Rentomojo shares have surged 38% above their IPO issue price of ₹404, as investors assess the company’s strong revenue growth, improving profitability and rising demand for rental furniture and appliances. Rentomojo shares listed on the stock exchanges on 17 September 2026.
Ishan Tanna, Senior Associate at Ashika Capital, said the company’s Q1 FY27 results highlighted robust demand, improving monetisation and healthy utilisation of its rental inventory.
Revenue from operations increased 51% year-on-year to ₹126.3 crore in Q1 FY27. Tanna highlighted the company’s normalised EBITDA of ₹52.3 crore, translating into a margin of around 41%, while normalised earnings before interest and tax (EBIT) stood at ₹29.2 crore, with a margin of nearly 23%.
However, reported profitability was affected by an exceptional loss of ₹11.37 crore following a fire at the company’s Noida warehouse.
Inventory utilisation improved alongside this expansion. Average occupancy increased to 85.7% from 83.3% a year earlier, while period-end occupancy reached 86.8%. These trends highlight the company’s ability to grow its rental inventory while maintaining healthy utilisation levels, according to the brokerage assessment.