Shares of Urban Company dropped over 6% to INR 147.50 during the intraday trading session on the BSE after the company slipped into loss in Q2.
The consumer services major, which turned profitable ahead of its IPO, on Saturday (November 1) reported a rise in its net loss to INR 59.3 Cr in Q2 FY26 from INR 1.8 Cr in Q2 FY25. In Q1 FY26, it had reported a net profit of INR 6.9 Cr.
Operating revenue zoomed 37% YoY and 4% QoQ to INR 380 Cr in Q2 FY26.
At 11:10 IST, Urban Company shares had pared some of the gains and were trading 3.4% lower at INR 152.10 apiece on the BSE. The company’s market capitalisation stood at INR 21,883.15 Cr (about $2.4 Bn), with over 1 Cr shares trading hands by then.
Urban Company made its debut on the bourses on September 17, listing 56.3% above their issue price. On the NSE, the stock got listed at INR 162.25 per share
The company cited the investments in Insta Help, under which it provides housekeeping services in 15 minutes, as the reason behind its loss in Q2 FY26. The company’s adjusted EBITDA loss stood at INR 35 Cr during the quarter as against an adjusted EBITDA loss of INR 5 Cr in the year-ago quarter. Insta Help contributed an adjusted EBITDA loss of INR 44 Cr in the quarter.
“The business delivered strong growth across all segments this quarter. However, we moved from adjusted EBITDA profitability to a loss, driven by upfront investments in building the Insta Help category. We expect consolidated adjusted EBITDA losses to continue in the near term as we invest meaningfully in this category,” it said.
Founded in 2014, Urban Company initially operated as a full-stack online marketplace connecting service professionals with consumers. In 2023, the company also forayed into the consumer electronics segment by launching its ‘Native’ line of products such as water purifiers and smart doors.
Earlier this year, it also launched ‘Revamp’, which allows users to book one-day micro home makeovers. The service is currently available in Mumbai, Delhi NCR, Bengaluru, and Hyderabad.
The post Urban Company Shares Slip Over 6% After Q2 Results appeared first on Inc42 Media.
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