Toh bhai, Urban Company ke Q3 FY26 ke numbers aa gaye hain. Unhone apna revenue 42% zyaada kama liya, yaani ₹383 crore ho gaya (Saudi Arabia ko chhod kar). Aur Net Transaction Value (NTV) bhi 36% badh kar ₹1,081 crore ho gaya. Ye growth kaafi solid hai.
India mein, InstaHelp ko chhod dein toh NTV 21% badha aur adjusted EBITDA margins bhi sudhar kar 5.6% ho gaye. Native Business ne toh dhamaal machaya, NTV mein 93% ka zabardast jump dikhaya! Aur UAE & Singapore jaise international markets mein bhi 79% NTV growth mila, aur 2% ka adjusted EBITDA profit bhi aaya.
Ab baat karte hain InstaHelp ki. Ye wala vertical abhi bhi ₹61 crore ka loss de raha hai, 1.61 million orders aur ₹28 crore NTV ke saath. Lekin achhi baat ye hai ki, per order loss kam ho gaya hai, pehle jo lagbhag ₹760 tha woh ab sirf ₹381 reh gaya hai. Improvement hai!
Pura group dekhein toh adjusted EBITDA mein ₹17 crore ka loss hai. Lekin agar InstaHelp ke losses hata dein, toh core business ne ₹44 crore ka adjusted EBITDA profit kamaya hai.
Management ka kehna hai ki India Consumer Services mein margins FY25 se acche rahenge aur long-term mein 9-10% tak ja sakte hain. Goal hai ki poori company Q3 FY28 tak break-even kar le. Ye sab core business ke profit se InstaHelp ke losses cover karke hoga. Aur 2031 tak ₹1,000 crore ka adjusted EBITDA target hai.
Native business mein thoda dip aaya tha kyunki festive sales pehle hi ho gayi thi. Abhi sabse bada risk ye hai ki InstaHelp apne losses kam kar paaye aur FY28 tak break-even ho jaye. Investors yahi dekhenge ki InstaHelp mein loss kitna kam hota hai aur core mein profit kitna badhta hai. FY28 tak break-even unke liye bada milestone hoga.