Rentomojo revenue jumps 52.8% to 1,421 million rupees in second quarter
Key Facts
Rentomojo reported results on November 11 for the second quarter of fiscal 2027, ended September 30, 2026, with revenue from operations rising to 1,421 million rupees. That represented year-on-year growth of 52.8% and a quarter-on-quarter increase of 12.5%, according to Investing.com. Adjusted EBITDA rose to 588 million rupees, up 52.7% year on year. Adjusted net profit also increased 52.2% to 240 million rupees. In the November 11 session, the stock jumped to a new 52-week high after the results were announced.
Revenue growth accelerated both year on year and quarter on quarter during the quarter, with the 12.5% quarterly increase exceeding the annual growth rate recorded in the comparable period, while adjusted net profit grew at a pace close to revenue. Operating revenue was 93 crore rupees in the second quarter of fiscal 2026, compared with about 142 crore in the current period, according to Moneycontrol. The comparison is consistent with year-on-year revenue growth of about 53%, the outlet reported. On the published rupee basis, revenue from operations was 1,421 million rupees in the current quarter, according to Investing.com. The open sources consulted for the coverage did not provide documented analyst estimates, so it cannot be said that the results exceeded them.
Adjusted measures showed similar growth in operating profit and net profit: adjusted EBITDA was 588 million rupees, up 52.7% year on year, while adjusted net profit was 240 million rupees, an increase of 52.2%. Investing.com said adjusted EBITDA was 588 million rupees and that “adjusted net profit rose 52.2% to 240 million rupees.” These figures offer a view of operating performance and profitability after the adjustments used by the company. Reported net profit, however, took a different path from the adjusted measure, according to Moneycontrol’s coverage of the results. This makes it necessary to distinguish between adjusted and reported profit when comparing performance year on year.
Moneycontrol attributed the decline in reported net profit mainly to higher tax expense and a one-time benefit in the year-earlier period. Tax expense in the second quarter of fiscal 2027 was about 6.2 crore rupees, compared with a deferred tax credit balance of 32.8 crore in the second quarter of fiscal 2026, according to Business Standard. Moneycontrol said the decline “was largely due to higher tax expense and a one-time benefit in the year-earlier period.” The difference in tax treatment between the periods helps explain some of the gap between adjusted profit growth and the movement in reported net profit. The tax comparison is with the year-earlier quarter, not a separate development in the current quarter.
On cash flow, net cash from operating activities reached 1,100 million rupees in the first half of fiscal 2027, equivalent to 110% of EBITDA, according to Investing.com. The outlet said “operating cash flow in the first half was 1,100 million rupees, equivalent to 110% of EBITDA.” This figure covers six months, while the revenue and profit figures cited above relate to the second quarter. The cash flow metric therefore provides a cash-based measure of first-half performance alongside the quarterly profitability results. The available information did not give a subsequent date or company outlook after the results announcement.
The results were reflected in trading on November 11, when the stock touched 650 rupees during the session, setting a new 52-week high, according to Business Standard. The stock closed that day at 610.80 rupees, up 3.27% from the previous close, according to Moneycontrol data. The 650-rupee price was the intraday high, while 610.80 rupees was the closing price; they are different figures for the same session. Moneycontrol said the stock jumped as much as 10% during trading after the results were announced, while the closing data showed a smaller gain. Investing.com’s results report was published on November 12, and the available information does not include a documented stock move for that day.