Financial Performance Highlights FY 2025-26

Rentomojo Limited reported exceptional financial results for FY26 with revenue from operations growing 45.51% to ₹3,869.88 million and profit after tax surging 141.96% to ₹1,043.21 million. The company achieved PAT margins of 26.95% and EBITDA margins of 41.48%, demonstrating strong operational efficiency.

Operational Metrics and Business Growth

Operational performance showed robust growth with live subscribers increasing 30.67% to 253,825 and repeat rate improving to 50.41%. Total Contracted Revenue grew 81.23% to ₹7,069.02 million, while Unrecognised Contracted Revenue surged 105.59% to ₹2,925.73 million. The company expanded its presence to 29 cities with 82 experience stores and 20 warehouses supporting operations.

Capital Structure and Corporate Actions

The company underwent significant corporate restructuring, converting from private to public limited company and increasing authorized share capital from ₹7.5 million to ₹110 million. A stock split subdivided equity shares from ₹10 to ₹1 face value, followed by a bonus issue of 123 equity shares for every 1 equity share held. Multiple credit facilities were availed, and CCPS issuances were made to investors including Unity Small Finance Bank and InnoVen Capital.

IPO Completion and Market Response

Rentomojo successfully completed its IPO in September 2026 with exceptional investor response, achieving 72.88x overall subscription and QIB subscription of 177.29x. The stock listed at ₹482.45 per share on NSE, representing a 19.42% premium to the issue price. Post-year-end, authorized share capital was further increased from ₹110 million to ₹130 million.

Balance Sheet and Risk Position

As of 31 March 2026, total assets stood at ₹6,411.27 million with property, plant and equipment of ₹4,261.65 million. Current liabilities exceeded current assets by ₹911.51 million, though management expressed confidence in going concern based on cash flow projections. Total borrowings were ₹1,875.90 million, secured against all current and fixed assets.

Post-Balance Sheet Events and Challenges

Significant post-balance sheet events included a warehouse fire in June 2026 causing expected loss of PPE with WDV ₹110.20 million (~2% of net block), with insurance claims initiated. CCPS (Series A to D1) were converted to equity shares in July 2026, increasing issued share capital to 100,400,342 equity shares of ₹1 each.

ESOP Plan 2024 Implementation

The company seeks shareholder approval for its 2024 Employee Stock Option Plan covering 1,239 options exercisable into 12,20,177 equity shares. The plan offers options at up to 75% discount to fair market value with minimum 1-year and maximum 4-year vesting periods. Implementation is direct by the company without a trust, conforming to Ind AS 102 accounting and SEBI SBEB Regulations.

Regulatory and Compliance Matters

The company faces GST litigations involving approximately ₹24.49 million related to GSTR 3B vs GSTR 2A differences. Labour Code implementation resulted in exceptional expense of ₹25.79 million. The statutory auditors issued an unmodified opinion with emphasis on audit trail compliance matter.

Management and Governance

Geetansh Bamania was appointed as Chairperson, Managing Director and CEO, with three new independent directors joining the board. The company maintained strong corporate governance practices with 14 board meetings during the year and various committees constituted including Audit, Nomination and Remuneration, and Risk Management committees.