Urban Company posts first full-year profit, revenue jumps 38% ahead of IPO
The home services platform reported a net profit of Rs 239.8 crore in FY25, compared to a net loss of Rs 92.7 crore the previous year, as operational revenue and other income saw strong year-on-year growth.
Urban Company Ltd. recorded its first full year of profitability, posting a net profit of Rs 239.8 crore for the financial year ending March 2025, compared to a net loss of Rs 92.7 crore in FY24 driven by cost controls and a large tax credit.
A significant portion of urban company's FY25 profit came from the recognition of deferred tax assets.
The home services platform saw its revenue from operations grow by 38.2% year-on-year to Rs 1,144.5 crore in FY25, up from Rs 828 crore in the previous fiscal.
According to the company’s consolidated financial statements, other income rose 16.24% to Rs 116.21 crore in FY25, up from Rs 99.97 crore in FY24.
Cash generated from operating activities reached Rs 54.6 crore during the fiscal year. Total expenses increased by 19.86%, rising to Rs 1223.47 crore in FY25 from Rs 1020.71 crore the previous year.
Spending on advertisements, sales promotion, and incentives (other expenses) rose 22.49% to Rs 613.27 crore from Rs 500.64 crore in FY24.
Employee benefits expense remained largely flat, rising 1.5% year-on-year to Rs 350.12 crore.
Urban Company served 6.8 million annual transacting users on its platform in FY25 and had nearly 48,000 monthly active service partners with 82% of business coming from repeat users.
Average earnings for service partners on the platform grew 16% year-over-year to Rs 26,400 per month in FY25.
Its Native vertical, which includes app-integrated water purifiers and electronic door locks, posted a 303% jump in revenue to Rs 116 crore. Net transaction value surged over fourfold to Rs 155.5 crore, though the unit remained loss-making with an adjusted EBITDA of Rs -39.7 crore.
International revenue rose 63.9% year-on-year to Rs 147 crore, driven by demand in the UAE and Singapore. Urban Company transitioned its Saudi Arabia operations into a 50:50 joint venture with SMASCO in January 2025 and no longer consolidates revenue from that market. The UAE business turned profitable during the year, with an adjusted EBITDA of Rs 1.7 crore.
The New Delhi-based company, co-founded and led by Chief Executive Officer Abhiraj Singh Bhal, connects customers with home service providers including cleaning, beauty, repairs and maintenance across multiple cities in India and internationally.
The company is also preparing for an IPO and converted into a public limited company in February 2025 and changed name to Urban Company Limited.
It filed for an IPO with SEBI in April 2025 to raise Rs 1,900 crore—Rs 429 crore as fresh issue, Rs 1,471 crore as offer-for-sale.
Edited by Megha Reddy