Rentomojo Limited announced a 52.8% year-on-year growth in Revenue from Operations, reaching ₹1,421 million for the second quarter of FY27. Normalised EBITDA rose 52.7% to ₹588 million, with Normalised PAT growing 52.2% to ₹240 million. The company also saw a 45.0% year-on-year increase in Gross Items Ordered by Customers.
Rentomojo Delivers Strong Q2 FY27 Performance
Rentomojo Limited, a prominent rental and subscription platform, has reported robust financial results for the quarter and half-year ended September 30, 2026. The company’s Revenue from Operations for the second quarter of FY27 (Q2 FY27) surged by 52.8% year-on-year to ₹1,421 million. This growth was primarily driven by an increase in Gross Items Ordered by Customers, Live Items, and Live Subscribers.
Profitability and Key Financial Metrics
Underlying profitability kept pace with revenue growth. Normalised EBITDA for Q2 FY27 increased by 52.7% year-on-year to ₹588 million. Similarly, Normalised Profit After Tax (PAT) saw a substantial rise of 52.2% year-on-year, reaching ₹240 million. The company also highlighted a 45.0% YoY increase in Gross Items Ordered by Customers, totaling 381,347 units.
First Half FY27 Performance
For the first half of FY27 (H1 FY27), Rentomojo’s Revenue from Operations grew by 52.0% year-on-year to ₹2,684 million. Normalised EBITDA for the period increased by 51.5% to ₹1,111 million. Profit before exceptional items and tax saw a significant jump of 61.0% year-on-year to ₹459 million.
Q2 FY27 Highlights Summary
- Revenue from Operations: ₹1,421 million, up 52.8% YoY and 12.5% QoQ
- Normalised EBITDA: ₹588 million, up 52.7% YoY and 12.6% QoQ
- Normalised EBIT: ₹330 million, up 50.7% YoY and 12.6% QoQ
- Normalised PAT: ₹240 million, up 52.2% YoY and 9.4% QoQ
- Gross Items Ordered by Customers: 381,347, up 45.0% YoY and 15.9% QoQ
- Estimated purchase value displaced: ₹4,469 million, up 60.5% YoY
- Experience Stores: 96 stores across 14 cities as of September 30, 2026
Strengthened Balance Sheet Post-IPO
Rentomojo successfully completed its Initial Public Offering (IPO) during the quarter and listed on the NSE and BSE on September 17, 2026. The IPO comprised a fresh issue of approximately ₹1,500 million and an Offer for Sale. As of September 30, 2026, the company had utilized ₹900.0 million (63.7%) of the net proceeds allocated for stated objects. The net worth increased to ₹4,662 million, and net debt declined to ₹1,306 million.
Expanding Omnichannel Network
The company continues to expand its physical presence, operating 96 Experience Stores across 14 cities as of September 30, 2026, a significant increase from 67 stores in the same period last year. This omnichannel approach combines digital customer acquisition with physical retail experiences to enhance customer engagement and product discovery.
Asset Lifecycle Economics
Rentomojo’s business model emphasizes asset refurbishment and redeployment. The FY2017 asset cohort had generated cumulative revenue equivalent to 5.32 times its original cohort value, with 54.0% of the cohort still generating revenue. The FY2018 cohort generated approximately 4.71 times its original value, with 59.2% of items active.
Management Commentary
Geetansh Bamania, Founder, Chairperson, Managing Director and Chief Executive Officer, Rentomojo Limited, commented, “Our Q2 FY27 results reflect the strength of our underlying business. Gross Items Ordered by Customers grew 45.0% year-on-year, revenue grew 52.8% to ₹1,421 million, normalised EBITDA grew 52.7% to ₹588 million, and profit before exceptional items and tax grew 52.2% to ₹240 million.” He also highlighted the strong conversion of earnings into cash, with H1 FY27 operating cash flow at ₹1,099.7 million.
Source: BSE
