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RENTOMOJO — Rentomojo News Story

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Consumer DefensivesHighly SpeculativeMid CapMomentum Trap

India's Rentomojo gains as June-quarter revenue rises

BUZZ-India's Rentomojo gains as June-quarter revenue rises

** Shares of Rentomojo RENT.NS rise 6.2% to 542.5 rupees

** Furniture and home appliances rental platform's June quarter consolidated revenue rises 51.1% Y/Y to 1.26 bln rupees ($13.1 mln)

** June quarter consolidated net profit falls 38.6% Y/Y, weighed by one-time charge due to fire at company's sub-leased warehouse in Noida

** RENT up ~12% since its trading debut on September 17


($1 = 96.3675 Indian rupees)


(Reporting by Vijay Malkar)

((VijayDattaram.Malkar@thomsonreuters.com;))

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