Shares of Urban Company slipped almost 6 percent on Monday, November 3, after the home-services marketplace reported a net loss of Rs 59.3 crore in Q2 FY26 — its first quarterly results since listing. The stock opened lower and traded at around Rs 148.32 on NSE, down 5.98% from the previous close of Rs 157.75. This has dragged the company close to the lower end of its 52-week range of Rs 145.17 – Rs 201.18, taking its market cap to about Rs 21,251 crore.
The Gurugram-based platform posted a Rs 6.9 crore profit in the previous quarter but slipped back into the red due to higher investments in Insta Help, its daily housekeeping vertical. Revenue from operations rose 37% YoY to Rs 380 crore, compared to Rs 277 crore in the same quarter last year, and slightly above Rs 367 crore in Q1 FY26, signaling continued broad-based growth.
However, total expenses surged to Rs 462 crore from Rs 384 crore last quarter, as the company ramped up spending on partner training, onboarding and customer acquisition. This led to an adjusted EBITDA loss of Rs 35 crore, versus a Rs 21 crore profit in Q1. The company highlighted that excluding Insta Help, the core business delivered a Rs 10 crore adjusted EBITDA profit and remains profitable.
Urban Company’s smart home products unit reported Rs 75 crore in revenue, up 179% YoY, with losses narrowing sharply, while its UAE and Singapore operations achieved EBITDA breakeven with Rs 41 crore in revenue, up 66% YoY.
The platform recorded net transaction value (NTV) of Rs 1,030 crore, up 31% YoY, with 7.4 million annual transacting users and over 57,000 monthly active service professionals. CEO Abhiraj Singh Bhal reiterated the company’s long-term focus, stating that near-term profitability may remain under pressure as investments continue in Insta Help. The firm closed the quarter with Rs 2,136 crore in cash and equivalents.
Urban Company said it expects adjusted EBITDA losses in the near term due to continued investment in Insta Help, while its core India and international business units will remain profitable and cash-generating.
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