WeWork India Q4 FY26: Revenue ₹2,477 Cr (+23.4% YoY), PAT ₹179 Cr (+133.7% YoY)
WeWork India reported record FY26 revenue of ₹2,477.4 Cr (+23.4% YoY) and PAT of ₹179 Cr (+133.7% YoY). Q4 FY26 revenue was ₹709.9 Cr (+28.6% YoY), with PAT at ₹79.6 Cr (+141.9% YoY). Portfolio occupancy reached an all-time high of 86.9%. The company achieved net debt negativity for the first time and projects ₹1,885 Cr locked-in revenue for FY27.
The financial results show strong growth across key metrics, including revenue, profit, and occupancy. Achieving net debt negativity and a positive outlook for the next fiscal year indicate a substantial positive impact on the company's financial standing and investor confidence.
The company reported significant year-on-year growth in revenue and profits, achieved record occupancy, became net debt negative, and has a strong forward-looking order book, indicating positive financial health and future prospects.
WeWork India Management Limited has announced its financial results for the fourth quarter and full year ended March 31, 2026. The company reported a record total revenue of ₹2,477.4 crore for FY26, marking a 23.4% year-on-year increase. EBITDA reached ₹499.2 crore with a 20.2% margin, up 23.1% YoY. Profit After Tax (PAT) for FY26 stood at ₹179.0 crore, showing a significant 133.7% year-on-year growth with a 7.2% margin.
For the fourth quarter of FY26, WeWork India's total revenue was ₹709.9 crore, up 28.6% YoY. EBITDA for the quarter was ₹164.7 crore with a 23.2% margin, an increase of 42.8% YoY. PAT for Q4 FY26 surged by 141.9% YoY to ₹79.6 crore, with the margin expanding by 525 bps YoY.
Key operational highlights include a record portfolio occupancy of 86.9% at the end of FY26, up 1,010 basis points year-on-year. The company also achieved net debt negativity for the first time in its history, with ₹11.7 crore in surplus cash. Free Cash Flow from Operations (FCFO) for FY26 was ₹585.5 crore, up 44.3% YoY. The company's Return on Capital Employed (ROCE) for FY26 was 28.3%, an increase of 317 basis points YoY. The cost of borrowing decreased by 225 basis points to 8.5%, and the credit rating was upgraded to A+.
The company also highlighted its strategic evolution into a full-stack platform, offering enterprise-grade infrastructure, in-house design and build services, and technology-enabled operations. The WeWork India app was launched, integrating the member network onto a single digital layer to enhance member stickiness and create new revenue optionality. Managed Office, a primary channel for GCC demand, and Rivet, the design and build service, were emphasized as standalone growth engines.
Looking ahead, WeWork India is preparing for FY27 with a strong order book, projecting ₹1,885 crore in locked-in core revenue, an increase of 38.1% compared to the entry position for FY26. The company anticipates AI to reshape rather than shrink office demand, citing historical trends and India's strong position in the global AI economy.
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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.