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Urban Company turns profitable in FY25, reports Rs 240 crore profit ahead of planned IPO
- Urban Company, a home services platform, became profitable in FY25 with a net profit of Rs 240 crore, a major improvement from the previous year's loss.
- Operating revenue surged by 38.2% to Rs 1,144 crore, driven by improved operational efficiency and cost control.
- The company's platform services accounted for 65% of the revenue, rising to Rs 742 crore, while revenue from Native-branded water purifiers tripled to Rs 116 crore.
- India operations contributed Rs 997 crore, international markets Rs 147 crore, and additional income came from interest and mutual funds.
- Total expenses increased to Rs 1,223 crore, with cost discipline maintained in major categories despite the rise.
- Profitability was driven by the consumer services vertical in India, while losses were incurred in the water purifier segment and international operations.
- Urban Company filed its Draft Red Herring Prospectus (DRHP) for a Rs 1,900 crore IPO, signaling plans to go public.
- Recent initiatives include 'InstaHelp' for on-demand domestic assistance and expansion into smart locks under the Native product line.
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