Zoomcar reduces EBITDA loss by 47%, raises contribution profit per booking

Zoomcar Holdings, Inc., a peer-to-peer car-sharing marketplace, has announced its financial results for the fiscal year ending March 31, 2026. The company reported a 47% decrease in adjusted EBITDA loss, narrowing it to $5.22 million from $9.91 million in the prior year, as it prioritized profitability over growth volume.

The financial report highlights a significant improvement in unit economics. Contribution profit rose 19% to $5.07 million, with the contribution margin expanding to 55% of net revenue, an increase of 800 basis points year-over-year. Crucially, contribution profit per booking climbed 30% to $12.94. While gross booking value remained flat, the number of bookings decreased by approximately 35,000, indicating that each transaction was substantially more profitable.

Chief Executive Officer Deepankar Tiwari stated the strategy was intentional. "We made a deliberate decision this year: stop buying growth, and prove the marketplace can stand on its own economics," Tiwari said. He emphasized that ten consecutive quarters of positive contribution profit are a structural outcome, achieved without discounts or large-scale paid acquisition, with over half of bookings coming from repeat customers.

Zoomcar also reported improved customer retention, with repeat users accounting for 51% of bookings, a level sustained for over six quarters. The average guest trip rating improved to 4.77 out of five. The company is continuing efforts to strengthen its balance sheet and is exploring capital raises and a potential uplisting to a U.S. national securities exchange.