WeWork India Financial Results for Q1 FY27

WeWork India has revealed its financial outcomes for the quarter concluding in June 2026 (Q1 FY27). The managed office space provider recorded an impressive 28% year-on-year increase in operating revenue for this period, with EBITDA climbing over 30% to reach Rs 438 crore.

Revenue Growth Details

The operational revenue of WeWork India surged to Rs 684 crore in Q1 FY27, compared to Rs 535 crore during the same quarter of the previous fiscal year, as per its consolidated financial statements obtained from the NSE. Income from managed workspaces and related services remained the sole source of operating revenue for the company. Additionally, the firm reported Rs 17 crore in other income, which includes finance income, leading to a total income of Rs 701 crore for the quarter.

Quarterly Comparison

On a quarter-on-quarter basis, the company’s operational revenue experienced a decline of 2%, dropping from Rs 696 crore in Q4 FY26.

Expenditure Overview

When examining expenditures, depreciation and amortisation associated with leases constituted the largest expense at Rs 283 crore, a 27% jump compared to the previous year. Finance-related costs were noted at Rs 176 crore, while expenses for employee benefits increased by over 23% to Rs 58 crore. Consequently, total expenses rose by 5% to Rs 705 crore in Q1 FY27.

Bottom Line Performance

The company’s losses shrank by 71%, narrowing to Rs 4 crore in Q1 FY27 from Rs 14 crore in the same quarter last year. Significantly, EBITDA saw a robust increase of more than 30% to Rs 438 crore, with an EBITDA margin of 64%.

Market Valuation

At the conclusion of Thursday’s trading session, shares of WeWork India settled at Rs 734, culminating in a total market capitalisation of Rs 10,173 crore ($1.07 billion).