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Rentomojo Targets Strong Second-Half Profits After Robust Q1 Revenue
M
Moneycontrol•06-10-2026, 15:43
Rentomojo Targets Strong Second-Half Profits After Robust Q1 Revenue
- •Rentomojo expects strong profitability in the second half of the financial year after recording about Rs 126 crore in revenue during the first quarter.
- •The company faced an exceptional loss of nearly Rs 11.5 crore due to a fire at its Noida facility, though operations resumed within a week with adequate insurance coverage.
- •CEO Geetansh Bamania noted a seasonal growth pattern where the second half typically delivers stronger profits as monthly subscriber counts grow.
- •The platform maintains a high occupancy rate of 83 percent to 85 percent, driven largely by essential household items like refrigerators, washing machines, and beds.
- •Consumer preference is increasingly shifting from traditional purchasing toward rental models, with users averaging between 2.6 and 2.8 items.
Key Questions Answered
Rentomojo generated approximately Rs 126 crore in revenue during the first quarter and anticipates strong profitability in the second half of the financial year.
The fire resulted in an exceptional loss of nearly Rs 11.5 crore and a profit after tax compression of over 30 percent in the first quarter. However, operations resumed within a week with no loss of life or revenue.
The period from February to September drives good revenue due to summer appliance demand, lateral hiring, and college graduates entering the workforce. Essential household items like refrigerators, washing machines, beds, and sofas form the core of the business.
