Zoomcar managed to reduce its loss by 25% to $25.6 Mn in FY25 despite a decrease in revenue, which fell to $9.1 Mn.
The company's adjusted EBITDA loss shrank by 44% to $9.9 Mn in FY25 compared to the previous fiscal year.
Zoomcar reported a contribution profit of $4.3 Mn in FY25, a significant improvement from a contribution loss of $980K in FY24.
The company remains burdened by debt, recording a loss of $1.2 Mn in troubled debt restructuring, raising doubts about its ability to continue as a going concern.