WeWork Turns Profitable In Q2, Posts INR 6.4 Cr PAT

Coworking space provider WeWork India attained profitability in Q2 FY26, posting a consolidated profit after tax (PAT) of INR 6.4 Cr as against a net loss of INR 31.5 Cr in the year-ago quarter. The company had posted a net loss of INR 14.2 Cr in the preceding June quarter.

Operating revenue surged 22% YoY and 7% QoQ to INR 574.7 Cr during the quarter under review. Including other income of INR 10.8 Cr, total income for the quarter stood at INR 585.5 Cr. Meanwhile, total expenses rose 9% YoY to INR 579 Cr.

The coworking space provider’s Ind-AS EBITDA for the quarter rose 19% YoY to INR 390.9 Cr. The company said it “delivered record profitability” in the quarter on the back of a strong demand.

“With record revenue, expanding margins, and our first IndAS PAT-positive quarter, we’ve demonstrated that flexibility and profitability can coexist at scale. This quarter reflects strong improvement in operating leverage and profitability, with IGAAP EBITDA up 45% QoQ and ROCE strengthening to 22%,” WeWork India MD and CEO Karan Virwani said.

(The story will be updated soon)

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