Rentomojo’nun Q1 FY27 gelirinde yüzde 51 artışa rağmen net kar küçüldü

Kısaca

Gelir 126 crore’da büyüme kaydedildi; normalised PAT YoY 71,8% artış gösterdi Net kâr 8 crore; önceki yılın aynı çeyreğinde 13 crore olarak gerçekleşti EBITDA 51 crore; marginler yaklaşık sabit kaldı (40,5%) ve operasyonel nakit akışı olumlu devam etti

Ana mesele

Q1 FY27’de gelirde güçlü yükselişe rağmen net kâr düştü

Ne değişti?

Görülen rakamlar normalleşmiş PAT’nin YoY yüzde 71,8 artışına işaret ediyor

Beni nasıl etkiler?

Hisse senedi tepkisi olumlu olsa da kâr kırılmasının belirsizlik yarattığı not edilmeli

Ne oldu?

Rentomojo, FY27’nin ilk çeyreğinde gelirini yüzde 51,1 artırırken 126 crore olarak bildirdi ve normalised PAT yüzde 71,8 artış kaydetti.

Neden şimdi?

IPO sonrası net değeri güçlenen bilanço ve iç nakit üretimi, büyümeyi destekliyor.

Neden önemli?

Büyüme göstergeleri iyiye işaret ederken kârlılık zayıflama riski oluşturuyor; yatırımcı güvenini etkileyebilir.

Kimler etkileniyor?

• Yatırımcılar
• Paydaşlar
• Piyasa analistleri

Sektör ve piyasa etkisi

Tüketim malları sektöründe büyümeye yol açabilir; yatırımcıların risk algısı dalgalanabilir.

Riskler

• Kârlılık baskılarının sürmesi
• Gider optimizasyonunun yetersiz kalması

Takip edilmesi gerekenler

• Giderlerin yönetimi
• Normalised PAT eğilimleri
• EBITDA marjlarının korunduğu kanıtlar

Haberin tamamı

Shares of furniture lender Rentomojo rallied as much as 6% to their day’s high of Rs 542 on the BSE on Tuesday after the company reported a sharp 50% rise in revenue to Rs 126 crore in the first quarter of FY27. This is the company’s first earnings declaration since listing last month.The company’s net profit, however, dipped nearly 39% to Rs 8 crore from Rs 13 crore posted in the corresponding quarter of the previous financial year.

“Excluding the one time impacts of fire loss, other income, and the impact of DTA, which was not in Q1FY26, normalised PAT grew at a healthy 71.8% YoY and 11.2% QoQ,” the management said in a regulatory filing.The investor presentation showed that margins for the quarter under review came in at 40.5%, largely unchanged from the year-ago period.

EBITDA rose to Rs 51 crore from Rs 34 crore.Rentomojo Q1 management commentaryThe company said the company started FY27 on a strong note, with items ordered by subscribers rising 45.8% year-on-year and revenue from operations growing 51.1%, while normalised EBITDA margin remained around 41%.

Management said the growth was supported by strong repeat behaviour, high organic demand and healthy internal cash generation.The company said the IPO has strengthened its net worth and increased its ability to fund future growth, providing greater balance sheet flexibility as it scales. Earnings have also translated strongly into cash flows, with EBITDA-to-CFO conversion at 1.05x in FY26.

Rentomojo generated Rs 1,729 million in cash flow from operations during the year, which fully funded its growth capex, while revenue grew by more than 40%.Management said its long-term ambition is to build Rentomojo into a scaled, technology-led platform for flexible living, while maintaining a disciplined approach to profitability and capital efficiency.Rentomojo shares made a modest Dalal Street debut on Thursday, listing at 19% premium over IPO price.

The stock opened at Rs 482.45 on the NSE and Rs 480 on the BSE, as compared to its issue price of Rs 404.The IPO was subscribed 73 times overall. The retail portion was subscribed 15.62 times, while the non-institutional investor (NII) category saw 67.93 times subscription.

Qualified institutional buyers (QIBs) led the demand, subscribing 177.29 times their allotted portion.Rentomojo is an India-based D2C rental and subscription platform offering flexible access to furniture and appliances without upfront ownership costs.Disclaimer: The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution.

They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here

Kaynaklar

• Economic Times - Markets