Rentomojo (RENTOMOJO) Q2 26/27 earnings summary

Executive summary

• Q2 FY27 revenue from operations was ₹1,421.13 million, up 52.8% YoY; normalized EBITDA was ₹588 million and normalized PAT ₹240 million, each up ~52% YoY.

• Subscriber and live-item growth, higher occupancy and operating cash generation supported expansion; management prioritized profitable growth and returns on capital above 20%.

• Purchase Displaced reached ~₹450 crore in Q2, up ~60% YoY; contractual revenue was ~₹690 crore at quarter-end.

Financial highlights

• Q2 total income was ₹1,438 million, up 53.1% YoY and 13.1% QoQ; revenue from operations rose 52.8% YoY and 12.5% QoQ.

• Q2 reported EBITDA was ₹592 million, up 53.7% YoY; reported PAT was ₹181.88 million, down 62.6% YoY, while normalized PAT rose 52.2% YoY to ₹240 million.

• H1 FY27 revenue increased 52.0% YoY to ₹2,684.40 million; normalized EBITDA rose 51.5% to ₹1,111 million and normalized PAT grew 61.0% to ₹459 million.

• H1 operating cash flow was ₹1,099.70 million, up 36.7% YoY and 109.8% of EBITDA; H1 reported EBITDA rose ~36%, with margin affected by the Q1 fire loss.

Outlook and guidance

• Priorities include subscriber growth, asset utilization and technology, while maintaining profitability, cash generation and returns on capital above 20%.

• Management did not commit to a specific forward growth rate or include item-per-user improvements in targets; revenue per item is expected to normalize over a full year, with AC and other high-CapEx items causing H2 variation.

• Historically, H2 margins have been slightly higher as H1 deployment costs are greater and previously deployed assets continue generating rental revenue.

• Growth plans prioritize returns on capital above 20%; management described EBITDA margins of ~40%-41% as providing reinvestment capacity.