India, April 29 -- Home and beauty services unicorn Urban Company reported a consolidated profit after tax (PAT) of INR 242.6 Cr for the nine months ended December 31, 2024 (9M FY25) on account of a deferred tax gain of INR 215.5 Cr.

The IPO-bound ecommerce startup had posted a loss of INR 57.8 Cr in the year-ago period.

Urban Company would have reported a net profit of INR 27.1 Cr had it not been for the one-time deferred tax gain related to past tax losses and temporary differences.

Revenue from operations jumped 41% to INR 846 Cr during the period under review from INR 600.9 Cr in 9M FY24, aided by strong growth in platform-related services and B2B products sold to professionals.

Founded in 2014 by Abhiraj Singh Bhal, Varun Khaitan...