WeWork India Q2 Profit Rises 219% to About Rs 20.4 Crore
The flexible workspace provider's Q2 FY27 revenue rose about 34% to about Rs 768 crore.
Key Takeaways
- Consolidated net profit was about Rs 20.4 crore, up about 219% year on year.
- Revenue from operations rose about 34% to about Rs 768 crore.
- The company had net cash of Rs 23.1 crore against net debt of Rs 310.5 crore a year earlier.
- It added 11,700 desks and now has 145,300 desks across 85 centres.
- Occupancy was 83.7% and members rose 32.5% to 121,700.
WeWork India Management reported a consolidated net profit of about Rs 20.4 crore for the September 2026 quarter (Q2 FY27), up about 219% from about Rs 6.4 crore a year earlier. Revenue from operations rose about 34% to about Rs 768 crore.
Total income was about Rs 786 crore and total expenses were about Rs 767 crore. The company also moved to a net cash position of Rs 23.1 crore at the end of September 2026, against net debt of Rs 310.5 crore a year earlier.
WeWork India Q2 FY27 at a glance
| Detail | Value |
|---|---|
| Quarter | July to September 2026 (Q2 FY27) |
| Revenue from operations | About Rs 768 crore, up about 34% year on year |
| Total income | About Rs 786 crore |
| Total expenses | About Rs 767 crore, up about 32% |
| Consolidated net profit | About Rs 20.4 crore, against about Rs 6.4 crore a year earlier |
| Net cash at end-September 2026 | Rs 23.1 crore (net debt of Rs 310.5 crore a year earlier) |
| Desks added in the quarter | 11,700 |
| Operational capacity | 145,300 desks, up 26.9% year on year |
| Centres | 85 in eight cities |
| Members | 121,700, up 32.5% year on year |
| Portfolio occupancy | 83.7% |
The IGAAP-equivalent numbers differ from the statutory profit
Alongside its statutory results, WeWork India also reported figures on an IGAAP-equivalent basis, which is not the statutory presentation. On that basis, profit after tax was Rs 65.8 crore, up 67.4% from a year earlier, and total revenue was Rs 768.7 crore, up 31.6%.
EBITDA on the same basis was Rs 162.9 crore, up 37.6%, with a margin of 21.2%.
How WeWork India added desks and members in the quarter
WeWork India is a flexible workspace provider. In the quarter it added 11,700 desks, taking its operational capacity to 145,300 desks across 85 centres in eight cities. That is 26.9% more than a year earlier.
The company had 121,700 members at the end of the quarter, up 32.5% from a year earlier, and portfolio occupancy stood at 83.7%. Its operational area is about 9.8 million sq ft.
WeWork India's profit picture over the past year
| When | What happened |
|---|---|
| September 2025 quarter | Consolidated net profit of about Rs 6.4 crore |
| End-September 2025 | Net debt of Rs 310.5 crore |
| September 2026 quarter | Consolidated net profit of about Rs 20.4 crore on revenue of about Rs 768 crore |
| End-September 2026 | Net cash of Rs 23.1 crore |
Where WeWork India stands after Q2 FY27
WeWork India ended September 2026 with net cash of Rs 23.1 crore, against net debt of Rs 310.5 crore a year earlier. It now runs 145,300 desks across 85 centres in eight cities, with 121,700 members and portfolio occupancy of 83.7%. Its consolidated net profit for the quarter was about Rs 20.4 crore on revenue from operations of about Rs 768 crore.
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