WeWork India Reports Strong Q1 FY27 Growth with 533% Surge in Profit After Tax

WeWork India Reports Strong Q1 FY27 Growth with 533% Surge in Profit After Tax​

WeWork India Management Limited has announced its financial results for the first quarter of FY27 ended June 30, 2026, highlighting a period of significant growth and the commencement of a new capacity expansion cycle. The company reported a substantial increase in profitability and revenue while expanding its operational footprint across India.

During the quarter, WeWork India saw its revenue rise to ₹ 698.0 Cr, representing a 28.5% year-on-year (YoY) increase. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) grew by 69.3% YoY to reach ₹ 138.3 Cr. Notably, the company reported a 533.3% surge in Profit After Tax (PAT), which stood at ₹ 53.2 Cr.

The company's financial performance during Q1 FY27 is summarized in the table below:

Operational Expansion and Occupancy​

WeWork India expanded its operational footprint to 79 centres across eight cities, covering a total of 9.1 million sq. ft. of operational area. The company's total committed footprint, which includes signed leases and letters of intent (LOIs), stands at 12 million sq. ft., marking a 29.9% YoY increase.

To support long-term enterprise demand, the company added approximately 7,000 desks during the quarter, bringing the total operational desk capacity to 133.6k desks (+17.1% YoY). Despite these additions, occupied members grew by 29.9% YoY to reach 113.4k. The portfolio maintained a healthy occupancy rate of 84.9%, with mature centres reaching 87.5% occupancy.

Strategic Growth and Managed Offices​

The company has initiated a new investment cycle for FY27, with plans to add nearly 28,000 desks. This expansion is designed to meet growing demand while maintaining margin discipline. In terms of sales velocity, the company recorded an increase of 28.3% YoY, with 12.7k desks sold compared to 9.9k in the previous year.

The managed office segment also showed strong momentum, with over 5.1 lakh sq. ft. of mandates delivered and signed during the quarter. Notable highlights include:

• The delivery of a bespoke workspace in Hyderabad for a global technology and engineering firm.
• New managed office mandates signed with an American multinational IT company and a leading compliance intelligence firm.

The company also launched new premium networks, including WeWork Embassy Vertex, WeWork Embassy Tech Village Zinnia 8C in Bengaluru, and WeWork Bharti Worldmark 6 in Gurugram.

Financial Health and New Services​

WeWork India maintains an A+ credit rating with a cost of borrowing at 8.5%. The Return on Capital Employed (ROCE) remained healthy at 28.6%. The company also reported a Free Cash Flow from Operations of ₹ 141.9 Cr, representing a 1.03x EBITDA conversion.

On July 15, 2026, the company launched Member Services, an industry-first platform designed to connect members with a curated network of trusted business partners and enterprise-grade solutions.

WEWORK Stock Price Movement​

WeWork India Management Limited shares rallied 1.85% to close at ₹734.00 today. The stock saw significant activity with a total volume of 546,095 shares traded during the session.