Urban Company Shares Drop Over 9% as Q2FY27 Net Loss Widens to ₹182.48 Crore
Urban Company shares tumbled over 9.3% intraday after the company reported disappointing Q2FY27 earnings as net loss widened to ₹182.48 crore mainly due to higher investment in quick household help vertical, InstaHelp. Urban Company stock hit a day low of ₹143.2 on the NSE in the morning session.
Urban Company shares came under selling pressure today as the company’s stock tumbled 9.3% reacting to weak quarterly earnings. Urban Company stock was the top NIFTY500 loser today as shares opened at ₹149.05 apiece on NSE and declined to a day low of ₹143.2, with market capitalisation of ₹22,355 crore.
Home services platform Q2FY27 consolidated net loss widened to ₹182.48 crore compared to net loss of ₹59.33 crore during the same quarter last year. Revenue during the September quarter rose 41.4% YoY to ₹537.29 crore, while EBITDA widened to a loss of ₹187.6 crore from ₹68.36 crore in the year‑ago period. Net transaction value grew 39% YoY to ₹1,432 crore, and delivered orders reached 15.1 million, up 103% YoY.
Higher losses for Urban Company were mainly driven by mounting losses in its quick household help vertical, InstaHelp, which reported an adjusted EBITDA loss of ₹174 crore. InstaHelp segment revenue grew to ₹20.5 crore from ₹1.4 crore in a year‑ago period, while orders rose 63% YoY to 0.62 crore. The adjusted loss per order was around ₹279 due to introductory pricing and intense competition from Snabbit and other household help platforms.