WeWork India reported its first profitable quarter in Q2 FY26 with a profit after tax of ₹6.4 crore, reversing last year’s loss of ₹31.5 crore. The coworking leader saw revenues jump 22% year-on-year to ₹574.7 crore, driven by robust demand, operational efficiency, and expanding margins across key flex office markets.
WeWork India has reached a turning point in its growth journey, reporting a consolidated profit after tax (PAT) of ₹6.4 crore for the second quarter of FY26. This marks a remarkable comeback from a net loss of ₹31.5 crore in the same quarter last year, and ₹14.2 crore in the preceding quarter.
The coworking giant’s operating revenue climbed to ₹574.7 crore — a 22% year-on-year and 7% quarter-on-quarter increase — reflecting the rising adoption of flexible workspaces among enterprises and mid-sized firms. Including other income of ₹10.8 crore, total income stood at ₹585.5 crore for the quarter, while expenses rose modestly by 9% to ₹579 crore.
Strong Operational Performance and Expanding Margins
WeWork India’s Ind-AS EBITDA surged 19% year-on-year to ₹390.9 crore, signalling a steady improvement in operational leverage. The company attributed this performance to strong occupancy levels, disciplined cost control, and growing demand from its enterprise customers.
“With record revenue, expanding margins, and our first IndAS PAT-positive quarter, we’ve demonstrated that flexibility and profitability can coexist at scale,” said Karan Virwani, Managing Director and CEO of WeWork India. “This quarter reflects strong improvement in operating leverage and profitability, with IGAAP EBITDA up 45% QoQ and ROCE strengthening to 22%.”
Flexibility Meets Financial Discipline
The results underscore a broader trend in India’s coworking landscape — where operators are transitioning from growth-driven expansion to sustainable profitability. WeWork India’s financial discipline and scalable model demonstrate how flexible office providers can strike a balance between expansion and operational resilience.
The company’s focus on hybrid work models, long-term enterprise partnerships, and efficient space utilisation continues to shape its path toward consistent profitability. With this milestone, WeWork India reinforces the growing confidence in the flexible workspace industry’s ability to thrive beyond pandemic recovery cycles.
