Shares of home essential services provider Urban Company Ltd. fell up to 6% after reporting a net loss during the September quarter, its first after going public.

Urban Company reported a net loss of ₹59.3 crore for the second quarter of this fiscal. This compares with a profit of ₹6.9 crore in the preceding quarter and a loss of ₹1.82 crore in the base quarter.

The Gurugram-headquartered platform attributed the loss to substantial upfront spending on its new daily housekeeping vertical, Insta Help, which overshadowed otherwise strong performance in its core services and smart home products businesses.

Its revenue rose 37% year-on-year to ₹380 crore, up from ₹277 crore a year earlier and slightly higher than ₹367 crore in the previous quarter.

Operating expenses rose to ₹462 crore duri

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