CONNECT WITH US
Funding Tracker

Funding Tracker

Urban Company’s InstaHelp reports Rs 174 Cr adjusted EBITDA loss on Rs 21 Cr revenue in Q2 FY27

Entrackr logo

Published on

Add as a preferred source on Google
Urban Company’s InstaHelp reports Rs 174 Cr adjusted EBITDA loss on Rs 21 Cr revenue in Q2 FY27

Home services marketplace Urban Company reported a 41% year-on-year growth in operating revenue in Q2 FY27. However, its losses widened threefold as the company continued to invest in its quick home services platform InstaHelp, which alone reported an adjusted EBITDA loss of Rs 174 crore during the quarter.

Urban Company's revenue from operations rose to Rs 527 crore in Q2 FY27 from Rs 380 crore in the same quarter last year, according to its unaudited financial results sourced from the National Stock Exchange (NSE).

Urban Company's India Consumer Services business, excluding InstaHelp, remained its largest revenue contributor, accounting for over 62% of operating revenue. The segment's revenue grew 28% year-on-year to Rs 336.4 crore in Q2 FY27.

Its Native brands business recorded a 40% year-on-year increase in revenue to Rs 105.4 crore, compared with Rs 75.4 crore in the year-ago quarter. Meanwhile, the international business grew 82% to Rs 75 crore.

InstaHelp, Urban Company's quick-service housekeeping vertical, generated Rs 20.37 crore in revenue, up 82% quarter-on-quarter, on 6.2 million orders in Q2 FY27. This translated to an average revenue of nearly Rs 33 per order.

However, net order value declined to Rs 114 from Rs 138 in the previous quarter amid intense competition and introductory prices for new users. The platform's adjusted EBITDA loss per order improved to Rs 279 in Q2 FY27 from Rs 346 in Q1.

Urban Company's employee benefits expenses rose 60% year-on-year to Rs 182 crore in Q2 FY27, compared with Rs 114 crore in the year-ago quarter.


Source link
Related Topics:Funding Tracker

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.