Rentomojo (RENTOMOJO) Q4 23/24 earnings summary

Executive summary

• FY24 audited statements received an unmodified opinion; internal financial controls were also judged adequate and effective at March 31, 2024.

• Online rental and leasing of furniture, appliances and other essentials operated as one reportable segment, covering renting and sale of movable assets in India.

Financial highlights

• Revenue from operations was Rs 19,313.93 lakh, versus Rs 12,103.59 lakh in FY23; total income was Rs 19,582.01 lakh, versus Rs 12,327.98 lakh.

• Profit before tax and profit for the year were both Rs 2,205.22 lakh, versus Rs 619.77 lakh in FY23.

• Total expenses rose to Rs 17,376.79 lakh from Rs 11,708.21 lakh; finance costs were Rs 2,298.59 lakh and depreciation and amortization Rs 2,060.04 lakh.

• Basic and diluted EPS were Rs 9,331.90 and Rs 3,106.25, respectively, versus Rs 2,736.77 and Rs 1,048.54 in FY23; diluted EPS reflects revised CCPS conversion ratios.

Segment performance

• Services generated net revenue of Rs 19,313.93 lakh after discounts; product-sale revenue was Rs 377.84 lakh and related product costs were Rs 217.78 lakh.

• Product sales comprised assets sold to Power Owners for rental to end customers; no separate segment reporting was required for the single operating segment.