Urban Company Q2 Results: Loss widens to Rs 182 crore; revenue jumps 41% YoY
60-Word AI Digest
Urban Company reported a net loss of Rs 182 crore in Q2FY27 as investments in its quick services business, InstaHelp, weighed on profitability. Revenue rose 41% year-on-year to Rs 537 crore, while orders grew 103%. The company also approved a fresh capital raise of up to Rs 2,500 crore, subject to shareholder approval.
Key Takeaways
- Urban Company reported a net loss of Rs 182 crore in Q2FY27 as investments in its quick services business, InstaHelp, weighed on profitability.
- Revenue rose 41% year-on-year to Rs 537 crore, while orders grew 103%.
- The company also approved a fresh capital raise of up to Rs 2,500 crore, subject to shareholder approval.
Urban Company reported a net loss of Rs 182 crore in Q2FY27 as investments in its quick services business, InstaHelp, weighed on profitability. Revenue rose 41% year-on-year to Rs 537 crore, while orders grew 103%. The company also approved a fresh capital raise of up to Rs 2,500 crore, subject to shareholder approval.
Original Publisher Attribution
This summary was curated from Economic Times.