How did ZCAR's Q3 2024 EPS performance compare to expectations?

Zoomcar Holdings (ZCAR) reported a diluted EPS of -$4.43 for Q3 2024. This negative EPS indicates that the company had a loss for the period, with each share contributing a loss of $4.43 to the total.

|code|Ticker|Name|Date|Diluted EPS YoY|Diluted EPS|market_code|
|---|---|---|---|---|---|---|
|ZCAR|ZCAR.O|Zoomcar Holdings|2024 Q1|-596000|-59.61|185|
|ZCAR|ZCAR.O|Zoomcar Holdings|2024 Q2|-6421950.000000001|-2568.82|185|
|ZCAR|ZCAR.O|Zoomcar Holdings|2024 Q3|597.8393351800554|89.86|185|

This performance is likely a result of the company's ongoing efforts to reduce costs and improve operational efficiency, as indicated by the significant decline in net loss for the fiscal year ended 2024, which is approximately $28 million. Despite the negative EPS, the company has seen an increase in total revenue for the fiscal year ended 2024, which is approximately $1.2 million. This revenue growth, coupled with a decline in net loss, suggests that Zoomcar is moving towards profitability, albeit it may take some time for the financial gains to fully materialize.