WeWork India reports Rs 6.4 crore net profit in Q2 FY26

WeWork India Management Limited, one of the country’s leading premium flexible workspace operators, reported its strongest quarter to date, delivering record revenue and profitability for the three months ended September 2025 (Q2 FY26).

The company’s total income rose to Rs 585.5 crore, a growth of 17.2% year-on-year and 7.3% sequentially, driven by sustained enterprise demand and high occupancy across its national portfolio. IGAAP-equivalent EBITDA climbed to Rs 118.4 crore, up 45% quarter-on-quarter and 15.8% from a year earlier, expanding margins to 20.3%. IGAAP-equivalent profit after tax stood at Rs 39.3 crore.

Under IndAS accounting standards, WeWork India reported EBITDA of Rs 390.9 crore, translating to a 66.8% margin, and achieved its first-ever IndAS PAT-positive quarter with Rs 6.4 crore in profit. The company generated Rs 95.4 crore in free cash flow from operations and improved its Return on Capital Employed to 22%.

Last year’s net profit of Rs 203.7 crore was unusually high due to a one-time deferred tax credit, which inflated the comparative base. Adjusted for that, this quarter reflects a solid operational performance and improved profitability metrics.

Founded in 2017, WeWork India currently operates 70 centres across 8 major cities, covering 7.7 million square feet. The company plans to expand further in the second half of FY26, with 11,000 desks under fit-out, another 3,000 awaiting landlord handover, and 15,000 under letters of intent. This will take its managed portfolio to nearly 10 million square feet, reinforcing its leadership in India’s premium flexible workspace segment.

Karan Virwani, CEO and Managing Director, said, “With record revenue, expanding margins, and our first IndAS PAT-positive quarter, we’ve demonstrated that flexibility and profitability can coexist at scale. This quarter reflects strong improvement in operating leverage and profitability, with IGAAP EBITDA up 45.0% QoQ and ROCE strengthening to 22.2%. We’re evolving beyond physical spaces into a full-stack ecosystem of workspace solutions, services, and technology. WeWork India is creating sustainable environments that empower organisations and impact communities to do their best work.”