Urban Company turns red in Q3 on InstaHelp scale-up costs; net loss at ₹21 crore, revenue up 33% -

URBANCO

Urban Company turns red in Q3 on InstaHelp scale-up costs; net loss at ₹21 crore, revenue up 33% -

Consumer services platform Urban Company reported a consolidated net loss of ₹21.3 crore in Q3FY26, compared with a net profit of ₹231.8 crore in the year-ago period. The company attributed the decline to continued investments in scaling its quick housekeeping vertical, InstaHelp. Sequentially, losses narrowed 64% from ₹59.3 crore in Q2FY26. Revenue from operations rose 33% YoY and 1% QoQ to ₹382.7 crore in the December quarter. Including other income of ₹36.1 crore, total income stood at ₹418.8 crore, up 33% YoY. Total expenses increased 43% over last year to ₹432.8 crore in the third quarter. The company had booked a one-time deferred tax credit of ₹215.5 crore in the year-ago quarter. Excluding this, Urban Company had reported a ₹16.4 crore profit in Q3FY25. Urban Company posted an adjusted EBITDA loss of ₹17 crore. Excluding InstaHelp, adjusted EBITDA stood at ₹44 crore profit. InstaHelp alone incurred an adjusted EBITDA loss of ₹61 crore in the period. All this is for information. This is not a buy/sell recommendation. Thank you, Technofunda24