India's Urban Company slumps on posting wider quarterly loss

Urban

03/11/2025 04:01

Nov 3 (Reuters) - Shares of Indian home services platform Urban Company URBN.NS declined over 6% on Monday, following its first quarterly results since listing, where the company reported a wider quarterly loss.

The firm, which listed at a 57.5% premium in September at 162.25 rupees, was trading down as much as 6.8% at 147.01 rupees.

Its shares were last trading 4.94% lower, as of 09:24 a.m. IST.

Its consolidated loss stood at 593.3 million rupees (about $7 million) for the September quarter, compared to a loss of 18.2 million rupees a year earlier.

Urban company reported a profit of 69.4 rupees in the prior quarter.

($1 = 87.8950 Indian rupees)

 (Reporting by Manvi Pant; Editing by Sonia Cheema)

 ((Manvi.Pant@thomsonreuters.com; +918447554364;))