Results · Professional & Local Services

WeWork India narrows loss, revenue up 28%

By Startup Enthusiast · 16 July 2026

What they do

WeWork India operates 79 premium flexible workspace centres across eight Indian cities

Q1 FY27 net loss narrowed 71% to ₹4.1 Cr, revenue rose 28% to ₹683.8 Cr

Occupancy reached 84.9%, and the company plans to add 28,000 desks in FY27

WeWork India reported its financial results for the first quarter of FY27, ended June 2026.
Consolidated net loss narrowed 71% to ₹4.1 Cr from ₹14.2 Cr a year ago.
Revenue from operations grew 28% year-on-year to ₹683.8 Cr.
Total expenses rose 26% to ₹704.7 Cr, with depreciation and amortisation as the largest cost at ₹283 Cr.
The company reported total expenses of ₹704.7 Cr and depreciation and amortisation of ₹283 Cr.
Cash flow from operations surged 176%, and net debt-to-EBITDA fell to 0.06x.
Credit rating was upgraded from A- to A+.
Share price fell 6.7% on July 17 after the results, closing at ₹679.

The loss narrowed due to higher revenue and operational leverage as occupancy improved.
Revenue growth was driven by a 28% increase in seat sales and higher occupancy.
The company's credit rating upgrade reflects improved financial health and lower leverage.
Sequential revenue dipped 2% from Q4 FY26, indicating some seasonal softness.

WeWork India is a premium flexible workspace operator with 79 centres across eight cities.
It offers products including Dedicated Offices, Flexible Access, Managed Office, and Virtual Office.
The company serves over 1.1 lakh members and operates 1.34 lakh desks.
It also provides services like Events, Shoots & Studios, Advertising, and Design & Build (Rivet).
Revenue comes from workspace rentals, customisation fees, and ancillary services.
The company is certified as a Great Place to Work.

WeWork India plans to add 28,000 desks in FY27, aiming for total operational capacity of 1.55 lakh desks by March 2027.
The company guided for >20% revenue and EBITDA growth in FY27.
It expects margins to improve as new centres mature.
It launched a 'Member Services' marketplace in its app offering hiring, transport, IT, insurance, and legal services.