WeWork posts Rs 575 Cr revenue and Rs 6 Cr profit in Q2 FY26

Managed office space provider WeWork India has announced its financial results for Q2 FY26 after debuting on Indian stock exchanges last month. The company posted a profit of Rs 6.4 crore in the second quarter.

The company’s revenue from operations grew 23% year-on-year to Rs 575 crore in Q1 FY26 from Rs 469.5 crore in the same quarter last year, according to its financial statement sourced from NSE.

Other income contributed an additional Rs 10.5 crore which drove its total income of Rs 585.5 crore for the quarter. On a half-yearly basis, the firm’s revenue increased 21% to Rs 1,110 crore in H1 FY26 from Rs 918 crore in H1 FY25.

On the expense side, depreciation was the largest burn which stood at Rs 231 crore, whereas employee benefits expenses increased to Rs 48 crore. Finance costs amounted to Rs 153 crore which pushed the firm’s total cost  to Rs 579 crore in the second quarter. 

WeWork’s profit decreased by 97% to Rs 6.4 crore in Q2 FY26 as compared to Rs 203 crore in Q2 FY25. (It's worth noting that the company had received a deferred tax credit of Rs 235 crore in Q2 FY25, which contributed a PAT of Rs 203 crore.) On a half-yearly basis, the company posted a loss of Rs 8 crore in H1 FY26 as compared to a profit of Rs 174.5 crore in H1 FY25.

WeWork India’s Rs 3,000 crore initial public offering (IPO) was entirely an offer-for-sale (OFS), with the promoter entity, Embassy Buildcon LLP, selling shares worth Rs 2,294 crore, and 1 Ariel Way Tenant, an affiliate of WeWork Global, offloading shares valued at around Rs 706 crore.

WeWork India made a flat debut on Indian stock exchanges, listed at Rs 650 per share, only 0.3% premium over its issue price of Rs 648. On BSE, the stock opened at Rs 646.5

At the end of today’s trading session, WeWork India’s shares closed at Rs 623.9, giving the company a total market capitalization of Rs 8,361 crore ($942 million).