v3.25.1
Revenue
 9 Months Ended 12 Months Ended
Dec. 31, 2024
Mar. 31, 2024
Revenue [Abstract]    
Revenue
23 Revenue

 

The components of revenue, net were as follows:

 

   Three months ended
December 31,		   Nine months ended
December 31,		 
(In USD)  2024   2023   2024   2023 
                 
Revenue from services                
Facilitation revenue (net)  $2,448,571   $2,421,438   $6,894,511   $7,717,064 
Others   797    
-
    797    
-
 
                     
Other operating revenues   
-
    
-
    41,942    
-
 
Total  $2,449,368   $2,421,438   $6,937,250   $7,717,064 

 

   Three months ended
December 31,		    Nine months ended
December 31,		 
Revenue by geographical location   2024    2023    2024    2023 
India  $2,449,323   $2,391,332   $6,920,079   $7,615,314 
Egypt   
-
    27,868    13,225    78,259 
Vietnam   
-
    
-
    
-
    17,873 
Indonesia   45    2,238    3,946    5,618 
   $2,449,368   $2,421,438   $6,937,250   $7,717,064 

 

Contract balances

 

The Company’s contract liabilities for consideration collected prior to satisfying the performance obligations is $689,018 and $716,091 as at December 31, 2024 and March 31, 2024 respectively. The Company has collected $659,650 as advance from customers during the nine months ended December 31, 2024.

 

The Company offers loyalty program, Z-Points, that results in the deferral of revenue equivalent to the retail value at the date the points are earned. The Company had accumulated deferred revenue amounting to $29,369 and $96,710 as at December 31, 2024 and March 31, 2024, respectively in relation to Loyalty program.

 

Revenue recognized during the three months and nine months ended December 31, 2024 which was included in contract liabilities balance at the beginning of the respective period amounts to $(13,488) and $256,341 respectively ($NIL and $360,686 recognized during the three months and nine months ended December 31, 2023 respectively).
25Revenue

 

The components of revenue, net were as follows:  

 

(In USD)        
   March 31,
2024		   March 31,
2023		 
Income from rentals        
Self-drive rentals  $-   $165,834 
Revenues from services          
Facilitation revenue (net)   9,836,434    8,586,785 
Other operating revenues   60,799    73,587 
Total   9,897,233    8,826,206 

  

Revenue by geographical location   March 31,
2024		    March 31,
2023		 
India  $9,759,318   $8,615,615 
Egypt   114,680    110,092 
Vietnam   17,756    98,945 
Indonesia   5,480    1,554 
    9,897,233    8,826,206 

 

Contract balances

 

The Company’s contract liabilities for consideration collected prior to satisfying the performance obligations is $640,173 and $786,572 as at March 31, 2024 and March 31, 2023 respectively. The Company has collected $177,590 as advance from customers during the year ended March 31, 2024.

 

The Company offers loyalty program, Z-Points, that results in the deferral of revenue equivalent to the retail value at the date the points are earned. The Company had accumulated deferred revenue amounting to $96,710 and $260,705 as at March 31, 2024 and March 31, 2023, respectively in relation to Loyalty program.

 

Revenue recognized during the year ended March 31, 2024 and March 31, 2023 respectively which was included in contract liabilities balance at the beginning of the period is $341,585 and $77,226 respectively.