First results after listing: Revenue from Operations up 51.1% YoY to ₹1,263.3 million in Q1 FY27

Rentomojo's first results as a listed company: Revenue from Operations up 51.1% YoY to ₹1,263.3 million.

Tue 6 Oct 2026

Revenue from Operations

₹1,263.3 million, up 51.1% YoY

Normalised PAT

₹219.3 million, up 71.8% YoY

Reported PAT

₹78.4 million

First quarterly results as a listed company

Rentomojo has published its unaudited consolidated results for the quarter ended 30 June 2026 (Q1 FY27). This is the company's first earnings announcement after its listing on 17 September 2026.

Headline numbers

• Revenue from Operations: ₹1,263.3 million, up 51.1% year-on-year and 15.3% quarter-on-quarter
• Total Income: ₹1,271.0 million, up 49.8% YoY and 12.1% QoQ
• Normalised EBITDA: ₹522.7 million, up 50.2% YoY and 13.9% QoQ
• Normalised EBIT: ₹292.7 million, up 50.8% YoY and 12.7% QoQ
• Normalised PAT: ₹219.3 million, up 71.8% YoY and 11.2% QoQ

Normalised vs reported

The release gives two sets of profit numbers. The normalised figures set aside a one-time exceptional loss of ₹113.7 million from a fire incident and, for Normalised PAT, a deferred tax expense of ₹27.3 million. The company says there was no loss of life or injury in the fire, that it maintains insurance coverage, and that any recovery will be subject to the applicable policy terms and claims process. On a reported basis, EBITDA was ₹409.1 million (up 17.5% YoY, down 16.2% QoQ), EBIT was ₹179.1 million (down 7.8% YoY, down 38.1% QoQ) and PAT was ₹78.4 million (down 38.6% YoY, down 53.3% QoQ).

Operating and network metrics

• Gross Items Ordered by Subscribers: 329,159, up 45.8% YoY and 27.6% QoQ
• Live Items up 41.0% YoY and 8.4% QoQ; Live Subscribers up 36.3% YoY and 11.5% QoQ
• Items per User up about 5.9% YoY; Average Revenue per Item up 6.8% YoY and 6.9% QoQ
• Experience Stores: 89 as of 30 June 2026, an addition of 34 stores YoY and 7 stores QoQ; the network spans 14 cities, against 55 stores in the same period last year
• Water purifier items ordered rose 199% YoY

Returns and borrowing cost

Normalised annualised ROE was 28.85%, up 198 bps YoY, and normalised annualised ROCE was 26.58%, up 21 bps YoY. The weighted average cost of debt was 9.58% for the quarter, while the latest debt was raised at about 8.95%. The company links the spread between operating returns and borrowing costs to its multi-cycle asset model, where products can be refurbished and redeployed across several subscription cycles.

What management said

Mr. Geetansh Bamania, Chairperson, Managing Director and Chief Executive Officer, described the quarter as starting FY27 with strong momentum and a normalised EBITDA margin of approximately 41%. He referred to FY26 EBITDA-to-CFO conversion of 1.05x and ₹1,729 million of cash flow from operations that fully funded growth capex, with revenue growth of over 40%. He said the IPO has strengthened net worth and balance sheet flexibility. The company lists three growth levers: omnichannel expansion, new cities and technology, and broader platform services.

How to read it

The release presents growth in revenue, normalised profitability and subscriber-linked operating metrics, along with an expanded store network. The reported profit figures are lower than the normalised ones because of the fire-related exceptional loss and the deferred tax expense, and the normalised measures are described as excluding those items.

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