Results · Enterprise Software & IT

WeWork India reports Q4 FY26 net profit of Rs 66 crore

What they do

WeWork India provides managed office spaces and allied services to businesses across multiple cities

The company posted an 80% year-on-year increase in quarterly net profit to Rs 66 crore

Net debt turned negative for the first time, showing the company holds more cash than liabilities

WeWork India reported Rs 66 crore net profit for Q4 FY26, marking an 80% year-on-year increase.
Quarterly revenue reached Rs 696 crore, reflecting a 29.1% growth compared to the previous year.
Full-year FY26 revenue stood at Rs 2,440 crore, while annual net profit fell by 41.6% to Rs 74.9 crore.
The company achieved positive free cash flow of Rs 585.5 crore for the full fiscal year.
EBITDA (earnings before interest, tax, depreciation, and amortization) margin improved to 23.2% in Q4 from 20.9% previously.
WeWork India's portfolio occupancy rate rose to 86.9% in Q4 FY26, up significantly from the prior year.
Mature centres within the portfolio maintained a high occupancy level of 88.9% during the quarter.
The member base crossed 1.1 lakh, with operational desk capacity increasing by 15.8% year-on-year.
Assets under management grew by 39% to 11.6 million square feet, including signed leases and letters of intent.
Net debt turned negative for the first time.
Shares surged 18.97% to Rs 580 on the BSE following the announcement of these results.
Locked-in core revenue for FY27 is projected at Rs 1,885 crore, showing a 38.1% increase.
Average enterprise commitment duration stands at 28 months, providing visibility into future recurring income.

The market reacted positively with shares rising nearly 19% after the results were announced.
Redseer research indicates India's flex office stock will grow from 103 million sq ft to 236 million sq ft by 2030.
MD/CEO Karan Virwani is positioning the company as a broader enterprise infrastructure platform.
The company is focusing on serving Global Capability Centers (GCCs) and AI-driven enterprises.

WeWork India operates as a managed workspace provider offering flexible office solutions.
It has a single reportable segment focused on managed workspace and allied services.
The company currently manages 79 centres located across 8 cities in India.
Operational desk capacity stands at 134,000 desks serving over 110,000 members.
In FY26, the company sold 48,000 desks, representing a 19.8% year-on-year increase.
Leasing activity totaled 3.3 million square feet during the fiscal year 2026.
Physical infrastructure includes signed leases and letters of intent totaling 11.6 million square feet.

Locked-in core revenue for FY27 is projected at Rs 1,885 crore, a 38.1% increase.
Average enterprise commitment duration stands at 28 months, providing revenue visibility.
The company plans to continue expanding its footprint to serve GCCs and AI enterprises.