Rentomojo Q2 Profit Falls 62.6% as Revenue Rises 52.8%
Rentomojo's consolidated net profit fell to about Rs 18.2 crore in Q2 FY27 against a high base that included a one-time deferred tax credit.
Key Takeaways
- Rentomojo's consolidated net profit fell 62.6% year on year to about Rs 18.2 crore in Q2 FY27.
- Revenue from operations rose 52.8% year on year to Rs 142.11 crore.
- Q2 FY26 profit of about Rs 48.6 crore included a deferred tax credit of about Rs 32.84 crore.
- From Q1 FY27, revenue rose 12.5% and net profit more than doubled from about Rs 7.8 crore.
- The board approved the unaudited results on November 10, 2026.
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Rentomojo, the listed furniture and appliance rental company, reported a consolidated net profit of about Rs 18.2 crore for the July to September 2026 quarter (Q2 FY27), down 62.6% from about Rs 48.6 crore a year earlier. Its board approved the unaudited results on November 10, 2026. Revenue from operations rose 52.8% year on year to Rs 142.11 crore.
The fall in profit comes from the base quarter. In Q2 FY26, Rentomojo booked a deferred tax credit of about Rs 32.84 crore, which pushed up that quarter's profit. This quarter it had a tax expense of about Rs 6.2 crore. Compared with the previous quarter (Q1 FY27), when profit was about Rs 7.8 crore, net profit more than doubled, and revenue rose 12.5% from Rs 126.33 crore.
Rentomojo Q2 FY27 results at a glance
| Detail | Value |
|---|---|
| Quarter | July to September 2026 (Q2 FY27) |
| Basis | Consolidated, unaudited, with a limited review by the statutory auditors |
| Revenue from operations | Rs 142.11 crore, up 52.8% from Rs 93.01 crore a year earlier (year on year) |
| Revenue change from Q1 FY27 | Up 12.5% from Rs 126.33 crore (quarter on quarter) |
| Net profit | About Rs 18.2 crore, down 62.6% from about Rs 48.6 crore a year earlier (year on year) |
| Net profit in Q1 FY27 | About Rs 7.8 crore |
| Total expenses | About Rs 120 crore, up about 53% from about Rs 78 crore a year earlier |
| Profit before tax | About Rs 24.4 crore |
| Basic earnings per share | Rs 1.84 |
| Board approval | November 10, 2026 |
Why Rentomojo's profit fell while revenue grew
Rentomojo's total expenses rose about 53% to about Rs 120 crore in the quarter, while revenue rose 52.8%. Depreciation and amortisation came to about Rs 25.9 crore. Profit before tax was about Rs 24.4 crore.
The year-ago quarter included a deferred tax credit of about Rs 32.84 crore, so Q2 FY26 net profit of about Rs 48.6 crore was higher than its profit before tax. The company noted in its filing that its figures for the September 2025 quarter were compiled by management and were not audited or reviewed by the statutory auditors.
How Rentomojo got here, from its FY26 results to listing
Rentomojo rents out furniture and home appliances to customers on a monthly subscription basis in India, and its filing describes this as its single business segment. The company is led by Geetansh Bamania, its chairperson, managing director and chief executive officer. Its shares listed on the NSE and BSE on September 17, 2026, after an IPO priced at Rs 404 per share that included a fresh issue of Rs 150 crore.
| When | What happened |
|---|---|
| FY26 (year to March 2026) | Revenue from operations of about Rs 387 crore and net profit of about Rs 104 crore |
| June 2026 | A fire at a sub-leased warehouse in Noida led to an exceptional loss of about Rs 11.37 crore in Q1 FY27 |
| September 17, 2026 | Shares listed on the NSE and BSE; IPO price Rs 404 per share; NSE listing price Rs 482.45, about 19.4% above the issue price |
| October 5, 2026 | Q1 FY27 results: revenue Rs 126.33 crore, net profit about Rs 7.8 crore |
| November 10, 2026 | Q2 FY27 results: revenue Rs 142.11 crore, net profit about Rs 18.2 crore |
Where Rentomojo stands after Q2 FY27
Rentomojo's revenue has grown from Rs 93.01 crore in the September 2025 quarter to Rs 142.11 crore in the September 2026 quarter. Its net profit of about Rs 18.2 crore is 62.6% lower than a year earlier, when a one-time deferred tax credit of about Rs 32.84 crore lifted profit, and more than double the about Rs 7.8 crore it earned in the June 2026 quarter.
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