Home-services platform Urban Company , which listed on the bourses in September, reported a net loss of Rs 59.3 crore for the July–September quarter, compared with a profit of Rs 7 crore in the previous quarter and a loss of Rs 1.8 crore in the same period last year. The company attributed the loss primarily to upfront investments in scaling its newly launched vertical, Insta Help, which provides professionals for daily cleaning services in 15 minutes.

According to the company, an adjusted Ebitda loss of Rs 44 crore in its Insta Help vertical pushed the overall adjusted Ebitda loss to Rs 35 crore in Q2, compared with a loss of Rs 30 crore in the year-ago period. Excluding Insta Help, Urban Company recorded a positive adjusted Ebitda of Rs 10 crore.

Consolidated revenue from operations

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