IPO-bound Urban Company has reported a robust 38% year-on-year increase in its operating revenue for FY25, reaching ₹1,144 crore, as per its annual report released on Wednesday.
The Gurugram-headquartered at-home services platform turned profitable during the fiscal year, posting a net profit of ₹240 crore—marking a dramatic shift from the ₹93 crore loss it recorded in FY24.
A ₹211 crore deferred tax credit recognized in FY25 largely drove this remarkable turnaround in the company’s financial performance. Nevertheless, even without accounting for this credit, Urban Company achieved a pre-tax profit of ₹28 crore, reflecting strong operational gains and improved cost efficiencies.
In a letter, the company’s cofounders Abhiraj Singh Bhal, Raghav Chandra and Varun Khaitan wrote, “The core service offerings on our platform, i.e., home and beauty services, continue to grow, thereby providing us with the capacity to invest in the expansion of newer categories.”
In April, Urban Company submitted its draft red herring prospectus (DRHP) to SEBI for a ₹1,900 crore initial public offering (IPO). The proposed offering includes a fresh issue of shares worth ₹429 crore, with the remaining amount coming through an offer for sale by existing shareholders.
With a strong financial turnaround in FY25, a significant jump in revenue, and its recent IPO filing, Urban Company appears well-positioned for its next phase of growth. The move to go public not only reflects investor confidence but also signals the company’s ambition to scale operations and strengthen its leadership in the at-home services market.
