The Rentomojo share price rose as much as 6.3 per cent on the morning of 6 October 2026, after the furniture and appliance rental company reported its first quarterly results as a listed firm. Net profit for the June quarter fell 38.7 per cent to ₹7.8 crore. Revenue from operations rose 51.1 per cent to ₹126.3 crore in the same quarter.
The stock opened 2 per cent higher at ₹521.40 on the NSE and touched ₹543.20 in early trade. By 9:45 AM it was at ₹526.70, up 3.08 per cent, with more than 20 lakh shares traded in the first half hour. It had closed the previous day at ₹510.80 on the BSE. The IPO price in September was ₹404.
Why did profit fall when revenue grew 51 per cent?
One fire. A sub-leased warehouse in Noida caught fire on 10 June 2026. The company has put the financial impact at ₹11.37 crore, covering the written-down value of the plant and equipment stored there plus consumables and other assets. It has filed an insurance claim. The police complaint and the insurance surveyor's report were still pending when the results were filed, and the company says it has received a legal notice from the sub-lessor but sees no liability under the sub-lease.
That ₹11.4 crore sits inside the quarter's costs. Reported EBITDA still grew 17.5 per cent to ₹40.9 crore, but the EBITDA margin fell to 32.2 per cent from 41 per cent a year earlier. Strip out the fire, the other income and a deferred tax item, and the company says profit grew 71.8 per cent on a normalised basis. That normalised figure is the company's own calculation, not a line in the audited result.
Total expenses were ₹105.2 crore, up 45.9 per cent from ₹72.1 crore. Total income, including ₹77 lakh of other income, was ₹127.1 crore. Sequentially, profit more than halved from ₹16.8 crore in the March quarter, while revenue rose 15.2 per cent from ₹109.5 crore.
The June quarter in numbers
| Item | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | ₹126.3 crore | ₹83.6 crore | +51.1% |
| Total expenses | ₹105.2 crore | ₹72.1 crore | +45.9% |
| Net profit | ₹7.8 crore | ₹12.8 crore | -38.7% |
| EBITDA | ₹40.9 crore | Not stated | +17.5% |
| EBITDA margin | 32.2% | 41% | Down |
| Occupancy rate | 86.8% | 84.8% | Up |
What the operating numbers say
Rentomojo ran 23 warehouses and 89 offline stores at the end of June 2026. In its prospectus it had reported 20 warehouses and 82 experience stores as on 31 March 2026. Live products out on rent were 9.2 lakh, up 41 per cent from a year earlier, and active users 2.8 lakh, up 36.3 per cent. Average revenue per product was ₹1,662.6, up 6.8 per cent.
The number that decides this business is occupancy: the share of the items the company owns that are actually with a customer and earning. That was 86.8 per cent in the June quarter, against 84.8 per cent a year earlier and 83.34 per cent for the whole of FY2026 on our Rentomojo IPO page. The company buys the furniture and appliances upfront and gets the money back slowly over several rental cycles, so every idle item is cash already spent.
How the IPO has gone so far
The ₹1,255.57 crore issue closed on 11 September 2026 subscribed 72.88 times. That is the 30th most subscribed of the 99 mainboard IPOs that have closed in 2026, where the median is 24.96 times. Our subscription table for the issue shows institutional buyers at 177.29x, non-institutional bidders at 67.93x and retail at 15.59x.
The shares listed at ₹482.45 on the NSE on 17 September, 19.42 per cent above the ₹404 issue price. That open ranks 29th of the 98 mainboard listings this year, where the median gain is 7.04 per cent. The grey market premium on listing morning was ₹86, or 21.29 per cent, so the dealers were about two percentage points off. On the last 10 mainboard listings they have been off by 10.68 percentage points on average. GMP is an unofficial dealer quote, not an exchange price.
At ₹526.70 the stock is 30.4 per cent above the issue price, 19 days after listing. On the earnings per share of ₹9.92 that our data shows for FY2026, that price works out to roughly 53 times earnings. At the ₹404 issue price it was 40.73 times.
What happens next
The insurance claim on the Noida fire is the open item, and the company has not said how much of the ₹11.37 crore it expects back. Its board has also proposed Price Waterhouse Chartered Accountants LLP as statutory auditors for five years, which needs shareholder approval, and named company secretary Deepika Bhandiwad as compliance officer. The next scheduled number is the September-quarter result. Daily prices and the full subscription and GMP history sit on the IPO page linked above.
