Urban Company’s Rs. 1,900 Crore IPO: What Investors Need to Know Now!
Indian tech startup Urban Company has reported a strong financial turnaround for the fiscal year 2024-2025, setting the stage for its upcoming initial public offering (IPO). The company posted an operating profit of Rs. 1,144.5 crore and a net profit of Rs. 240 crore — a significant recovery after reporting a Rs. 93 crore loss in the previous financial year. This marks the first year Urban Company has turned profitable since its inception.
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Urban Company attributes its profitability to increased operational efficiency and robust revenue growth. The annual report highlights a Rs. 211 crore tax credit as a contributing factor; however, even excluding this, the company achieved a pre-tax profit of Rs. 28.6 crore, indicating solid underlying business fundamentals.
During FY25, Urban Company facilitated around 6.8 million customer transactions across 17 service categories including salon and spa treatments, appliance repairs, pest control, and more. The net transaction value surged to Rs. 3,115 crore, reflecting increased consumer demand and market penetration.
India Remains the Largest Market Amid International Expansion
India continues to be Urban Company’s biggest market, generating Rs. 997 crore in revenue. The company also expanded its international footprint in markets such as Singapore, the UAE, and Saudi Arabia, contributing Rs. 147 crore in revenue. Total income for FY25 stood at Rs. 1,261 crore, which includes Rs. 117 crore from interest income and mutual fund realizations.
Platform services accounted for 65 percent of Urban Company’s income, growing 32.5 percent year-on-year to Rs. 742 crore. Membership revenue also saw a healthy increase of 7.7 percent, reaching Rs. 98 crore. Additionally, sales of the company’s own water purifiers grew significantly, generating Rs. 116 crore in FY25, up from Rs. 29 crore in FY24.
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