Rentomojo revenue up 51.1% in June quarter; shares gain
Furniture and home appliances rental platform Rentomojo's consolidated revenue rose 51.1% year-on-year to 1.26 billion rupees ($13.1 million) in the June quarter. Shares rose 6.2% to 542.5 rupees. The company's net profit fell 38.6% due to a one-time charge from a warehouse fire. ($1 = 96.3675 Indian rupees)
1% year on year. 6% year on year, hurt by a one-time charge linked to a fire at the company's sub-leased warehouse in Noida. RENT is up about 12% since its trading debut on September 17. 3675 Indian rupees)