Urban Company, a Gurugram, Haryana-based home services marketplace, reported a consolidated net profit of ₹239.8 crore in FY25, marking a turnaround from a ₹92.7 crore loss in FY24. The company, which filed for a ₹1,900 crore IPO in April 2025, also saw its revenue surge 38.2% to ₹1,144.5 crore, supported by India and international business growth, deferred tax assets recognition, and improved operational efficiency.
Urban Company, a leading home services marketplace based in Gurugram, Haryana, has reported a consolidated net profit of ₹239.8 crore for the financial year ending March 31, 2025, marking a sharp turnaround from a loss of ₹92.7 crore in FY24. The company also recorded a 38.2% year-on-year increase in revenue, totaling ₹1,144.5 crore.
Urban Company, which offers a wide range of home services including cleaning, grooming, appliance repair, and more, filed for a ₹1,900 crore initial public offering (IPO) in April 2025. The issue includes a ₹429 crore fresh issue and a ₹1,471 crore offer for sale by existing shareholders.
A significant contributor to Urban Company’s net profit was the recognition of deferred tax assets worth ₹211 crore. Operational efficiency and scaling in both domestic and international markets also played a crucial role. The company’s adjusted EBITDA turned positive at ₹11.1 crore, compared to a loss of ₹119 crore in FY24. Its profit before tax stood at ₹28.6 crore.
In India, the platform generated ₹881.4 crore in revenue, a 24.2% increase year-on-year. With over 45,600 active monthly service professionals, the majority of the company’s revenue—82%—came from repeat users. The average monthly earnings for service professionals stood at ₹26,407, with top performers earning up to ₹49,000.
Urban Company’s hardware division, Native, which focuses on smart home devices like RO purifiers and door locks, tripled its revenue to ₹116 crore. The vertical, launched in FY23, saw strong traction and contributed ₹155.5 crore in Net Transaction Value (NTV).
Its international business, primarily in the UAE and Singapore, posted a revenue of ₹147 crore—up 63.9%. While the UAE segment turned EBITDA positive with a ₹1.7 crore profit, the broader international operations saw an EBITDA loss of ₹36.8 crore. The company exited direct operations in Saudi Arabia, forming a 50:50 joint venture with local partner SMASCO.
Earlier in 2025, Urban Company transitioned into a public limited entity and executed a significant bonus share issuance at a 2,499:1 ratio to prepare for its listing.
Urban Company’s strong financial performance positions it as a key player among India’s consumer tech IPOs in 2025.
