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After turning profitable in the run up to its IPO, consumer services major Urban Company plunged into loss in Q2 FY26. The company reported a multifold rise in its net loss to INR 59.3 Cr during the quarter from INR 1.8 Cr in Q2 FY25. In Q1 FY26, the company 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. Including other income of INR 32.6 Cr, its total income for the quarter surged 36% YoY to INR 412.7 Cr. Total expenses for the quarter rose 51% YoY to INR 461.7 Cr.
Adjusted EBITDA loss for the quarter stood at INR 35 Cr as against an adjusted EBITDA loss of INR 5 Cr in the year-ago quarter. In its shareholder letter, the company said that its new service Insta Help, under which it provides house help in 15 minutes, 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.
(The story will be updated soon)
The post Urban Company Slips Into Red In Q2, Posts INR 59 Cr Loss appeared first on Inc42 Media.
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