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.

(This story will be updated soon)

The post RentoMojo Q1: Profit Tanks 39% YoY To ₹7.8 Cr, Revenue Zooms 51% appeared first on Inc42 Media.