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Gaurav Narendra Puri

2nd Nov · SEBI-Registered Analyst

Monday's attention will be on Urban Company shares as the Q2 loss increases.

HUDCO
Urban Company reported a setback in its first quarterly earnings after going public, slipping into a loss of ₹59.3 crore for the second quarter of this fiscal. This compares with a profit of ₹6.9 crore in the preceding quarter and a loss of ₹1.82 crore in the base quarter. The Gurugram-headquartered platform attributed the loss to substantial upfront spending on its new daily housekeeping vertical, Insta Help, which overshadowed otherwise strong performance in its core services and smart home products businesses. Its revenue rose 37% year-on-year to ₹380 crore, up from ₹277 crore a year earlier and slightly higher than ₹367 crore in the previous quarter

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