Now Reading: RentoMojo Q1 profit falls 39% to Rs 7.8 cr, revenue up 51%
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RentoMojo Q1 profit falls 39% to Rs 7.8 cr, revenue up 51%
Furniture and appliance rental startup RentoMojo reported a 38.7% drop in net profit to Rs 7.8 crore for Q1 FY27, compared to Rs 12.8 crore a year ago, according to its first financial disclosure since listing. Inc42 reports that operating revenue rose 51.1% to Rs 126.3 crore, driven by growth in live items and items ordered.
CNBC-TV18 reports that a fire incident at one of its warehouses caused an exceptional loss of Rs 11.3 crore during the quarter, impacting profit. Adjusted for this item, net profit rose 71.8% year-on-year to Rs 21.9 crore. EBITDA grew 54% to Rs 51.42 crore with margin expanding to 41%, while Inc42 notes EBITDA margin contracted to 32.2% from 41% on a different calculation.
Items ordered on the platform rose 45.8% to 3.29 lakh, and live items stood at 9.22 lakh versus 6.54 lakh a year earlier. Average revenue per item increased to Rs 1,662.6 from Rs 1,557.2. The company's shares ended the previous session at Rs 512.6, up 26.9% from the issue price of Rs 404 in September 2026.
Indian Opinion Analysis
Inc42 leads with the headline 'profit tanks 39%' and the sequential profit decline, while CNBC-TV18 leads with 'strong Q1 revenue and EBITDA growth' and attributes the profit drop to an exceptional fire loss. CNBC-TV18 adds that adjusted for the loss, net profit rose 71.8%, a figure Inc42 omits entirely. CNBC-TV18 also reports an EBITDA margin of 41%, while Inc42 reports 32.2%, the discrepancy stems from different EBITDA definitions (Inc42 uses a narrower operating EBITDA). The fire incident, the adjusted profit figure and the margin difference are the key areas where a reader gets a fuller picture by combining both reports.
Coverage: 2 sources, 2 neutral
Sources (2): inc42.com (neutral report), cnbctv18.com (neutral report)
This brief was synthesised by AI from the 2 sources linked above, so one read covers every framing they carry. Methodology and corrections.
