WeWork India Reports Revenue of ₹585 Crore, 17.2% Growth YoY in Q2 26
Filing Summary
WeWork India Management Limited reported its unaudited financial results for Q2 FY26, showing a revenue increase of 17.2% year-on-year to ₹ 585 crore. The company achieved an IGAAP equivalent EBITDA of ₹ 118 crore, marking a 45% quarter-on-quarter rise. Ind AS PAT was recorded at ₹ 6 crore. The operational portfolio spans 7.7 million sq ft across 70 centers in eight cities, with an occupancy rate of 80.2%. The company also reported a free cash flow from operations of ₹ 95 crore and a return on capital employed of 22.2%.
WeWork India Management Limited announced its unaudited financial results for the second quarter of the fiscal year 2026. The company reported a revenue of ₹ 585 crore, reflecting a 17.2% increase compared to the same period last year. The results highlight a significant growth in financial performance driven by strong enterprise demand and high occupancy rates across its national portfolio.
The company achieved an IGAAP equivalent EBITDA of ₹ 118 crore, which represents a 45% increase quarter-on-quarter and a 15.8% rise year-on-year. The EBITDA margin expanded to 20.3%. The IGAAP equivalent PAT was ₹ 39 crore. Under Ind AS, the company reported an EBITDA of ₹ 390 crore with a 66.8% margin and recorded its first-ever Ind AS PAT-positive quarter at ₹ 6 crore. The free cash flow from operations stood at ₹ 95 crore, and the return on capital employed improved to 22.2%.
WeWork India’s operational portfolio includes 7.7 million square feet across 70 centers in eight cities, with an asset under management (AUM) of 10 million square feet, including letters of intent. The company manages 115,000 desks with an occupancy rate of 80.2%. Enterprise clients contributed approximately 73% of the revenue, with half of the new sales coming from existing members expanding their space. Mature centers operated at an 84.2% occupancy rate, and the renewal rate was 78%. The average membership tenure increased by 17% year-on-year to 27 months.
The company reported that its WeWork India App saw 13,972 installs and nearly 10,000 bookings since its launch in mid-October 2025. The app has a 4.9-star rating. WeWork India is also making progress on its sustainability agenda, with goals of achieving 100% renewable energy by 2027 and 90% waste diversion by 2028.
WeWork India enters the second half of FY26 with plans to expand its capacity. The company has about 11,000 desks under fit-out, 3,000 desks awaiting landlord handover, and 15,000 desks under letters of intent. This expansion will extend its presence beyond the current capacity of 7.7 million square feet, taking the AUM to 10 million square feet. The company aims to deepen its presence in Tier-1 Grade-A micro-markets while scaling its digital ecosystem and value-added services.
WeWork India, launched in 2017, is a leading premium flexible workspace operator in India. The company has expanded across eight cities, including Chennai, New Delhi, Gurugram, Noida, Mumbai, Bengaluru, Pune, and Hyderabad, with 70 operational centers. WeWork India focuses on providing customized and curated solutions for various office space needs.