Bengaluru rental platform RentoMojo posts Q2 FY27 revenue of Rs 142 crore, up 53%

RentoMojo, the Bengaluru-based furniture and appliance rental platform, reported revenue from operations of Rs 142 crore in Q2 FY27, up 52.69% from Rs 93 crore in the corresponding quarter of FY26. These are its first quarterly results since listing on the stock exchanges.

The figures come from consolidated financial statements filed with the National Stock Exchange. Other income was Rs 1.6 crore, taking total income to Rs 144 crore.

Profit before tax rose 54.19% to Rs 24.3 crore from Rs 15.8 crore in the year-ago quarter. Net profit stood at Rs 18.1 crore for the quarter. Total expenditure increased 53.85% to Rs 120 crore from Rs 78 crore.

For the first half, revenue from operations grew 51.70% to Rs 268 crore in H1 FY27 from Rs 177 crore in H1 FY26. Profit before tax for H1 FY27 was Rs 28.5 crore.

RentoMojo operates a rental platform for furniture and home appliances, allowing consumers to access products through monthly subscriptions. Its platform primarily caters to urban households across major Indian cities.

RentoMojo made its stock market debut in September at a 19% premium over its IPO price. The listing followed strong investor demand for its Rs 1,256 crore IPO, which was subscribed 72.87 times. Its shares were trading at around Rs 615 per share on the day of the results, giving the company a market capitalisation of approximately Rs 6,459 crore. This is around 52% above its IPO issue price of Rs 404 per share.