RentoMojo's First Post-Listing Quarter: Revenue Up 53% to Rs 142 Crore

RentoMojo grew revenue from operations 52.69% year-on-year to Rs 142 crore in Q2 FY27, its first quarterly report since listing on the stock exchanges, according to consolidated financial statements filed with the National Stock Exchange (NSE).

Profit before tax rose even faster. It climbed 54.19% to Rs 24.3 crore in the quarter, up from Rs 15.8 crore in the year-ago period. Net profit came in at Rs 18.1 crore.

That's a clean first impression for a company that only made its market debut in September.

Where the revenue came from

RentoMojo runs a rental platform for furniture and home appliances. Consumers access products through monthly subscriptions, and the platform primarily serves urban households across major Indian cities.

The numbers break down like this:

• Revenue from operations: Rs 142 crore in Q2 FY27, up from Rs 93 crore in Q2 FY26
• Other income: Rs 1.6 crore
• Total income: Rs 144 crore

The subscription model is scaling. Costs, though, scaled almost in lockstep.

What happened to costs?

Total expenditure increased 53.85% to Rs 120 crore in Q2 FY27, from Rs 78 crore in Q2 FY26 — slightly outpacing revenue growth. Employee benefit expenses stood at Rs 19.5 crore during the quarter. Finance costs, depreciation and other overheads made up the rest of the cost base.

So the company spent Rs 120 crore to earn Rs 144 crore of total income. The 54% jump in profit before tax shows the operating engine stayed efficient even as the business expanded.

How did the first half of FY27 look?

The half-year picture tracks the quarterly one. Revenue from operations grew 51.70% to Rs 268 crore in H1 FY27, from Rs 177 crore in H1 FY26. Profit before tax for the first half stood at Rs 28.5 crore.

Note the trend: PBT of Rs 28.5 crore for the full half, with Rs 24.3 crore of that landing in Q2 alone. The second quarter delivered roughly 85% of first-half pretax profit.

In plain terms: growth isn't slowing as the company gets bigger — it's accelerating.

What does the market make of it?

RentoMojo listed in September at a 19% premium over its IPO price. The listing followed heavy investor demand: its Rs 1,256 crore IPO was subscribed 72.87 times.

The stock has kept running since. Shares traded around Rs 615 each as of 14:42 on the day of the results, giving the company a market capitalisation of approximately Rs 6,459 crore. That sits roughly 52% above the IPO issue price of Rs 404 per share.

So what?

A 53% revenue print and a 54% PBT jump, delivered in the first quarter a newly listed company must face public scrutiny, validate the pricing power of the subscription rental model — and set a high bar for Q3.