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Urban Company Slumps 9% as Q2 Losses Widen While HDFC Bank and Ixigo Rally on Strong Earnings
M
Moneycontrol•19-10-2026, 15:52
Urban Company Slumps 9% as Q2 Losses Widen While HDFC Bank and Ixigo Rally on Strong Earnings
- •HDFC Bank shares jumped 2 percent following a 4.7 percent year-on-year increase in standalone Q2 profit to Rs 19,510 crore.
- •Urban Company shares declined 9 percent after reporting a widened Q2 consolidated loss of Rs 182.5 crore despite a revenue surge.
- •Le Travenues Technology surged 10 percent after posting a Q2 consolidated profit of Rs 61.3 crore compared to a loss previously.
- •Adroit Infotech rose 5 percent following an agreement to acquire a majority stake in Croatia-based Verso Altima Group.
- •Zen Technologies fell 1.5 percent after approving a Rs 135.15 crore investment to acquire a majority stake in Cogknit Semantics.
Key Questions Answered
Urban Company shares declined 9% after the company reported that its Q2 consolidated loss widened to Rs 182.5 crore from Rs 59.3 crore in the previous year, despite a 41.4% increase in revenue reaching Rs 537.3 crore.
HDFC Bank shares gained 2% after reporting a 4.7% year-on-year rise in standalone Q2 profit, reaching Rs 19,510 crore, alongside a 9.7% growth in net interest income to Rs 34,619.2 crore.
Le Travenues Technology (Ixigo) shares surged 10% after the company posted a Q2 consolidated profit of Rs 61.3 crore, reversing a year-ago loss of Rs 3.2 crore, while its revenue grew 12.9% to Rs 320.96 crore.
