WeWork India Q4 profit rises 80 pc, revenue up at Rs 715 cr

WeWork India Management Ltd reported an 80% increase in its consolidated net profit to Rs 65.55 crore for the quarter ended March, driven by rising demand for managed office spaces.

Realty firm WeWork India Management Ltd on Thursday reported an 80 per cent increase in its consolidated net profit to Rs 65.55 crore for the quarter ended March on better income amid rising demand for managed office spaces.

Its profit stood at Rs 36.51 crore in the year-ago period.

Total income rose to Rs 715.35 crore in the fourth quarter of 2025-26 fiscal from Rs 554.87 crore in the corresponding period a year ago, according to a regulatory filing.

During the 2025-26 fiscal, the company's net profit declined to Rs 74.43 crore from Rs 127.39 crore in the preceding financial year.

Total income increased to Rs 2,490.42 crore in FY26 from Rs 2,024 crore in FY25.

Launched in 2017, WeWork India Management operates 76 co-working centres, comprising 8.6 million sq ft area across eight cities - Bengaluru, Mumbai, Gurugram, Pune, Hyderabad, Chennai, Noida and New Delhi.

On the performance, WeWork India MD and CEO Karan Virwani said the ''adoption of flex deepened across enterprise segments, and we continued to lead from the front while delivering on every commitment we made to the market.''.

During the last fiscal year, he said, the company got listed on the stock exchanges and turned net debt negative for the first time. The company continued expanding its footprint with pricing discipline and strong occupancy across centres.

''What is increasingly visible now is the strength of the compounding flywheel we have built, where occupancy, premiumisation and operating leverage continue to reinforce profitability, cash generation and returns on capital quarter after quarter,'' Virwani said.

WeWork India is part of Bengaluru-based real estate firm Embassy Group.