Urban Company, the home services startup preparing for its IPO, has swung to profitability in FY25, recording a net profit of ₹239.8 crore—a turnaround from a ₹92.7 crore loss in FY24. Revenue surged 38% year-on-year to ₹1,144 crore, supported by strong operational growth both in India and abroad
📈 Revenue Growth & Profit Drivers
- Revenue up 38.2% to ₹1,144.5 crore, led by core consumer services, Native hardware, and international expansion
- Deferred tax credits of ₹211 crore played a key role in profit, with pre-tax profit at ₹28.6 crore
- Adjusted EBITDA turned positive at ₹11.1 crore, reversing a loss of ₹119 crore in FY24—indicating improved cost control
🧩 Business Segment Highlights
- India consumer services: Revenue hit ₹881 crore (+24%), supported by repeat customers (82% of NTV), with an average of 47,800 monthly active professionals earning ₹26,400 each
- Native hardware: Sales tripled to ₹116 crore, fueled by smart locks and water purifiers
- International markets: Revenue up 64% to ₹147 crore; UAE segment turned EBITDA positive at ₹1.7 crore
🚀 IPO Momentum
Urban Company filed its DRHP for a ₹1,900 crore IPO in April, comprising a fresh issue of ₹429 crore and an offer-for-sale by existing investors. The company plans to use proceeds for technology, marketing, and working capital entrackr.com
The profitability milestone adds weight to its valuation ahead of listing, signaling improved investor confidence.
✅ Final Take
Urban Company’s FY25 profitability marks a turning point, fueled by strong revenue growth, tax asset recognition, and cost efficiency. This performance cements its readiness for a public debut and validates its hybrid model spanning home services, hardware, and global outreach.
