.
  • Adjusted EBITDA loss narrowed 65% to $0.61 million, the lowest loss recorded in eleven quarters.
  • Loss from operations decreased 50% to $0.88 million.
  • The company has completed over 5.1 million lifetime trips across 109 cities for more than 2.0 million unique customers.
  • Bookings declined 16% to 88,160 as the company strategically shifted toward longer, higher-value trips rather than volume.
  • Gross booking value fell 10% to $5.83 million on a reported dollar basis, though net revenue grew at a double-digit rate in Indian rupees.
  • Cost of revenue dropped 38% to $0.81 million, primarily due to reduced losses from accidental damage & theft following insurance & loss-prevention updates.
  • Demand quality improved with average guest trip ratings rising to 4.8 out of 5 & repeat users increasing to 58% of bookings.
  • Zoomcar launched a two-wheeler pilot in Bengaluru, leveraging existing infrastructure built for over 5.1 million car trips.
  • A private placement bridge round has raised approximately $1.8 million toward a target of up to $10 million.
  • Shareholders approved a warrant exchange tender offer to simplify the capital structure, & an investment bank has been engaged to support a potential uplisting.
  • Debt restructuring efforts continue with the goal of reducing finance costs & moving toward a positive net worth.