- Urban Company reported a net loss of Rs 59.3 crore in Q2 FY26, widening year-on-year
- Revenue grew 37.1% to Rs 380 crore from Rs 277 crore in the same quarter last fiscal
- Adjusted EBITDA loss increased to Rs 68.4 crore from Rs 16.3 crore in Q2 FY25
Urban Company Ltd. released its results for the second quarter of FY26 on Saturday with net loss for the quarter under review widening year-on-year, according to an exchange filing on Saturday.
Net loss for Q2 stood at 59.3 crore compared to a loss of 1.8 crore in the year ago period.
However, the company revenue went up 37.1% to Rs 380 crore from Rs 277 crore in the corresponding quarter of last fiscal.
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Earnings before interest tax depreciation and amortisation loss also increased from Rs 16.3 crore in Q2 FY25 to Rs 68.4 crore in the quarter under review.
The core India services business remained profitable at an adjusted Ebitda level, while international markets (UAE and Singapore) achieved adjusted Ebitda breakeven, as per a press release by the company
The company also informed that it has continued to invest in two long-term growth initiatives — Insta Help and Native.
It attributed the adjusted Ebitda loss for the quarter to a loss of Rs 44 crore in Insta Help, its new vertical focused on daily cleaning and housekeeping services.
Launched earlier this year as a high-frequency vertical offering daily housekeeping services, Insta Help's strategic role was to become a large, high-frequency business, strengthening Urban Company's core platform.
The vertical's customer retention and repeat rates are strong, though steady-state behavior will take time to mature, the company said.
Urban Company Results Highlights (Cons, YoY)
Revenue up 37.1% at Rs 380 crore versus Rs 277 crore
Ebitda loss of Rs 68.4 crore versus ebitda loss of Rs 16.3 crore
Net Loss Of Rs 59.3 crore versus loss Of Rs 1.8 crore
Share Price
Urban Company's shares closed 2% higher on the NSE, compared to a 0.60% decline in the nifty index on Friday.
The company listed less than 12 months ago on the exchanges and the stock has risen 53.16% year-to-date.
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