Urban Company shares crashed over 8% in morning trade on the BSE on Monday, 19 October, after the home services platform's September quarter (Q2FY27) results. Urban Company share price opened at ₹148.15 against its previous close of ₹158.30 and crashed 8.5% to an intraday low of ₹144.85.
After market hours on Friday, 16 October, Urban Company said its consolidated net transaction value (NTV) during Q2FY27 grew 39% year-on-year (YoY) to ₹1,432 crore and revenue from operations rose by 41% YoY to ₹537 crore. Orders delivered reached 1.51 crore, up 103% YoY, and annual transacting users reached nearly 1 crore, up 35% YoY.
Adjusted EBITDA for the quarter was - ₹144 crore due to a deliberate ₹174 crore investment in InstaHelp. Excluding InstaHelp, Adjusted EBITDA was ₹30 crore, up 213% YoY, said the company.
The Company closed the quarter with ₹1,901 crore in cash and treasury investments.
Meanwhile, its board has approved a fresh capital raise of up to ₹2,500 crore, subject to shareholder approval.