Urban Company Q1: Fastest growth in four years, but InstaHelp spending pushes firm into loss
New Delhi, July 31 -- Urban Company on Friday reported its fastest quarterly growth in nearly four years in the June quarter, driven by strong demand across its core home-services business. But heavier spending on its quick household-help venture, InstaHelp, and a deferred tax expense pushed the Gurugram-based company into a net loss.
Consolidated revenue from operations rose 44% year-on-year to Rs.528.3 crore in the quarter ended June (Q1FY27). The company reported a net loss of Rs.92.1 crore, compared with a net profit of Rs.6.9 crore a year earlier. The swing was primarily driven by a deferred tax expense of Rs.8.4 crore, versus a deferred tax credit in the year-ago period. Excluding the tax impact, operating performance continued to ...
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