Consumer service brand Urban Company’s net loss has widened 208% YoY to ₹182.5 Cr in the Q2 FY27 from ₹59.3 Cr loss incurred in the previous year quarter.
Sequentially, the company’s loss almost doubled from ₹92.1 Cr.
The company’s loss widened despite its quarterly operating revenue jumping 41% to ₹537.29 Cr from ₹380.03 in Q2 FY26. On a quarterly basis, the operating revenue remained largely flat compared with ₹528.3 Cr.
Including other income of ₹41.2 Cr, Urban Company recorded a total income of ₹578.5 Cr in the quarter.
Its total expenses also increased 61.5% to ₹745.7 Cr in the given period from ₹461.7 Cr in Q2 FY26. The surge in expense was primarily at the behest of increased investment in quick household help vertical, InstaHelp.
The company said its adjusted EBITDA loss for the quarter stood at ₹144 Cr, due to a “deliberate” ₹174 Cr investment in InstaHelp. “Adjusted EBITDA was ₹30 Cr, up 213% YoY, and ₹119 Cr over the past three quarters, up 175% YoY,” the company said.
The company also incurred a loss of ₹8.1 Cr from a joint venture and incurred a tax expense of ₹7.2 Cr in the quarter.
Alongside approving the financial statements, Urban Company’s board also approved a fund raise of ₹2,500 Cr via a preferential allotment or a private placement of equity shares.
(The story will be updated soon)
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