WeWork India Management Ltd

We Work India Management announced that the 10th Annual General Meeting(AGM) of the company will be held on 24 August 2026.

The company's net loss narrowed to Rs 4.31 crore in Q1 FY27 from a loss of Rs 14.10 crore in Q1 FY26. However, on a sequential basis, it slipped into a loss from a profit of Rs 65.55 crore reported in Q4 FY26. Revenue from operations increased 27.74% YoY but declined 1.76% QoQ to Rs 683.83 crore in the June 2026 quarter. Pre-tax loss stood at Rs 4.06 crore in Q1 FY27, compared with a loss of Rs 14.15 crore in Q1 FY26 and a pre-tax profit of Rs 44.01 crore in Q4 FY26. On the cost front, total expenditure increased 22.99% YoY to Rs 245.85 crore. Employee expenses rose 23.09% YoY to Rs 58.26 crore. Finance costs increased 29.11% YoY to Rs 176.14 crore while depreciation expense rose 26.53% YoY to Rs 282.78 crore. The company reported IGAAP-equivalent operating metrics separately. Revenue increased 28.5% YoY to Rs 698 crore, EBITDA rose 69.3% YoY to Rs 138.3 crore, while PAT surged 533.3% YoY to Rs 53.2 crore. EBITDA margin improved to 19.8% (+478 bps YoY) and PAT margin to 7.6% (+608 bps YoY). Free cash flow from operations rose 176.1% YoY to Rs 141.9 crore, while return on capital employed stood at 28.6%. Operationally, WeWork India expanded its footprint to 79 centres across eight cities, with 9.1 million sq. ft. of operational area and a total committed footprint of 12 million sq. ft. The company added nearly 7,000 desks during the quarter, taking operational desk capacity to 133,600 desks, while members increased to 113,400, resulting in occupancy of 84.9%. The company plans to add nearly 28,000 desks during FY27 as part of its expansion strategy. During the quarter, WeWork India launched three new centres in Bengaluru and Gurugram. It also strengthened its managed office business, delivering and signing mandates covering over 5.1 lakh sq. ft. and launched Member Services, a platform offering enterprise-grade business solutions through partner networks. Managing director and CEO Karan Virwani said the company entered FY27 from a position of strength and has begun investing ahead of demand to support long-term growth while maintaining healthy occupancy, resilient margins and strong cash generation. WeWork India Management is India's leading premium flexible workspace operator and has been the largest operator by total revenue for the past three fiscal years. The company operates 79 centres across 9.1 million sq. ft. in eight cities - Bengaluru, Mumbai, Gurugram, Pune, Hyderabad, Chennai, Noida and New Delhi - serving over 113,000 members across Fortune 500 companies, global capability centres (GCCs), enterprises and startups. Powered by Capital Market - Live

Net Loss of Wework India Management reported to Rs 4.31 crore in the quarter ended June 2026 as against net loss of Rs 14.10 crore during the previous quarter ended June 2025. Sales rose 27.74% to Rs 683.83 crore in the quarter ended June 2026 as against Rs 535.31 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales683.83535.31 28 OPM %64.0562.66 - PBDT278.84209.39 33 PBT-3.94-14.10 72 NP-4.31-14.10 69 Powered by Capital Market - Live

We Work India Management will hold a meeting of the Board of Directors of the Company on 16 July 2026.

Wework India Management has allotted 13,87,228 equity shares under ESOP on 30 May 2026. Consequently, the paid up equity share capital has increased to Rs 1,38,58,11,800/- comprising of 13,85,81,180 equity shares of Rs 10 each.

Revenue from operations increased 29.05% YoY to Rs 696.06 crore in Q4 FY26. The company reported pre-tax profit of Rs 44 crore in Q4 FY26 compared with pre-tax loss of Rs 13.36 crore in Q4 FY25. EBITDA stood at Rs 469.5 crore in Q4 FY26, registering the growth of 12.54% compared with Rs 417.2 crore in Q4 FY25. EBITDA margin improved to 65.6% in Q4 FY26 as against 64.8% in Q4 FY25. On full year basis, the company's consolidated net profit declined 41.57% to Rs 74.43 crore despite 25.19% jump in revenue from operations to Rs 2,440.18 crore in FY26 over FY25. Karan Virwani, managing director & CEO, WeWork India, said, 'FY26 was a defining year for both the industry and WeWork India. 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 year, we listed on the stock exchanges, more than doubled PAT, turned net debt negative for the first time in our history, and continued expanding our footprint with pricing discipline and strong occupancy across centres. We are building a full-stack platform that enables enterprises to scale - combining infrastructure, technology-enabled operations, design, flexibility and capital efficiency into a single integrated offering. As India cements its position at the centre of the global AI and GCC economy, the need for agile, scalable and experience-led workspaces will only accelerate. AI is not replacing the office; it is intensifying collaboration, innovation and talent density, making flexibility even more critical to how companies operate. WeWork India is one of India's leading premium flexible workspace operators. Since its inception, WeWork India has expanded across 8 cities in Chennai, New Delhi, Gurugram, Noida, Mumbai, Bengaluru, Pune, and Hyderabad, with 76 operational centres spanning 8.6 million square feet (as of March 2026).Powered by Capital Market - Live

Net profit of Wework India Management rose 79.49% to Rs 65.55 crore in the quarter ended March 2026 as against Rs 36.52 crore during the previous quarter ended March 2025. Sales rose 29.05% to Rs 696.06 crore in the quarter ended March 2026 as against Rs 539.37 crore during the previous quarter ended March 2025. For the full year,net profit declined 41.58% to Rs 74.43 crore in the year ended March 2026 as against Rs 127.40 crore during the previous year ended March 2025. Sales rose 25.19% to Rs 2440.18 crore in the year ended March 2026 as against Rs 1949.21 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales696.06539.37 29 2440.181949.21 25 OPM %64.6863.70 -64.4963.41 - PBDT311.15211.22 47 1024.69712.85 44 PBT44.01-13.36 LP 57.23-110.88 LP NP65.5536.52 79 74.43127.40 -42 Powered by Capital Market - Live

We Work India Management will hold a meeting of the Board of Directors of the Company on 21 May 2026.

WeWork India Management announced the signing of five large-scale, long-term lease agreements across Bengaluru, Hyderabad, and Chennai, totaling over 700,000 sq. ft. of Grade A office space. One of the company's largest expansions to date, this milestone strengthens WeWork India's leadership in South India and reinforces its position as a preferred partner for both enterprise occupiers and institutional landlords. The company currently operates 37 centres across the region, highlighting its scale in India's fastest-growing office markets. The five new centres - WeWork Embassy TechVillage 8C, WeWork Vista Earth Centre, and WeWork Infinix Palladium in Bengaluru; WeWork Phoenix H10 in Hyderabad; and WeWork Embassy Splendid in Chennai will collectively add ~12,000 desks to the company's portfolio. Structured through long-term commitments ranging from 10 to 20 years, these partnerships signal both confidence in sustained demand and underscore the sector's evolution towards more stable, partnership-led growth models. Furthermore, by partnering with five distinct landlords across cities and micro-markets, WeWork India is enabling asset owners to future-proof their buildings with high-quality workspace solutions, while simultaneously offering enterprises a consistent, design-led product across locations. The expansion spans five landmark developments across the region and is being delivered in partnership with leading landlords - Embassy Office Parks, Madhu Ventures & Vista Spaces, Inspira Builders and Phoenix Group Hyderabad. This scale of collaboration reflects a broader market shift, with asset owners increasingly partnering with established operators like WeWork India to address rising enterprise demand for high-quality, flexible workspaces.

Wework India Management has entered into a leave and license agreement for an additional 41,621 square feet, resulting in a further increase in its operational capacity at Pune. The incremental capacity will add approximately 575 desks to the existing capacity of 1,21,638 desk for an investment of Rs 9 crore. Powered by Capital Market - Live