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Urban Company posts Rs 846 Cr revenue in 9M FY25, locks and RO biz grows 7X

EntrackrEntrackr · 10m ago
Urban Company posts Rs 846 Cr revenue in 9M FY25, locks and RO biz grows 7X
Medial

Urban Company’s revenue from operations grew to Rs 846 crore in the first nine months of FY25 from Rs 601 crore in the first three quarters of FY24, its financial statements disclosed in the DRHP show. Urban Company provides home services, including spa and salon treatments, AC repair, electrical work, painting, wall panel installation, pest control, and more. Revenue from these services contributed 75% of the company’s total collections, which rose 31% to Rs 639 crore in the nine months ending December FY25. The remaining operating revenue came from the sale of products to customers and professionals, amounting to Rs 207 crore during the same period. In addition to selling white-label products for salon services, the company also supplies locks, panels, and water filtration (RO) systems, which increased 7X to Rs 75.8 crore in 9M FY25 from Rs 10.8 crore in 9M FY24. Importantly, Urban Company’s international business accounts for Rs 116.4 crore of revenue during the first three quarters of FY25. It also added Rs 84.2 crore from other income (interest income on zero-coupon bonds and fixed deposits), which took the overall revenue to Rs 930 crore in the first nine months of the last fiscal year. On the expense side, employee benefits accounted for 28.5% of the overall expenditure, which stood at Rs 258 crore during the first nine months of FY25. Urban Company spent Rs 160 crore on advertising and promotional activities and Rs 148 crore on procurement costs during the same period. The incentive given to professionals, outsourced support, cost, freight, warehousing, legal, and other overheads took the overall expenditure up by 23.2% to Rs 903 crore in 9M FY25 from Rs 733 crore in 9M FY24. A combination of over 40% revenue growth and tighter cost controls helped Urban Company swing to a profit before tax of Rs 27.1 crore in the first nine months of FY25, compared to a loss of Rs 57.7 crore during the same period last year. The company’s Return on Capital Employed (ROCE) improved to 1.84%, while its EBITDA margin rose to 6.78%. At the unit level, Urban Company spent Rs 1.07 to generate a unit of operating revenue. As of December 2024, its total current assets stood at Rs 1,514 crore, including Rs 591 crore in cash and bank balances. Urban Company plans to raise Rs 1,900 crore through its initial public offering (IPO), comprising a fresh issue of Rs 429 crore and an offer for sale (OFS) worth Rs 1,471 crore. The price band for the Tiger Global-backed company is yet to be announced. As part of the OFS, investors including Accel, VY Capital, Prosus, Bessemer, and Elevation Capital will divest a portion of their holdings.

Urban Company posts Rs 1,144 Cr revenue and Rs 28.5 Cr PBT in FY25

EntrackrEntrackr · 9m ago
Urban Company posts Rs 1,144 Cr revenue and Rs 28.5 Cr PBT in FY25
Medial

Home services marketplace Urban Company recorded a 38.2% year-on-year revenue growth to Rs 1,144 crore during the fiscal year ended March 2025 (FY25), according to its annual report. The company also swung to profitability in FY25 from a significant loss in FY24. Urban Company claims to have completed 6.8 million annual customer transactions across 17 super categories in 51 cities with a total net transaction value of Rs 3,115 crore (India+International). Urban Company offers a wide range of home services, including spa and salon treatments, AC repairs, electrical work, painting, wall panel installations, pest control, and more. It also generates revenue through the sale of its water purifier (native) and products sold to service professionals. Platform services continued to be the largest revenue driver for Urban Company, contributing 64.8% of its total operating income, which rose 32.5% to Rs 742 crore in FY25. Revenue from customer memberships grew marginally by 7.7% to Rs 98 crore. On the product sales front, the company saw a sharp 300% jump in revenue from its native water purifier, which surged to Rs 116 crore in FY25 from Rs 29 crore in FY24. The remaining Rs 188 crore came from product sales to service professionals. Of its total operating revenue, Rs 997 crore was generated from India, including the sale of water purifiers, while the remaining Rs 147 crore came from its international operations. It also added Rs 117 crore from interest and profits from the sale of mutual funds, which tallied the overall income to Rs 1,261 crore in FY25 from Rs 928 crore in FY24. Employee benefits emerged as the largest cost center for Urban Company in FY25, accounting for 28.6% of the total expenditure. This expense remained flat at Rs 350 crore, which includes a non-cash ESOP cost of Rs 72.5 crore. Spending on advertising and business promotion also held steady at Rs 207 crore during the year. Other cost heads, including materials, professional incentives, freight, payment gateway charges, outsourced support, and overheads, pushed the company’s total expenditure to Rs 1,223 crore in FY25, up from Rs 1,021 crore in FY24. According to its annual report, Urban Company’s India consumer services segment posted a profit of Rs 113 crore in FY25. However, its native water purifier vertical and international operations reported losses of Rs 38.7 crore and Rs 33.7 crore, respectively. The year-on-year growth, coupled with controlled expenditure, particularly in employee benefits and advertising, helped Urban Company to post a PBT (profit before tax) of Rs 28.5 crore in FY25, compared to a loss of Rs 92.7 crore in FY24. Its ROCE and EBITDA margin improved to a positive 2.46% and 6.68%, respectively, in FY25. On a unit level, it spent Rs 1.07 to earn a rupee of operating revenue. By the end of FY24, the company’s total current assets were recorded at Rs 1671 crore, with cash and bank balances of Rs 590 crore. Urban Company is set to launch its initial public offering (IPO). In April, the company filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise Rs 429 crore (approximately $50 million) through a fresh issue and an offer for sale (OFS) of Rs 1,471 crore. Urban Company, once enjoying a relatively uncontested market, is now facing growing competition from emerging startups such as Snabbit and Pronto. Meanwhile, Swiggy has also entered the on-demand professional services segment with its offering, Pyng.

Navi Technologies swings to red with Rs 126 Cr loss in FY25

EntrackrEntrackr · 7d ago
Navi Technologies swings to red with Rs 126 Cr loss in FY25
Medial

Navi Technologies swings to red with Rs 126 Cr loss in FY25 Navi Technologies, a fintech unicorn founded by Sachin Bansal, reported steady growth in the fiscal year ending March 2025 but lost profitability during the same period, largely due to a sharp decline in other income and regulatory restrictions on its lending arm. Navi’s revenue from operations grew by 18% year-on-year to Rs 2,565 crore in FY25 from Rs 2,180 crore in FY24, according to its consolidated financial statements sourced from the Registrar of Companies (RoC). The company provides personal and home loans, bill payments, insurance, digital gold, and mutual funds. Interest income accounted for 85% of Navi’s total revenue which grew by 21% to Rs 2,178 crore in FY25. Fees, commissions, and other allied services contributed Rs 127 crore, and the firm added an additional Rs 124 crore from non-operating income, taking its total income to Rs 2,689 crore in FY25. The other income declined sharply from Rs 614 crore in FY24, primarily because the company had recorded gains from the sale of a subsidiary in the previous fiscal year. Finance cost remained the largest expense for the lending company, rising 21% to Rs 850 crore in FY25 from Rs 705 crore in FY24. Impairment on financial instruments increased 17% to Rs 578 crore, while employee benefit expenses grew 17% to Rs 546 crore in FY25. However, advertising expenses declined 24% to Rs 198 crore, and IT expenses dropped 11% to Rs 143 crore. Overall, the company’s total expenses rose 10% to Rs 2,730 crore in FY25 from Rs 2,491 crore in FY24. The growing expenses and a sharp fall in other income resulted in a loss for the company for the last fiscal year. Navi posted a loss of Rs 126 crore in FY25, as compared to a loss of Rs 358.5 crore in FY24. Its ROCE and EBITDA margin stood at 8.90% and 28.97% respectively for the period. On a unit basis, the company spent Rs 1.06 to earn a rupee of operating revenue during the fiscal year. Navi recorded cash and bank balances of Rs 1,369 crore, while its current assets stood at Rs 7,811.5 crore in FY25. Navi’s lending operations faced a temporary hurdle in FY25 due to regulatory action. In October 2024, the Reserve Bank of India (RBI) instructed Navi Finserv, along with three other NBFCs, to halt the sanctioning and disbursement of new loans due to concerns related to pricing policies and regulatory compliance. The restrictions were lifted in December after the company addressed the deficiencies and implemented revised systems to comply with regulatory guidelines, allowing it to resume lending operations. Navi has raised around $445 million of funding till date, with Gaja Capital as one of its lead investors. Navi competes with the likes of Finnable, Fibe, FamApp, and Paytm among several others.

Moneyview reports Rs 210 Cr profit on Rs 2,373 Cr revenue in 9M FY26

EntrackrEntrackr · 12d ago
Moneyview reports Rs 210 Cr profit on Rs 2,373 Cr revenue in 9M FY26
Medial

Moneyview reports Rs 210 Cr profit on Rs 2,373 Cr revenue in 9M FY26 Digital lending platform Moneyview has filed its DRHP with the Securities and Exchange Board of India (SEBI) for its upcoming IPO. The financial statements show that the company recorded strong numbers during the nine-month period ending December 2025. Significantly, the Bengaluru-based firm reported a profit of Rs 210 crore in the same period. Moneyview recorded operating revenue of Rs 2,373 crore during the nine months of FY26, according to its financial statement included in its draft red herring prospectus. Founded in 2014 by Puneet Agarwal and Sanjay Aggarwal, Moneyview operates a credit-led digital financial services platform offering personal loans, credit score tracking, and insurance distribution. Revenue from fees and commission accounted for 35% of the income at Rs 724 crore while the company generated Rs 206 crore from interest income. Including other income, the company’s total revenue stood at Rs 2,408.5 crore in the same period. On the spending side, impairment on financial instruments accounted for 35% of the total cost at Rs 724 crore during the period. Finance cost followed at Rs 460 crore, while promotional expenses stood at Rs 315 crore. Employee benefit expenses came in at Rs 206 crore, and other expenses added Rs 368 crore. Overall, the firm’s total expenses stood at Rs 2,080 crore during the period, with an expense-to-operating revenue ratio of 0.88. Moneyview reported a net profit of Rs 210 crore during the nine-month period ending December 2025. The company’s EBITDA stood at Rs 712.5 crore with an EBITDA margin of 30.03%. On the balance sheet side, the company reported total assets of Rs 7,719 crore. The company also held Rs 835 crore in cash and bank balances while total current assets stood at Rs 5,880 crore. Moneyview’s IPO will comprise a fresh issue of equity shares worth Rs 1,500 crore, along with an offer for sale (OFS) of up to 13.6 crore equity shares by existing shareholders. The company’s co-founder Puneet Agarwal will participate in the OFS alongside several early investors including Accel, Ribbit Capital, and Apis Partners.

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