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Rentomojo FY24 profit up over 3X on the back of strong demand

  • Rentomojo's profit after tax more than trebled to Rs 22 crore in FY24 from Rs 6 crore in the previous year.
  • The company's total net revenue rose by 60% to Rs 193 crore, driven by strong customer demand and effective occupancy levels.
  • Rentomojo's EBITDA more than doubled to Rs 66 crore, indicating strong operational efficiencies while scaling an occupancy led business.
  • The company expects growth in flexible rental solutions over ownership driven by high economic growth and urbanization.

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