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Managed office space provider WeWork India has announced its financial results for the quarter ended September 2026 (Q2 FY27). The company posted 33.8% year-on-year growth in operating revenue during the period, while profit surged over 3X. WeWork India’s revenue from operations rose 33.8% year-on-year to Rs 768 crore in Q2 FY27 from Rs 574 crore in the corresponding quarter of the previous fiscal, according to its consolidated financial statements sourced from the NSE. For the first half of FY27, The company’s revenue from operations increased 30.8% to Rs 1,452 crore from Rs 1,110 crore in H1 FY26. Income from managed workspace and allied services remained the company’s sole source of operating revenue. It also reported Rs 18 crore in other income, taking its total income to Rs 786 crore during the quarter, compared with Rs 585.5 crore in Q2 FY26. On the expenditure front, depreciation and amortisation related to leases remained the largest cost head at Rs 314 crore, up 35.9% year-on-year. Finance costs increased 14.4% to Rs 175 crore, while employee benefit expenses also increased 16.7% to Rs 56 crore. Operating expenses surged 52% to Rs 194.5 crore, while other expenses climbed 44.7% to Rs 27.5 crore. As a result, WeWork India’s total expenses increased 32.5% to Rs 767 crore in Q2 FY27. At the bottom line, WeWork India reported a profit of Rs 20.44 crore in Q2 FY27, up 219.4% from Rs 6.4 crore in the corresponding quarter last fiscal. For the first half of FY27, the company posted a profit of Rs 16.37 crore, compared with a loss of Rs 7.74 crore in H1 FY26. At the end of Monday’s trading session, WeWork India shares closed at Rs 622.55 apiece, giving the company a market capitalisation of Rs 8,751 crore.
document fetched 2026-10-27 02:57