UCUrban Company544515Quarterly results

Board approves Q2 and H1 FY26 results, up to ₹2,500 crore fundraise, postal ballot and AC business exploration

Board met on October 16, 2026 and approved unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026; auditors B S R & Co. LLP gave an unmodified limited review conclusion.

By ScoutQuest · Fri 16 Oct 2026, 4:08 PM IST · 4 min read

Total income YoY

+40.2%

Period

Quarter ended September 30, 2026

Board meeting outcome, October 16, 2026

The Board of Urban Company Limited met on Friday, October 16, 2026 and approved four items: the unaudited financial results for the quarter and half year ended September 30, 2026, a proposal to raise funds, a postal ballot notice for shareholder approval, and an in-principle approval to explore a new line of business.

What the Board approved

• Unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, with the limited review reports issued by the statutory auditors taken on record.
• A proposal to raise funds by issuing equity shares and/or other securities convertible into equity shares (including warrants, or otherwise), fully convertible debentures with or without warrants, and/or convertible preference shares, or any combination, in one or more tranches, in Rupee denomination.
• The aggregate amount is not exceeding ₹2,500 crore (Indian Rupees two thousand five hundred crore only), inclusive of any premium.
• Modes mentioned: preferential allotment and/or private placement, including one or more qualified institutions placements, or any other permissible mode.
• A postal ballot notice for seeking members' approval by remote e-voting, by way of a special resolution, for the fund raising.
• In-principle approval to explore residential air conditioners as a new line of business under the Native segment.

Points to note on the fund raise

• The issue is subject to approval of the shareholders by way of postal ballot and to such regulatory/statutory approvals as may be required.
• No securities have been issued as at the date of these financial results and the terms of issue are yet to be finalised.

New line of business

• The Company believes the residential air conditioners category offers potential as a new line of business under the Native segment, and that this category represents a large market in which the Company already services millions of units annually, giving it first-hand insights into existing product gaps and customer needs.
• The commercial launch of the business, and any related capital expenditure, will be subject to further evaluation and the specific approval of the Board.

Auditor's conclusion

• B S R & Co. LLP reviewed the consolidated statement. Based on its review, nothing came to its attention that causes it to believe the statement, prepared in accordance with Ind AS 34 and other accounting principles generally accepted in India, has not disclosed the information required or contains any material misstatement.
• The conclusion is unmodified. The review is substantially less in scope than an audit and the auditors do not express an audit opinion.
• The statement includes the unaudited financial results of one trust that has not been reviewed; as per the Parent's management these are not material to the Group, and the conclusion is not modified in respect of this matter.

Results at a glance (consolidated, unaudited; amounts in ₹ crore)

• Quarter ended September 30, 2026: Revenue from operations 537.29; Total income 578.45; Total expenses 745.67; Loss for the period 182.48.
• Quarter ended June 30, 2026: Revenue from operations 528.34; Total income 566.17; Loss for the period 92.12.
• Quarter ended September 30, 2025: Revenue from operations 380.03; Total income 412.66; Loss for the period 59.33.
• Half year ended September 30, 2026: Revenue from operations 1,065.63; Total income 1,144.62; Loss for the period 274.60; Total comprehensive loss 268.26.
• Half year ended September 30, 2025: Revenue from operations 747.30; Total income 811.15; Loss for the period 52.39.
• Loss per share (face value ₹1 each, not annualised): 1.20 basic and diluted for the quarter; 1.80 for the half year.

Segment picture (quarter ended September 30, 2026, ₹ crore)

• India consumer services (excluding InstaHelp): revenue 336.38, segment result 43.39.
• Native: revenue 105.37, segment result (7.95).
• International business: revenue 75.00, segment result 5.74.
• InstaHelp: revenue 20.54, segment result (173.12).

Balance sheet and cash (consolidated, ₹ crore)

• Total assets 2,653.95 as at September 30, 2026, against 2,702.31 as at March 31, 2026.
• Total equity 1,979.84, against 2,143.59.
• Paid-up equity share capital 148.28.
• Cash and cash equivalents 121.31 at the end of the half year, against 119.69 at the beginning.

Other notes in the results

• Other income for the quarter includes ₹7.68 crore received towards full and final settlement of the Group's insurance claim for inventory destroyed in a fire at a leased warehouse at Bhiwandi, Maharashtra; the Group had recognised a loss of ₹9.11 crore in the previous financial year.
• During the half year, the ESOP Trust transferred ~2.06 crore equity shares of ₹1/- each pursuant to exercise of stock options under the Employee Stock Option Plan, 2015.
• Share based payment expense for the half year was ₹94.19 crore, against ₹48.11 crore in the same period a year earlier.
• A step-down subsidiary in Saudi Arabia was formally dissolved on May 24, 2026; accumulated Foreign Currency Translation Reserve of ₹5.27 crore was reclassified to the Statement of Profit and Loss as an exceptional item in the quarter ended June 30, 2026.
• The Partner Welfare Trust, which administered the Partner Stock Ownership Plan, 2022, was dissolved with effect from July 30, 2026, with all shares held by the Trust sold and the proceeds remitted to beneficiaries.

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