{
  "id": 12215316,
  "title": "RentoMojo Q1: Profit Tanks 39% YoY To ₹7.8 Cr, Revenue Zooms 51%",
  "url": "https://urgent.news/2026/10/05/rentomojo-q1-profit-tanks-39-yoy-to-7-8-cr-revenue-zooms-51",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-05T19:13:30.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/rentomojo-q1-profit-tanks-39-yoy-to-%e2%82%b97-8-cr-revenue-zooms-51/"
  },
  "original_language": "en",
  "account": "In its first quarter as a listed company, furniture and appliance rental startup RentoMojo experienced a significant decline in net profit, dropping 38.7% year-over-year to ₹7.8 Cr. Operating revenue, however, surged 51.1% to ₹126.3 Cr, compared to ₹83.6 Cr in the previous quarter. Despite this growth, RentoMojo's profit halved sequentially, falling 53% from ₹16.8 Cr. The company attributed the increase in revenue to a rise in live items and items ordered on its platform. Including other income of ₹77 Lakh, RentoMojo's total income for the quarter amounted to ₹127.1 Cr. EBITDA, or earnings before interest, taxes, depreciation, and amortization, improved by 17.5% year-over-year to ₹40.9 Cr, although the EBITDA margin contracted to 32.2% from 41% in the same period last year.",
  "summary": "In its first financial disclosure after becoming a listed entity, furniture and appliance rental startup RentoMojo’s net profit tanked 38.7%…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}