CONNECT WITH US
eCommerce

eCommerce

RentoMojo Q1: Profit Tanks 39% YoY To ₹7.8 Cr, Revenue Zooms 51%

Inc42 - Ecommerce logo

Published on

Add as a preferred source on Google
RentoMojo Q1: Profit Tanks 39% YoY To ₹7.8 Cr, Revenue Zooms 51%

In its first financial disclosure after becoming a listed entity, furniture and appliance rental startup RentoMojo’s net profit tanked 38.7% to ₹7.8 Cr in the first quarter (Q1) of the fiscal year 2026-27 (FY27) compared to ₹12.8 Cr in the year-ago quarter. 

On a sequential basis, the company’s profit more than halved, 53% to be precise, from ₹16.8 Cr.

The dip in bottom line came despite operating revenue zooming 51.1% to ₹126.3 Cr in the quarter under review as against ₹83.6 Cr in Q1 FY26. Sequentially, the company’s revenue from operations rose 15.2% from ₹109.5 Cr in Q4 FY26. The company attributed the jump in top line to the growth in live items and items ordered on the platform during the quarter.

Including other income of ₹77 Lakh, RentoMojo’s total income for the quarter under review stood at  ₹127.1 Cr.

In an investor presentation alongside the financial disclosures, the recently-listed startup noted that its EBITDA improved 17.5% YoY to ₹40.9 Cr in Q1 FY27, while EBITDA margin contracted to 32.2% from 41% in Q1 FY26.



Source link
Related Topics:eCommerce

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.