Urban Company: loss narrowed in FY24, posted pre-tax profit in Q1

At-home services platform Urban Company posted a nearly 30% increase in net revenue to Rs 827 crore for the financial year ended March 31, 2024. Its loss before tax narrowed to Rs 93 crore from Rs 312 crore in FY23, according to an annual business summary shared by the company.

The Gurugram-based company recorded Rs 281 crore in revenue for the April-June period, or the first quarter, of this fiscal year, with a profit before tax (PBT) of Rs 12 crore, the business summary showed.