Urban Company shares fell as much as 8.5% in morning trading on the BSE Monday, Oct. 19, after the company reported quarterly results with 41% revenue growth and an adjusted EBITDA loss, LiveMint reported.
The stock started the session at ₹148.15, with its previous close at ₹158.30, before reaching ₹144.85 intraday, LiveMint reported.
Urban Company said revenue from operations increased 41% year over year to ₹5.37 billion, while net transaction value advanced 39% to ₹14.32 billion. It reported 15.1 million orders, 103% more than a year earlier, and nearly 10 million annual transacting users, up 35%.
Adjusted EBITDA excluding InstaHelp was a profit of ₹300 million, up 213% year over year, Urban Company said. The company reported an overall adjusted EBITDA loss of ₹1.44 billion, which it attributed to ₹1.74 billion invested in InstaHelp.
Urban Company ended the September quarter with ₹19.01 billion in cash and treasury investments. Its board approved a proposed capital raise of up to ₹25 billion, subject to shareholder approval.
