Rento MojoNov 11, 20263 mins read

RentoMojo Q2 FY27 revenue rises 53% in first results after listing

RentoMojo reported its first quarterly results since listing, with Q2 FY27 revenue from operations up 52.69% year-on-year and profit before tax up 54.19%.

Entrackr

RentoMojo reports first quarterly results post listing, Q2 FY27 revenue grows 53%

First post-listing quarter shows strong top-line growth

RentoMojo reported revenue from operations of Rs 142 crore in Q2 FY27, up 52.69% from Rs 93 crore in the same quarter last fiscal year. The furniture and appliance rental platform also recorded Rs 1.6 crore in other income, taking total income to Rs 144 crore for the quarter. The results are the company’s first quarterly update since listing on the stock exchanges.

Costs rose at a similar pace

RentoMojo Q2 FY27 financials — Image credits:Entrackr

Total expenditure increased 53.85% to Rs 120 crore in Q2 FY27 from Rs 78 crore in Q2 FY26. Employee benefit expenses stood at Rs 19.5 crore, while finance costs, depreciation and other overheads also contributed to the cost base. For readers tracking operating leverage, the key point is that expense growth closely matched revenue growth during the quarter.

Profit before tax and net profit stayed positive

RentoMojo’s profit before tax rose 54.19% to Rs 24.3 crore in Q2 FY27 from Rs 15.8 crore a year earlier. Net profit stood at Rs 18.1 crore during the quarter. On a half-yearly basis, revenue from operations grew 51.70% to Rs 268 crore in H1 FY27, while PBT stood at Rs 28.5 crore.

Market context after the IPO

RentoMojo made its stock market debut in September at a 19% premium over its IPO price. Its Rs 1,256 crore IPO was subscribed 72.87 times, according to the article. The company’s shares were trading at around Rs 615 per share as of 14:42, giving it a market capitalisation of approximately Rs 6,459 crore and placing the stock around 52% above its Rs 404 IPO issue price.