Results · Professional & Local Services

WeWork India reports second consecutive profitable quarter

By Startup Enthusiast · 27 January 2026

What they do

WeWork India operates flexible workspaces and managed offices across 8 cities

It reported Q3 FY26 profit of about ₹52 crore, revenue of ₹634 crore, and occupancy of 83.9%

The company targets 10.3 million sq ft by March 2027 and had its credit rating upgraded to ICRA A

WeWork India reported its Q3 FY26 financial results, marking its second consecutive profitable quarter.
The company posted a profit after tax of about ₹17 crore, compared to a loss of ₹83 crore in the same quarter last year.
Operating revenue stood at ₹643.8 crore, up 10% from the previous quarter's ₹574.7 crore.
Total income was ₹644 crore, and total expenses were ₹624.5 crore.
IGAAP EBITDA reached ₹134.6 crore, up 48% year-on-year, with an EBITDA margin of 21%.
Free cash flow from operations was ₹203.8 crore, and return on capital employed was 32.6%.
Portfolio occupancy improved to 83.9% from 80.2% in Q2 FY26 and 77.3% a year ago.
The company added 7,100 desks in the quarter and inaugurated three new centres in Pune, Mumbai, and Chennai.

WeWork India is the largest flexible workspace operator in India by total revenue for the past three fiscal years.
The company's credit rating was upgraded to ICRA A (Stable) from ICRA A- (Stable) in January 2026.
It serves over 100 global capability centres (GCCs) across tech, pharma, BFSI, and retail sectors.
The company's dual-model strategy combines managed offices (single-tenant, 4-5 year lock-in) and WeWork-branded flexible workspaces (multi-client, breakeven at ~55% occupancy).

WeWork India operates flexible workspaces and managed offices across 8 cities: Chennai, New Delhi, Gurugram, Noida, Mumbai, Bengaluru, Pune, and Hyderabad.
It has 79 centres with 1.34 lakh desks and over 110,000 members as of June 30, 2026.
The company's assets under management (AUM) cover 8.2 million sq ft across 73 centres, with 11.4 million sq ft including letters of intent.
Enterprise clients contribute 74% of revenue, and Managed Office segment accounts for 21% of portfolio revenue.
Private Offices & Managed Office segment generated ₹429 crore, or 83.4% of total revenue.
Value Added Services revenue was ₹50.7 crore (13.5% of total), and Digital Products revenue was ₹16.1 crore (3.1% of total).
Revenue from core operations comes 63% from international markets and 34% from the tech sector.
The company offers a wide range of products: Dedicated Offices, Flexible Access, Managed Office, All Access, Day Pass, Meeting Rooms, Virtual Office, Events, and Design & Build (Rivet by WeWork India).
WeWork India was launched in 2017 and is Great Place to Work-Certified™.

WeWork India targets 8.7 million sq ft by March 2026 and 10.3 million sq ft by March 2027.
The company's total planned capacity is approximately 11.4 million sq ft and 1.71 lakh desks.