1. Urban Company shares fall 10% as Q2 loss widens despite revenue growth

Urban Company shares fall 10% as Q2 loss widens despite revenue growth

Business

  • • Urban Company shares fell nearly 10% in intraday trade on October 19 after its Q2 FY27 results showed widening losses.
  • The home services platform’s consolidated net loss widened to ₹182.48 crore in July-September, from ₹59.33 crore a year earlier.
  • Revenue rose 41.4% year-on-year to ₹537.29 crore, while the company approved plans to raise up to ₹2,500 crore, subject to shareholder approval.

Source: business-standard.com

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