Rentomojo, a furniture and electronics rental platform, has reported a 60% rise in operating revenue in FY24 to Rs 193 crore.
Rentomojo's controlled rise in expenses during the year saw net profit surge more than threefold to Rs 22 crore from Rs 6 crore in FY23, with an EBITDA of Rs 65 crore.
Rentomojo has leveraged automation and disciplined cost management to enable sustainable growth and increased profitability.
The company's founder and CEO, Geetansh Bamania, said the company is targeting 40-50% growth in profit in FY25.