Urban Company (URBANCO) Q4 21/22 earnings summary

Executive summary

• FY22 consolidated revenue from operations rose 77% YoY to ₹43,757.57 lakh; consolidated loss widened to ₹51,414.48 lakh from ₹24,927.52 lakh.ocument-source]0ocument-source]

• Operations spanned 55 cities across India, UAE, Australia, Singapore and Saudi Arabia; the platform had delivered 33 million bookings and offered 50+ home and beauty service types.ocument-source]1ocument-source]

• COVID-related disruption in Q1 and Q4 FY22 affected activity; the business rebounded within a quarter after the second wave, supported by safety measures and growth in cleaning and disinfection.ocument-source]1ocument-source]

Financial highlights

• Consolidated total income reached ₹50,917.47 lakh, including ₹7,159.90 lakh of other income, versus ₹28,978.19 lakh and ₹4,212.79 lakh, respectively, in FY21.ocument-source]26ocument-source]

• Consolidated total expenses rose to ₹102,331.95 lakh from ₹53,905.71 lakh; employee benefit expense was ₹44,386.27 lakh, including ₹20,287.26 lakh of ESOP expense.ocument-source]26ocument-source]

• Standalone revenue from operations increased to ₹29,766.64 lakh from ₹23,928.17 lakh; standalone loss widened to ₹40,437.79 lakh from ₹20,738.36 lakh.ocument-source]0ocument-source]

• Consolidated basic and diluted EPS was -₹0.10 versus -₹0.05; standalone EPS was -₹0.08 versus -₹0.04.ocument-source]59ocument-source]

• Consolidated operating cash outflow was ₹31,511.40 lakh, versus ₹14,095.01 lakh in FY21.ocument-source]28ocument-source]

Outlook and guidance

• The board expressed confidence in future prospects, citing a strong position in online home and beauty services; no numerical forward guidance was stated.ocument-source]1ocument-source]

• COVID-related asset recoverability assumptions were based on internal and external information; operations, financial condition and liquidity were to remain under monitoring.ocument-source]72ocument-source]