Urban Company Q2 net loss widens to ₹182.48 crore; revenue up 41.4%
Home services marketplace Urban Company on Friday said its consolidated net loss widened to Rs 182.48 crore in the July-September quarter of FY27.
The company had posted a net loss of Rs 59.33 crore in the year-ago period, according to a regulatory filing.
Urban Company's revenue from operations rose 41.4 per cent to Rs 537.29 crore from Rs 380.03 crore in Q2 FY26.
On a sequential basis, the net loss widened from Rs 92.12 crore in the April-June quarter, while revenue was up 1.7 per cent.
The company's board also approved raising up to Rs 2,500 crore through the issue of equity shares or other convertible securities via qualified institutional placement (QIP), subject to shareholder approval.
The board also gave an in-principle approval to explore residential air conditioners as a new line of business under its 'Native' brand.
The company said it already services millions of air conditioners every year, which gives it first-hand insight into product gaps and customer needs.
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