Stories
Urban Company Shares Plunge 8.75 Percent After Weak Q2 Results Check Brokerage Views
- •Urban Company shares dropped by about 8.75 percent in intraday trade following weak financial results.
- •The home services platform reported a consolidated net loss of Rs 182.48 crore for Q2 FY27.
- •Emkay Global Financial Services maintained a Buy rating on Urban Company and raised the target price to Rs 200.
- •The board has approved raising Rs 2500 crore via equity to fund future growth and tackle rising competition.
Key Questions Answered
Urban Company reported a consolidated net loss of Rs 182.48 crore for Q2 FY27, widening from Rs 59.33 crore in the same period last year. This increase in losses was driven by continued heavy investments and spending in its quick services vertical, InstaHelp, amid growing market competition.
Following the release of its weak Q2 results and the report of a wider net loss, Urban Company's shares faced heavy selling pressure on Monday, falling roughly 8.75% during intraday trading to trade at 144.30 rupees on the NSE.
Emkay Global Financial Services has maintained a 'buy' rating on Urban Company and raised its target price from 190 rupees to 200 rupees. The brokerage highlighted strong growth potential across segments, a robust local network, and a core business monopoly despite short-term capital dilution concerns.
