RentoMojo Reports Significant Revenue Growth in Q2 FY27
RentoMojo has revealed its quarterly results for the first time since going public, showing a remarkable revenue growth of 52.69% year-on-year in Q2 FY27. The company’s profit before tax (PBT) also experienced a notable increase of 54% during the same quarter.
Financial Highlights of RentoMojo in Q2 FY27
According to the consolidated financial statements submitted to the National Stock Exchange (NSE), RentoMojo’s revenue from operations surged to Rs 142 crore in Q2 FY27, up from Rs 93 crore in the same quarter of the previous fiscal year. The Bengaluru-based firm additionally noted Rs 1.6 crore in other income, resulting in total income of Rs 144 crore for Q2 FY27.
Cost Analysis for RentoMojo
On the expense side, RentoMojo’s total expenditure rose by 53.85% to Rs 120 crore in Q2 FY27, compared to Rs 78 crore in Q2 FY26. Employee benefit expenses accounted for Rs 19.5 crore during the quarter, while various other costs, including finance charges and depreciation, contributed to overall expenses.
Profitability Metrics of RentoMojo
Focusing on profitability, RentoMojo’s profit before tax showed a growth of 54.19%, reaching Rs 24.3 crore in Q2 FY27, compared to Rs 15.8 crore from the same period last year. Its net profit for the quarter came in at Rs 18.1 crore.
Half-Yearly Performance Review
For the first half of FY27, RentoMojo’s revenue from operations climbed by 51.70%, amounting to Rs 268 crore, compared to Rs 177 crore for H1 FY26. The profit before tax for this period was recorded at Rs 28.5 crore.
Market Response and Stock Performance
RentoMojo made a successful debut on the stock market in September, launching at a 19% premium over its IPO price. This listing was driven by robust investor demand, with its Rs 1,256 crore IPO being oversubscribed by 72.87 times. Currently, RentoMojo’s shares are trading at approximately Rs 615 per share (as of 14:42), marking a market capitalisation of around Rs 6,459 crore, which is about 52% above its IPO issue price of Rs 404 per share.