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Urban Company swings to ₹242.6 cr profit in 9M FY25
Inshorts
·
2m ago
Medial
Home and beauty services unicorn Urban Company reported a consolidated profit after tax (PAT) of ₹242.6 crore for the nine months ended December 31, 2024 (9M FY25) on account of a deferred tax gain of ₹215.5 crore. The IPO-bound e-commerce startup had posted a loss of ₹57.8 crore in the year-ago period.
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Urban Company posts Rs 846 Cr revenue in 9M FY25, locks and RO biz grows 7X
Entrackr
·
2m ago
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.
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Urban Company posts Rs 1,144 Cr revenue and Rs 28.5 Cr PBT in FY25
Entrackr
·
1m ago
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.
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Lendingkart swings to Rs 288 Cr loss in FY25 as NPAs rise
YourStory
·
1m ago
Medial
Lendingkart Finance Limited reported a net loss of Rs 288.33 crore in FY25, down from a Rs 60.07 crore profit the previous year, due to decreased interest income and increased provisioning. Interest income fell by nearly 20%, and loan loss provisions more than doubled. Gross non-performing assets rose, reflecting broader industry challenges. Finance costs and other expenses also increased. The company seeks fresh capital investment to stabilize operations amid a lending sector slowdown.
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Urban Company turns operationally profitable, set to cross Rs 1,000 crore revenue in FY25
VCCircle
·
1y ago
Medial
Indian home services provider, Urban Company, announced that it achieved operational profitability in Q1 of FY25. The company reported operating EBITDA of INR 7 crore and profit before tax of INR 12 crore, accounting for 4.3% of its net sales of INR 281 crore for the quarter. Urban Company is set to cross INR 1,000 crore in revenue for FY25, reflecting a growth of about 36% year-on-year. The company attributes its growth to investments in service quality, partner training, technology development, and the launch of new products. Urban Company also recently closed a INR 400 crore secondary funding round.
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Urban Company Turns Profitable, Posts INR 240 Cr PAT In FY25
Inc42
·
1m ago
Medial
Urban Company achieved profitability in FY25, posting a net profit of INR 239.7 crore compared to a loss of INR 92.7 crore in FY24. The hyperlocal services startup experienced a 38.2% increase in operating revenue, reaching INR 1,144.4 crore, up from INR 828 crore in the previous fiscal year. Additionally, the company's expenses rose by 19.8% to INR 1,223.4 crore, reflecting its growing scale and operational activities in the consumer services sector.
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Awfis swings to full-year profit in FY25 as coworking rentals, construction projects boom
YourStory
·
2m ago
Medial
Awfis, a coworking startup, reported significant profit growth in FY25, driven by a rise in other income. Revenue increased by 42.3% to Rs 1,207.53 crore, while expenses grew 36.4%. Full-year comprehensive profit reached Rs 67.34 crore, compared to a loss last year. Awfis expanded to 134,000 seats across 208 centers, with its Managed Aggregation model contributing significantly. The company introduced new services and expanded its client base, achieving a diverse mix across multiple sectors.
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SoftBank swings to $7.7B profit in September quarter
YourStory
·
8m ago
Medial
SoftBank Group reported a profit of 1.2 trillion yen ($7.98 billion) in the second quarter of FY25, driven by successful IPOs of its portfolio companies. The company made investment gains of 608 billion yen ($3.96 million), marking its fourth consecutive profitable quarter. SoftBank's Vision Funds sold investments worth $1.85 billion, with notable exits from companies like SenseTime and Paytm. SoftBank-backed companies like FirstCry, Ola Electric, and Unicommerce had strong market debuts but saw their stock prices fall afterwards. SoftBank is also exploring AI investments, including a potential $500 million investment in OpenAI.
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Urban Company founders sell Rs 780 crore worth of shares through multiple pre-IPO secondary deals
Economic Times
·
2m ago
Medial
Urban Company’s founders sold shares worth Rs 780 crore in pre-IPO transactions, using part of the proceeds to fund payments for a 2019 rights issue. Buyers included Prosus Ventures and Swiggy's CEO. Post-sale, the founders hold about 20% of Urban Company. The company, moving towards a Rs 1,900-crore IPO, turned profitable with a Rs 242 crore net profit in the first nine months of FY25, recording substantial growth in operating revenue and active users.
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Here's how Urban Company plans to use its IPO proceeds
Economic Times
·
2m ago
Medial
Urban Company plans an IPO to raise Rs 1,900 crore, with Rs 429 crore as fresh issue and Rs 1,471 crore as an offer for sale by existing shareholders including Accel, Tiger Global, and others. The proceeds will fund technology development, cloud infrastructure, office leases, and marketing between 2026 and 2028. Urban Company reported Rs 846 crore operating revenue in nine months of FY25, with a net profit of Rs 242 crore, marking significant growth and profitability.
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Wakefit posts Rs 971 Cr revenue in 9M FY25; auditor raises concern over past financials
Entrackr
·
29d ago
Medial
Wakefit, a brand specializing in home and sleep solutions, has submitted its Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) for an Initial Public Offering (IPO). According to the balance, Wakefit reported a revenue of Rs 971 crore for the first nine-month period of FY25, concluding on December 31, 2024. Auditors, however, raised concerns regarding the financial statements. Wakefit’s operating revenue stood at Rs 971 crore in the nine months of FY25, nearly matching the Rs 986 crore it recorded in the entire FY24. The firm’s topline was largely driven by the sale of manufactured goods, which accounted for over 97% of its operating income, standing at Rs 951 crore. Other revenue came from the sale of traded goods and other income, which pushed its total income to Rs 994 crore in the nine months of FY25. On the expense side, cost of materials was the major contributing factor, accounting for 43% of the total expense at Rs 433 crore. Employee benefits accounted for Rs 126 crore, and the firm also spent Rs 82 crore on advertising and Rs 75 crore on delivery-related expenses during the period. Other overheads, including depreciation and IT expenses, further added to the cost base. Overall, total expenses stood at Rs 1,003 crore in the nine months of FY25, as compared to Rs 1,032 crore in FY24. Wakefit reported a loss of Rs 9 crore in the nine months of FY25, as compared to a loss of Rs 15 crore in FY24. However, the company posted a positive EBITDA of Rs 76 crore, with an EBITDA margin of 7.65% in the same period. Its ROCE stood at 1.33%. On a unit level, the company spent Rs 1.03 to earn a rupee of revenue during the 9-month period and has current assets worth Rs 577 crore, including Rs 19 crore in cash and bank balances. Looking further in the DRHP, the auditors flagged issues such as mismatches between financial records and bank filings, delayed statutory payments including GST dues under dispute, absence of an internal audit system, and cash losses over the last three fiscals. In FY24, the company’s accounting software was also found lacking the mandatory audit trail feature. While these observations didn’t require changes to its reported financials, Wakefit cautioned that similar remarks in the future could impact its reputation and financial standing. The company also revealed it uses several non-GAAP financial metrics like EBITDA, adjusted EBITDA, and return on capital employed to track performance. Wakefit noted these figures may not follow standard industry definitions and might not be comparable with those reported by peers. It urged investors not to rely solely on these supplemental measures and to consider audited financials under statutory accounting norms.
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