India, Sept. 2 -- IPO-bound consumer services unicorn Urban Company's net profit declined 45.2% to INR 6.9 Cr in the first quarter of the fiscal year ending March 2026 (Q1 FY26), from INR 12.6 Cr in the same quarter last year.

Meanwhile, operating revenue rose 31% to INR 367.2 Cr in the period under review from INR 280.8 Cr in Q1 FY24.

Including other income, Urban Company's total revenue for the period stood at INR 398.4 Cr, 29.4% up from INR 307.9 Cr in the previous fiscal.

Founded in 2014 by Abhiraj Singh Bahl, Raghav Chandra and Varun Khaitan, Urban Company provides a tech-enabled, full-stack online marketplace platform that enables users to hire professionals for household services such as home cleaning, appliance salon and massag...