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)