India, Nov. 1 -- After turning profitable in the run up to its IPO, consumer services major Urban Company plunged into loss in Q2 FY26. The company reported a multifold rise in its net loss to INR 59.3 Cr during the quarter from INR 1.8 Cr in Q2 FY25. In Q1 FY26, the company had reported a net profit of INR 6.9 Cr.

Operating revenue zoomed 37% YoY and 4% QoQ to INR 380 Cr in Q2 FY26. Including other income of INR 32.6 Cr, its total income for the quarter surged 36% YoY to INR 412.7 Cr. Total expenses for the quarter rose 51% YoY to INR 461.7 Cr.

Adjusted EBITDA loss for the quarter stood at INR 35 Cr as against an adjusted EBITDA loss of INR 5 Cr in the year-ago quarter. In its shareholder letter, the company said that its new service I...