RentoMojo Q1 Profit Drops 39% To ₹7.8 Cr Despite Revenue Growth

6 Oct 2026, 12:43 am · 2h ago · 1 min read · Inc42New

In its first quarterly earnings report since listing publicly, furniture and appliance rental startup RentoMojo reported a 38.7% year-on-year drop in net profit to ₹7.8 crore for Q1 FY27. Sequentially, net profit declined 53% from ₹16.8 crore. However, operating revenue grew 51.1% year-on-year to ₹126.3 crore, driven by a surge in live items and orders placed on the platform. The company's EBITDA increased 17.5% to ₹40.9 crore, though EBITDA margins contracted to 32.2% from 41% a year earlier. Total income for the quarter reached ₹127.1 crore.