Zoomcar Reports Highest-Ever $4,94,506 Contribution Profit In December 2024

A marketplace for car sharing in India, Zoomcar Holdings recorded its highest-ever unaudited and unreviewed contribution profit for the single month in December 2024, amounting to $4,94,506 based on provisional financials for the month, sufficient to cover its operational costs in India (excluding exceptional items). Zoomcar currently only operates in India and does not incur operational costs in any other country.

December 2024 marked a significant growth in consumer demand, leading to a 17 per cent growth in bookings compared to December 2023. This surge in activity highlights the growing appeal of Zoomcar’s platform among Hosts and Guests, as well as the increasing adoption of car-sharing solutions across India.

Zoomcar’s financial turnaround has been remarkable over the past year. Key highlights include:

• In the first fiscal quarter 2024-25 report, Zoomcar reported a contribution profit of $0.46 million (20 per cent), a substantial improvement in contribution margin from a loss of $1.2 million (-45 per cent) in first fiscal quarter 2023-24.
• Similarly, Zoomcar shared a record quarterly contribution profit of $1.21 million (54 per cent of revenue) in second fiscal quarter 2024-25, up from a loss of $0.12 million (-5 per cent) in second fiscal quarter 2023-24.

December 2024’s unaudited and unreviewed monthly contribution profit continues this positive trajectory, following a streak of four consecutive quarters of contribution profit improvement filed by the company.

Commenting on the results, Hiroshi Nishijima, Interim CEO of Zoomcar, said, “By achieving a record contribution profit (unaudited and unreviewed) in December 2024 which is our peak seasonal demand month and covering operational costs reflects that our business fundamentals are right on track by putting the customer experience at the center of our strategy. This focus drives repeat bookings from Guests and strengthens Host retention, all while minimising our spend on discounts and marketing—an organic flywheel of growth.”