Recently listed Urban Company reported a widened consolidated net loss of Rs 59 crore in the second quarter of FY25, compared to Rs 2 crore in the same quarter last year. However, the company posted a 37% year-on-year growth in revenue from operations. The results were announced on Saturday.
The revenue from operations was posted at Rs 380 crore for Q2FY26, against Rs 277 crore in Q2FY25.
The company reported an adjusted EBITDA loss of Rs 35 crore, primarily due to a Rs 44 crore loss from its new vertical, Insta Help. Excluding Insta Help, the business delivered an adjusted EBITDA profit of Rs 10 crore, accounting for 0.9% of Net Transaction Value (NTV).
More to follow…