Business
Urban Company Q2 loss widens to Rs 182.48 crore
The Hindu BusinessLine··18h ago
Urban Company Ltd posted a consolidated net loss of Rs 182.48 crore in Q2 FY27 versus Rs 59.33 crore a year earlier. Revenue from operations grew 41.4 percent to Rs 537.29 crore. The board approved raising up to Rs 2,500 crore through a qualified institutional placement. InstaHelp segment loss widened to Rs 173.12 crore from Rs 42.91 crore.
Prism
What It Means For You
- Shareholders must approve the proposed Rs 2,500 crore QIP before new equity can be issued.
- Customers using InstaHelp may see promotional pricing as the unit scales.
- Investors track adjusted EBITDA break-even targeted for Q3 FY28.
What's Happening
- Urban Company reported Q2 FY27 results on Friday.
- Orders delivered reached 15.1 million, up 103 percent year on year.
- Core India consumer services revenue rose 28.4 percent excluding InstaHelp.
Urban Company's InstaHelp bet
- The company listed after building home services marketplace scale.
- InstaHelp offers daily cleaning and housekeeping subscriptions.
- Management said it closed the quarter with Rs 1,901 crore in cash.
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