Rentomojo Share Price

Investor Call audio

• BSE India
• 4 days 14 hours ago

Earnings Call Transcript

• BSE India
• 4 days 14 hours ago

<h3><span style="font-size:16px;"><strong>Special Consumer Services company Rentomojo announced Q1FY27 results</strong></span></h3> <p _ngcontent-ng-c3060358716=""><strong _ngcontent-ng-c3060358716="">Consolidated Financial Highlights:</strong></p> <ul> <li _ngcontent-ng-c3060358716=""><strong _ngcontent-ng-c3060358716="">Revenue from Operations:</strong> Stood at Rs 1,263.27 million in Q1FY27, registering a robust YoY growth of 51.1% compared to Rs 835.98 million in Q1FY26. On a QoQ basis, it grew by 15.3% from Rs 1,095.36 million in Q4FY26. For the full year FY26, revenue from operations was Rs 3,869.88 million.</li> <li _ngcontent-ng-c3060358716=""><strong _ngcontent-ng-c3060358716="">Total Income:</strong> Reached Rs 1,270.99 million in Q1FY27, reflecting an increase of 49.8% YoY from Rs 848.60 million in Q1FY26, and an increase of 12.1% QoQ from Rs 1,133.32 million in Q4FY26. The total income for the entire FY26 stood at Rs 3,940.89 million.</li> <li _ngcontent-ng-c3060358716=""><strong _ngcontent-ng-c3060358716="">Reported Net Profit (PAT):</strong> Stood at Rs 78.35 million in Q1FY27, which is a YoY decline of 38.6% from Rs 127.67 million in Q1FY26. Sequentially, the reported net profit fell by 53.3% QoQ from Rs 167.86 million in Q4FY26, largely impacted by exceptional items. For FY26, the reported PAT was Rs 1,042.99 million.</li> <li _ngcontent-ng-c3060358716=""><strong _ngcontent-ng-c3060358716="">Total Comprehensive Income:</strong> Reported at Rs 77.32 million in Q1FY27, down 38.7% YoY compared to Rs 126.20 million in Q1FY26, and a decline of 54.7% QoQ from Rs 170.77 million in Q4FY26.</li> <li _ngcontent-ng-c3060358716=""><strong _ngcontent-ng-c3060358716="">Normalised EBITDA:</strong> Reached Rs 523 million in Q1FY27, expanding by 50.2% YoY from Rs 348 million in Q1FY26, and rising 13.9% QoQ from Rs 459 million in Q4FY26.</li> <li _ngcontent-ng-c3060358716=""><strong _ngcontent-ng-c3060358716="">Normalised PAT:</strong> Stood at Rs 219 million in Q1FY27, showcasing a strong YoY growth of 71.8% from Rs 128 million in Q1FY26, and an 11.2% QoQ increase from Rs 197 million in Q4FY26.</li> </ul> <p _ngcontent-ng-c3060358716=""><strong _ngcontent-ng-c3060358716="">Standalone Financial Highlights:</strong></p> <ul> <li _ngcontent-ng-c3060358716=""><strong _ngcontent-ng-c3060358716="">Revenue from Operations:</strong> Recorded at Rs 1,263.27 million in Q1FY27, up 51.1% YoY against Rs 835.98 million in Q1FY26, and reflecting a 15.3% QoQ growth from Rs 1,095.36 million in Q4FY26.</li> <li _ngcontent-ng-c3060358716=""><strong _ngcontent-ng-c3060358716="">Total Income:</strong> Stood at Rs 1,270.99 million in Q1FY27, marking a YoY increase of 49.8% from Rs 848.60 million in Q1FY26, and a 12.1% QoQ growth from Rs 1,133.32 million in Q4FY26.</li> <li _ngcontent-ng-c3060358716=""><strong _ngcontent-ng-c3060358716="">Reported Net Profit (PAT):</strong> Reached Rs 78.36 million in Q1FY27, showing a YoY drop of 38.6% from Rs 127.74 million in Q1FY26, and a 53.3% QoQ decline from Rs 167.90 million in Q4FY26.</li> <li _ngcontent-ng-c3060358716=""><strong _ngcontent-ng-c3060358716="">Total Comprehensive Income:</strong> Stood at Rs 77.33 million in Q1FY27, decreasing by 38.8% YoY from Rs 126.27 million in Q1FY26, and down 54.7% QoQ from Rs 170.81 million in Q4FY26.</li> </ul> <p _ngcontent-ng-c3060358716=""><strong _ngcontent-ng-c3060358716="">Business Highlights:</strong></p> <ul> <li _ngcontent-ng-c3060358716=""><strong _ngcontent-ng-c3060358716="">Segment Performance:</strong> The Group's primary reporting has been made on the basis of Business Segments. The Group has a single business segment, which is the business of providing furniture and appliances on rental and subscription basis in India.</li> <li _ngcontent-ng-c3060358716=""><strong _ngcontent-ng-c3060358716="">Operational Metrics Growth:</strong> <ul> <li _ngcontent-ng-c3060358716=""><strong _ngcontent-ng-c3060358716="">Gross Items Ordered:</strong> Reached 3,29,159 in Q1FY27, demonstrating a growth of 45.8% YoY and 27.6% QoQ.</li> <li _ngcontent-ng-c3060358716=""><strong _ngcontent-ng-c3060358716="">Purchase Displaced:</strong> Reached Rs 4,136.84 million in Q1FY27, growing 51.6% YoY and 34.2% QoQ.</li> <li _ngcontent-ng-c3060358716=""><strong _ngcontent-ng-c3060358716="">Live Subscribers:</strong> Increased to 283,058 in Q1FY27, up 36.3% YoY and 11.5% QoQ.</li> <li _ngcontent-ng-c3060358716=""><strong _ngcontent-ng-c3060358716="">Live Items:</strong> Grew to 922,631 in Q1FY27, up 41.0% YoY and 8.4% QoQ.</li> <li _ngcontent-ng-c3060358716=""><strong _ngcontent-ng-c3060358716="">Average Revenue per Item:</strong> Reached Rs 1,662.6 per item in Q1FY27, an increase of 6.8% YoY and 6.9% QoQ.</li> <li _ngcontent-ng-c3060358716=""><strong _ngcontent-ng-c3060358716="">Average Occupancy Rate:</strong> Stood at 85.7% in Q1FY27, expanding by 234 bps YoY.</li> </ul> </li> <li _ngcontent-ng-c3060358716=""><strong _ngcontent-ng-c3060358716="">Initial Public Offering (IPO):</strong> Subsequent to the quarter ended June 30, 2026, the Company completed its IPO of 31,080,011 equity shares of face value Rs 1 each at an offer price of Rs 404 per equity share. The issue comprised a fresh issue of 3,714,482 equity shares aggregating to Rs 1,500.00 million and an offer for sale of 27,365,529 equity shares aggregating to Rs 11,055.67 million. The shares were listed on NSE and BSE on September 17, 2026.</li> <li _ngcontent-ng-c3060358716=""><strong _ngcontent-ng-c3060358716="">Exceptional Item (Fire Incident):</strong> On June 10, 2026, an incident of fire was reported at the Company’s sub-leased warehouse situated at Noida. The management ascertained a total financial impact of Rs 113.66 million attributable to the derecognition of net carrying value of the property, plant and equipment, and other assets. This was fully provided for and presented as an "Exceptional Item" in the Statement of Profit and Loss for Q1FY27.</li> </ul> <p><strong>Geetansh Bamania, Chairperson, Managing Director & Chief Executive Officer, RentoMojo, said:</strong> “Our first quarterly results as a listed company mark an important milestone for RentoMojo and reflect the strength of our underlying business. We began FY27 with strong momentum, with items ordered by subscribers growing 45.8% YoY and Revenue from Operations increasing 51.1%, while maintaining a normalised EBITDA margin of approximately 41%.</p> <p>What gives us particular confidence is the quality of this growth — strong repeat behaviour, high organic demand and healthy internal cash generation. The IPO has further strengthened our net worth and enhanced our capacity to fund future growth, giving us greater balance sheet flexibility as we scale.</p> <p>Importantly, our earnings translate strongly into cash flows, with EBITDA-to-CFO conversion of 1.05x in FY26. We generated Rs 1,729 million of cash flow from operations during the year, which fully funded our growth capex, while delivering revenue growth of over 40%.</p> <p>Our ambition is to build Rentomojo into a scaled, technology-led platform for flexible living, while remaining disciplined on profitability and capital efficiency. The IPO is an important milestone in that journey, but it is only the beginning.”</p> <p><a class="lb" href="/get-document/post/pdf/5882861/" target="_blank">Result PDF</a></p>

• Trendlyne
• 1 week ago