Results · Professional & Local Services

Urban Company shares surge on Morgan Stanley upgrade

By Startup Enthusiast · 3 August 2026

What they do

Urban Company runs a marketplace for home services like cleaning and repairs

Shares jumped 17.7% after Morgan Stanley upgraded the stock to 'Overweight' and raised its target price

The company reported a net loss of ₹92.1 Cr in Q1 FY27, but revenue grew 43.9% to ₹528.3 Cr

Urban Company's shares rose 17.7% intraday to ₹152.20 and closed 13.2% higher at ₹146.50 on BSE.
Morgan Stanley upgraded the stock to 'Overweight' and raised its target price to ₹165 from ₹128.
The company reported a consolidated net loss of ₹92.1 Cr in Q1 FY27, compared to a net profit of ₹6.9 Cr a year ago.
Revenue grew 43.9% year-on-year to ₹528.3 Cr.
Adjusted EBITDA loss was ₹65 Cr, driven by investments in InstaHelp, its instant home services platform.
InstaHelp generated 3.82 million orders in Q1, up 43% sequentially.
Urban Company invested ₹132 Cr in InstaHelp during the quarter, which posted an adjusted EBITDA loss of ₹132 Cr.
CEO Abhiraj Singh Bhal said InstaHelp is strategically important to shift customer engagement from monthly or quarterly to weekly.

InstaHelp's addressable market is estimated at ₹7,000 Cr to ₹12,000 Cr across India's top 15 cities.
InstaHelp is unlikely to turn profitable over the next five years due to structurally lower margins than the core business.
The core India consumer services business crossed ₹1,000 Cr quarterly NTV for the first time, reaching ₹1,056 Cr, up 29% YoY.
Core business adjusted EBITDA margin improved to 6.9% from 5.2% a year ago.
The company guided for consolidated adjusted EBITDA breakeven by Q3 FY28 and ₹1,000 Cr adjusted EBITDA by FY31.

Urban Company operates a marketplace for home services including cleaning, repairs, beauty, and pest control.
It connects customers with trained service professionals through its app and website.
The company makes money by taking a commission on each service booked through its platform.
It operates in India, UAE, Singapore, and Saudi Arabia.
International business NTV grew 76% YoY, with UAE and Singapore operations profitable.
The Saudi Arabia joint venture is expected to move towards profitability in coming quarters.
The company had ₹2,019 Cr in cash and treasury investments at the end of June quarter.
InstaHelp crossed 1 lakh delivered orders in a single day on August 2.
Competitors in instant home services include Snabbit and Pronto.
In July, InstaHelp, Snabbit, and Pronto together processed about 5 million orders.