Urban Company Share Price Jump Over 15% after SBI MF Acquires Additional 2,24,93,959 Shares on the BSE
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These transactions indicate that the fund house has increased its holding by around 4 per cent in Urban Company, with a total investment of nearly Rs 632 crore.
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Urban Company shares witnessed a strong rally on Wednesday, March 18, climbing up to 15.43 per cent to Rs 127.10 on the NSE in early trade. The sharp upside followed significant buying activity by SBI Mutual Fund through bulk deals.
According to exchange data, SBI Mutual Fund bought 3,50,63,090 shares at an average price of Rs 109.85 per share on the NSE. In addition, it acquired 2,24,93,959 shares on the BSE at an average price of Rs 109.83 per share.
These transactions indicate that the fund house has increased its holding by around 4 per cent in Urban Company, with a total investment of nearly Rs 632 crore. As per the December quarter (Q3 FY26) shareholding pattern, SBI Mutual Fund earlier held a 1.89 per cent stake in the company.
In terms of financial performance, Urban Company reported a consolidated net loss of Rs 21.3 crore in Q3 FY26, compared to a net profit of Rs 231.8 crore in the corresponding quarter last year. The company attributed this decline to ongoing investments in expanding its quick housekeeping service, InstaHelp. On a sequential basis, however, the loss reduced by 64 per cent from Rs 59.3 crore in Q2 FY26.
Despite the loss, the company posted healthy revenue growth. Revenue from operations rose 33 per cent year-on-year and 1 per cent quarter-on-quarter to Rs 382.7 crore in the December quarter. Including other income of Rs 36.1 crore, total income stood at Rs 418.8 crore, reflecting a 33 per cent increase from the year-ago period.
Urban Company operates a technology-enabled marketplace offering a wide range of home and beauty services. Its platform allows customers to book services such as cleaning, pest control, plumbing, electrical repairs, carpentry, appliance servicing, painting, and personal care services like skincare, grooming, and massage therapy. The company also has an international presence in the United Arab Emirates, Singapore, and the Kingdom of Saudi Arabia.
Disclaimer: The article is for informational purposes only and not investment advice.