XML 41 R34.htm IDEA: XBRL DOCUMENT
v3.24.3

Net Loss Per Share | 6 Months Ended
--- | ---
Sep. 30, 2024
Earnings Per Share [Abstract] |
Net Loss Per Share | 24. 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:
Particulars |  |  |  | For the three months ended September 30, 2024 |  |  |  | For the three months ended September 30, 2023 |  |  | For the six months ended September 30, 2024 |  |  | For the six months ended September 30, 2023 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net loss |  |  |  |  | (21,810,039 | ) |  |  |  | (31,081,800 | ) |  |  | (70,217,064 | ) |  |  | (35,121,044 | )
Less: dividend attributable to preferred stockholders for the current year |  |  |  |  | - |  |  |  |  | - |  |  |  | - |  |  |  | 40,297 |
Net loss attributable to Roadzen Inc. ordinary shareholders |  |  |  |  | (21,810,039 | ) |  | - |  |  | (31,081,800 | ) |  |  | (70,217,064 | ) |  |  | (35,161,341 | )
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average shares used in computing net loss per share attributable to Roadzen Inc. ordinary shareholders - basic and diluted |  |  | 68,440,829 |  |  |  |  | 22,272,967 |  |  |  | 68,440,829 |  |  |  | 19,387,476 |
Net loss per share attributable to Roadzen Inc. ordinary shareholders - basic and diluted |  |  | (0.32 | ) |  |  |  | (1.40 | ) |  |  | (1.03 | ) |  |  | (1.81 | )
The following table summarizes the number of potential Ordinary Shares equivalents that were excluded from the computation of diluted net loss per share attributable to ordinary shareholders for the periods presented:
Particulars |  |  |  |  |  |  |  | For the six months ended September 30, 2024 |  |  | For the six months ended September 30, 2023 |
Share warrants |  |  |  |  |  |  |  |  | 21,618,972 |  |  |  | 19,157,081 |
Restricted stock units |  |  |  |  |  |  |  |  | 9,714,986 |  |  |  | - |
Convertible instruments |  |  |  |  |  |  |  |  | 54,542 |  |  |  | - |
Total |  |  |  |  |  |  |  |  | 31,388,500 |  |  |  | 19,157,081 |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration