Shares of Urban Company nosedived nearly 8% in opening trade on Monday after the company reported a sharp year-on-year expansion in its consolidated net loss for the September quarter.
Urban Company shares were trading at Rs 145.60 on the NSE, down 7.92%, at 9:55 am on Monday.
The home services platform reported a consolidated net loss of Rs 182.48 crore for Q2 FY27, compared with a loss of Rs 59.33 crore in the year-ago period. Revenue from operations rose 41.4% year-on-year to Rs 537.29 crore from Rs 380.03 crore in Q2 FY26. Orders delivered reached 15.1 million, up 103% year-on-year, while net transaction value (NTV) grew 39% to Rs 1,432 crore.
Emkay Global Financial Services maintained its 'Buy' rating on Urban Company and raised its target price by around 5.3% to Rs 200 from Rs 190.
"Urban Company (UC) delivered a healthy 2QFY27 performance, with the India Consumer Services (ex Instahelp) (ICS) NTV growing 26.3% yoy on a higher base, while International NTV increased 66.9% yoy," the brokerage said.