RentoMojo reported a 38.7% decline in net profit to ₹7.8 crore in the first quarter of fiscal year 2026-27, down from ₹12.8 crore in the same period last year, according to inc42.com. This marks the startup's first financial disclosure since becoming a listed entity. Meanwhile, operating revenue surged 51.1% to ₹126.3 crore, up from ₹83.6 crore in Q1 FY26.
The company’s sequential profit also fell sharply by 53% from ₹16.8 crore in Q4 FY26. Despite the profit drop, revenue from operations increased 15.2% sequentially from ₹109.5 crore. RentoMojo attributed the revenue growth to an increase in live items and orders on its platform during the quarter. Including other income of ₹77 lakh, total income stood at ₹127.1 crore for the quarter.
RentoMojo’s earnings before interest, taxes, depreciation, and amortization (EBITDA) improved 17.5% year-on-year to ₹40.9 crore, but the EBITDA margin contracted to 32.2% from 41% in Q1 FY26. The financial results highlight the challenges faced by the furniture and appliance rental startup in balancing growth and profitability after its recent public listing.
The company’s investor presentation alongside the financial disclosure detailed these figures, marking a critical update for stakeholders following its listing. The next quarterly results will provide further insight into whether RentoMojo can sustain revenue growth while improving profitability, according to inc42.com.