WeWork India Q1 FY27 Revenue Surges 28.5% YoY to ₹698 Cr; PAT Jumps 533.3%
WeWork India reported Q1 FY27 results with revenue up 28.5% YoY to ₹698 Cr and PAT surging 533.3% to ₹53.2 Cr. EBITDA grew 69.3% to ₹138.3 Cr. The company expanded to 79 centres and plans to add 28,000 desks in FY27. It also launched 'Member Services' on July 15, 2026.
The announcement details substantial financial growth, strategic expansion plans, and new service launches, all of which are material to investors and indicate a significant positive development for the company's market position and future prospects.
The company reported strong year-on-year growth in revenue, EBITDA, and PAT, alongside significant expansion in its operational footprint and planned capacity additions, indicating positive business performance and growth trajectory.
WeWork India Management Limited announced its unaudited financial results for the first quarter ended June 30, 2026. The company reported a significant year-on-year increase in revenue, which grew by 28.5% to ₹698.0 Cr. EBITDA saw a substantial rise of 69.3% to ₹138.3 Cr, with EBITDA margins at 19.8%. Profit After Tax (PAT) surged by 533.3% to ₹53.2 Cr, resulting in PAT margins of 7.6%.
During the quarter, WeWork India expanded its operational footprint to 79 centres across eight cities, covering 9.1 million sq. ft. of operational area and a total committed footprint of 12 million sq. ft. The company added approximately 7,000 desks, increasing operational desk capacity to 133.6k desks (+17.1% YoY), while occupied members grew to 113.4k (+29.9% YoY). The company plans to add nearly 28,000 desks in FY27 to support long-term enterprise demand.
Free Cash Flow from Operations increased by 176.1% YoY to ₹141.9 Cr. Return on Capital Employed (ROCE) remained healthy at 28.6%. The company also launched a new initiative, 'Member Services', on July 15, 2026, an industry-first platform connecting members with business solutions through a partner ecosystem.
Karan Virwani, Managing Director & CEO, WeWork India, stated that the company entered FY27 from a position of strength and has begun investing ahead of demand for its next growth cycle. He highlighted that despite accelerated capacity additions, healthy occupancy, resilient margins, and strong cash generation were maintained. He also emphasized the strong structural tailwinds for flexible workspaces in India.
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See the model portfoliosA plain-language summary of a public exchange filing by WeWork India Management Limited. Read the original for the full detail.