BENGALURU, India, April 16, 2026 /PRNewswire/ -- Zoomcar Holdings, Inc. (OTCQB:ZCAR), India's largest peer-to-peer car-sharing marketplace, today announced preliminary, unaudited financials for the fiscal year ended March 31, 2026, signaling a significant step-change in profitability.
The company expects its net loss to decline by approximately 70% year-over-year, alongside an estimated 54% reduction in Adjusted EBITDA losses, reflecting strong operating leverage across the business, while maintaining a stable topline. This underscores Zoomcar's ability to drive margin expansion through disciplined execution, improved unit economics, and a higher-quality demand mix.
"FY26 marks a clear inflection in our journey," said Deepankar Tiwari, CEO of Zoomcar. "We've significantly improved profitability while maintaining a stable revenue base. This validates the strength of our marketplace model and our focus on efficient, high-quality growth."
The improvement has been driven by tighter cost structures and stronger unit economics, supported by a rising share of repeat users. AI-led pricing, risk, and fraud detection systems are driving measurable efficiency gains, while strategic partnerships with insurers are helping to structurally de-risk the business, improve margins.
With profitability improving materially, Zoomcar is entering FY27 with a sharper focus on further improving margins, supply density in high-demand markets, and continued balance sheet optimization, as it advances toward a sustainable EBITDA breakeven.
These figures are preliminary, unaudited, and subject to review and adjustment. Final results will be reported in the company's upcoming annual filings.
Financial Disclosure Advisory:
The Company reports its financial results in accordance with U.S. generally accepted accounting principles ("GAAP") on Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K filed with the U.S. Securities and Exchange Commission. The select unaudited and unreviewed results described in this press release are preliminary estimates only based on internal financial data and are subject to revision until the Company ...
