23 Net loss per share

 

Basic net loss per share attributable to ordinary shareholders is computed by dividing the net loss by the number of weighted-average outstanding ordinary shares. Diluted net loss per share attributable to ordinary shareholders is determined by giving effect to all potential common equivalents during the reporting period, unless including them yields an antidilutive result. The Company considers its preferred stocks, convertible notes and share warrants as potential common equivalents, but excluded them from the computation of diluted net loss per share attributable to ordinary shareholders in the periods presented, as their effect was antidilutive.

 

The following table sets forth the computation of basic net loss per share attributable to ordinary shareholders and preferred stock holders:

 

  

For the

Year ended

  

For the

Year ended

 
Particulars  March 31, 2025   March 31, 2024 
Numerator:          
Net loss   (72,870,432)   (99,669,335)
Net loss attributable to Roadzen Inc. ordinary shareholders   (72,870,432)   (99,669,335)
Denominator:          
Weighted-average shares used in computing net loss per share attributable to Roadzen Inc. ordinary shareholders - basic and diluted   69,867,792    44,032,410 
Net loss per share attributable to Roadzen Inc. ordinary shareholders - basic and diluted   (1.04)   (2.26)

 

The Company’s potential dilutive securities, which include restricted stock units, convertible instruments and share warrants have been excluded from the computation of diluted net loss per share as the effect would be anti- dilutive. Therefore, the weighted average number of ordinary shares outstanding used to calculate both basic and diluted net loss per share is the same.

 

The Company excluded the following potential common shares from the computation of diluted net loss per share as of March 31, 2025 and March 31, 2024:

 

 

  

For the

Year ended

  

For the

Year ended

 
Particulars  March 31, 2025   March 31, 2024 
Share warrants     21,618,972       20,363,067  
Restricted stock units     9,714,986       9,707,986  
Convertible instruments     54,542       24,645  
Total     31,388,500       30,095,698  

 

Historical Timeline

Fiscal YearFiled
2025Jun 26, 2025Showing above
2024Jul 1, 2024

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.