{"id":845359,"date":"2024-08-17T09:44:29","date_gmt":"2024-08-17T04:14:29","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=845359"},"modified":"2024-08-17T09:47:10","modified_gmt":"2024-08-17T04:17:10","slug":"zoomcar-narrows-ebitda-loss-in-q1-fy25-marks-third-profitable-quarter","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/17\/zoomcar-narrows-ebitda-loss-in-q1-fy25-marks-third-profitable-quarter\/","title":{"rendered":"Zoomcar narrows Ebitda loss in Q1 FY25, marks third profitable quarter"},"content":{"rendered":"<p>The Bangalore-headquartered, Nasdaq-listed self-drive rental car company Zoomcar reported a narrowed adjusted Ebitda loss, decreasing from $6.8 million to $3.3 million year-on-year during the first quarter of the financial year 2024-25, ending on June 30. Additionally, the company achieved a 58 per cent reduction in the cost of revenue, bringing it down to $1.5 million. <\/p>\n<p>The improvement in adjusted Ebitda was attributed to cost optimisation efforts driven by technology and product enhancements. A guest verification process, incorporating Aadhaar, driving licence, and selfie authentication, has been instrumental in reducing late returns and accidents, contributing to overall cost savings.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bangalore-headquartered, Nasdaq-listed self-drive rental car company Zoomcar reported a narrowed adjusted Ebitda loss, decreasing from $6.8 million to $3.3 million year-on-year during the first quarter of the financial year 2024-25, ending on June 30. Additionally, the company achieved a 58 per cent reduction in the cost of revenue, bringing it down to $1.5 million. The improvement in adjusted Ebitda was attributed to cost optimisation efforts driven by technology and product enhancements. A guest verification process, incorporating Aadhaar, driving licence, and selfie authentication, has been instrumental in reducing late returns and accidents, contributing to overall cost savings.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9,34,4],"tags":[],"class_list":["post-845359","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-it-2-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/845359","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=845359"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/845359\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=845359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=845359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=845359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}