Urban Company slips into red in Q1, revenue jumps 44%
Urban Company reported a net loss of Rs 92.12 crore for Q1 FY27, reversing a net profit of Rs 6.94 crore a year earlier.
Revenue rose 44% to Rs 528.34 crore from Rs 367.27 crore in the same quarter last year.
InstaHelp, its on-demand domestic services business, posted an EBITDA loss of Rs 131.58 crore on revenue of Rs 11.22 crore.
The company acquired over 1.2 million new users and delivered 13.2 million orders in the quarter, up 79% year-on-year.
International business revenue grew 82% to Rs 65.42 crore, with UAE and Singapore delivering profitable growth.
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