Indian tech startup Urban Company has reported a 38 percent rise in operating revenue for the financial year 2024-2025. The operating profit rose to Rs. 1,144.5 crore and it posted a net profit of Rs. 240 crores. To compare, Urban Company posted a Rs. 93 crore loss in the previous financial year and 2024-2025 marks as the first year that the company has turned profitable. This is beneficial for Urban Company, given that its IPO round is just around the corner.  According to the annual report, Urban Company had a sharp turnaround in FY2025, thanks to the Rs. 211 crore tax credit. Even if this isn’t taken into consideration, the company boasts of a pre-tax profit of Rs. 28.6 crore. Urban Company accredits operational efficiency and revenue growth as prime driving factors.The report reveals that Urban Company clocked around 6.8 million customer transactions in the year across 17 service categories. This includes salon treatments, spa treatments, appliance repairs, pest control, and more. The net transaction value was at Rs. 3,115 crores in FY25. Urban Company operates in India, Singapore, UAE, and Saudi Arabia.India remains Urban Company’s largest market with Rs. 997 crore revenue, while the income earned from international markets was at Rs. 147 crore. The total income was at Rs. 1,261 for FY 25 with Rs. 117 crore coming in from interest income and mutual fund realisations.Urban Company says that its platform service contribute to 65 percent of the income, which was up by 32.5 percent year-on-year at Rs. 742 crores. Membership revenue say a year-on-year increase of 7.7 percent at Rs. 98 crore. Urban Company’s own water purifiers were also a hit with a revenue generation of Rs. 116 crore in FY25, up from Rs. 29 crore in FY24.Urban Company is preparing to go public and it filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for a public issue of Rs 1,900 crore. This comprises a Rs. 1,471-crore offer for sale by existing shareholders and a Rs. 429-crore fresh issue.