In the March quarter (Q4FY26), Urban Company reported a net loss widened to ₹161.16 crore, as compared to a net loss of ₹2.84 crore Y-o-Y
The home-services platform reported a 43% rise in quarterly revenue as transaction volumes hit a multi-year high
The buying on the counter came after Urban Company announced that its quick-service housekeeping vertical, InstaHelp, has surpassed 1 million monthly delivered bookings in March.
Following the development, Urban Company's share price fell 1.06 per cent to an intraday low of ₹112.99 per share on the National Stock Exchange (NSE)
The brokerage believes Urban company is well positioned to benefit from the gradual shift of India's fragmented home services market towards organised, tech-led platforms
At 10:14 AM, Urban Company's share price was trading 12.56 per cent higher at ₹123.65. In comparison, Sensex was up 0.31 per cent at 76,305.17
Urban company shares are in focus after about 35 million shares, or a 2.5 per cent stake, changed hands on NSE, according to Bloomberg
Jm Financial said that if InstaHelp economics become viable, this could turn out to be the 'Blinkit' opportunity for Urban Company, noted JM Financial
Urban Company and declined on Monday, likely due to selling by institutional investors following the expiry of the lock-in period