WeWork India Q2FY26 Earnings Results: Profit Falls to ₹6.4 Crore but Revenue Jumps to ₹585 Crore

WeWork India Management Ltd posted a sharp drop in its Q2FY26 net profit, falling to ₹6.4 crore from ₹203.74 crore a year ago. Last year’s profit was unusually high because of a deferred tax credit, which created a higher base.

Revenue Growth

Despite the profit decline, total income increased to ₹585.54 crore in the July to September quarter, up from ₹499.47 crore in the same period last year. This shows steady demand for flexible workspaces across major cities.

Business Overview

WeWork India, launched in 2017, offers flexible office spaces to companies and currently operates 70 centres across eight major cities. Its footprint spans 7.8 million square feet.

Expansion Plans

The company said its workspace network will expand further in the second half of FY26. Around 11,000 desks are under fitout, 3,000 desks are awaiting landlord handover, and another 15,000 desks are under LOI. With this, the company expects to scale its portfolio to 10 million square feet.

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Management Commentary

CEO Karan Virwani said Q2 marked an important milestone for WeWork India. He highlighted record revenue, improved margins and the company’s first IndAS PAT-positive quarter. He added that the business is moving beyond just physical spaces toward a full tech-enabled workspace ecosystem that supports organisations and communities.

WeWork India Management Share Price Movement

WeWork India Management share price (NSE: WEWORK) closed at ₹623.90, down 1.27% on November 10. The stock opened at ₹626 and moved between a high of ₹656 and a low of ₹620 during the day. The company has a market capitalisation of ₹8,370 crore and a P/E ratio of 58.56. It does not offer a dividend. Over the past 52 weeks, the stock has traded between ₹601.10 and ₹664.

Conclusion

Even with a fall in net profit due to last year’s unusually high base, WeWork India continues to show strong revenue growth and ambitious expansion plans. With rising demand for flexible and tech-enabled workspaces, the company remains well-positioned for the next phase of growth.

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