India, Feb. 17 -- Nasdaq-listed rental car platform Zoomcar managed to cut its net loss for the three months ended December 2025 by 91% to $721K from $7.92 Mn in the year-ago period on the back of a one-time gain. On a sequential basis, the company's net loss declined 9% from $794K.

The company realised a one-time gain of $1.23 Mn during the quarter under review. This gain came on the back of a $1.33 Mn write-back of contractor-related liabilities following a reassessment triggered by the introduction of a new labour code, along with recovery of GST receivables. This gain was partially offset by a loss arising from a "litigation settlement".

Meanwhile, Zoomcar reported a 3% decline in operating revenue to $2.37 Mn during the quarter fro...