New Delhi, Nov. 3 -- The downtrend in Urban Company continued to extend as the stock fell another 7% in Monday's intraday trade to Rs.147 apiece. The company's weak performance in the September quarter further impacted investor sentiment, keeping the stock in a sustained downward trend.

Though the company reported a 37% jump in revenue to Rs.380 crore in the September quarter, the sharp rise in operating expenses weighed on its bottom line, causing net loss to widen to Rs.59.33 crore, sharply higher than the Rs.1.82 crore net loss reported in the corresponding quarter of the previous financial year.

Its operating expenses during the quarter spiked to Rs.462 crore, up from Rs.384 crore in the previous quarter. The increase in expenses ca...