Rentomojo faces financial review following fire at Noida facility
1 report, 1 independent
Updated Oct 6
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What happened
A fire occurred at a Rentomojo facility in Noida. The incident led to a review of the company's financial performance. The company stated that operations resumed within one week of the fire, with no loss of life or revenue.
From moneycontrol.com
Why it matters
The fire resulted in an exceptional loss of nearly Rs 11.5 crore for the company during the first quarter. Rentomojo reported Q1 revenue of approximately Rs 126 crore and is currently evaluating insurance claims to cover inventory losses.
From moneycontrol.com
Who's involved
- NoidaLocation of the affected facility