WeWork India Q2 FY27 Revenue Jumps 31.6% to ₹768.7 Cr; PAT Surges 67.4%
WeWork India reported strong Q2 FY27 results with revenue up 31.6% YoY to ₹768.7 Cr and PAT surging 67.4% YoY to ₹65.8 Cr. The company added 11.7k desks in Q2, its largest-ever capacity addition. H1 FY27 revenue grew 30.1% YoY to ₹1,466.7 Cr, with PAT up 149.5% YoY to ₹119.0 Cr. Member growth outpaced capacity expansion.
The announcement details substantial financial performance improvements, record operational expansion, and a strengthened balance sheet, indicating a significant positive impact on the company's market position and investor confidence.
The company reported significant year-on-year growth in revenue, EBITDA, and PAT, coupled with record capacity expansion and strong member growth. The shift to a net cash position and improved ROCE further reinforce the positive sentiment.
WeWork India Management Limited announced strong financial results for the second quarter and half-year ended September 30, 2026. For Q2 FY27, revenue increased by 31.6% year-on-year to ₹768.7 crore, with a 10.1% sequential growth. EBITDA grew 37.6% year-on-year to ₹162.9 crore, and EBITDA margins improved to 21.2%. Profit After Tax (PAT) surged 67.4% year-on-year to ₹65.8 crore, with PAT margins at 8.6%.
During the first half of FY27, revenue rose 30.1% year-on-year to ₹1,466.7 crore. EBITDA grew 50.6% year-on-year to ₹301.2 crore, with margins expanding to 20.5%. PAT increased by 149.5% year-on-year to ₹119.0 crore, with margins improving to 8.1%.
The company also achieved its largest-ever capacity expansion, adding 11.7k desks in Q2 FY27 and 18.4k desks in H1 FY27, taking its operational capacity to 145.3k desks. Member growth outpaced capacity growth, with 8.3k members added in Q2 FY27, bringing the total to 121.7k members (+32.5% YoY). Free Cash Flow from Operations increased 149.2% year-on-year to ₹237.7 crore in Q2 FY27. Return on Capital Employed (ROCE) improved to 34.5%. The company also reported a net cash position of ₹23.1 crore, compared to a net debt of ₹310.5 crore a year ago.
Karan Virwani, Managing Director & CEO, WeWork India, highlighted the company's role in shaping India's flexible workspace sector and its ability to serve diverse business needs. He emphasized that the Q2 performance validates the strength of their model, with strong member growth, revenue, profitability, and free cash generation despite significant capacity expansion.
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WeWork India Management Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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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.