WeWork India H1FY27 net profit rockets 150%, revenue surges 30%
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WeWork India’s first-half FY27 net profit surged 149.5% to Rs 119 crore, while revenue grew 30.1% to Rs 1,466.7 crore. Capacity expansion, rising memberships, stronger cash flows and improved margins supported growth and strengthened its financial position.
WeWork India Management, a flexible workspace operator, has reported a 149.5% year-on-year increase in net profit to Rs 119 crore in the first half of financial year 2026-27, while revenue rose 30.1% to Rs 1,466.7 crore, supported by higher member additions and capacity expansion.Operating profit grew 50.6% year-on-year to Rs 301.2 crore during the six months ended September 30, with margins expanding 279 basis points to 20.5%. Net profit margin improved 388 basis points to 8.1%.
In the second quarter, net profit increased 67.4% year-on-year to Rs 65.8 crore, while revenue rose 31.6% to Rs 768.7 crore. Operating profit grew 37.6% to Rs 162.9 crore, with margins expanding 92 basis points to 21.2%.
The company added 18,400 desks during the first half, its largest-ever half-year capacity addition. Of these, 11,700 desks were added in the second quarter, taking operational capacity to 145,300 desks, up 26.9% year-on-year. A further 4,500 desks became operational in the first week of October.
WeWork India’s member base grew 32.5% year-on-year to 121,700 in the second quarter, after adding 8,300 members during the period. Over the past 12 months, the company added 29,800 members against capacity additions of 30,800 desks, with member additions equivalent to 97% of the desks added.
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Free cash flow from operations rose 156.6% year-on-year to Rs 379.8 crore in the first half, enabling the company to fund its capital expenditure through operating cash flows. In the second quarter, free cash flow from operations increased 149.2% to Rs 237.7 crore, equivalent to 1.5 times operating profit.
Return on capital employed improved to 34.5%, while the company moved to a net cash position of Rs 23.1 crore from net debt of Rs 310.5 crore a year earlier. Its cost of borrowing remained at 8.5%.
Global capability centres contributed 40.8% of core revenue, while digital products revenue grew 45.6% year-on-year to Rs 29.2 crore in the second quarter.
The company’s operational footprint reached 9.8 million sq ft across 85 centres in eight cities, while its total committed footprint, including signed leases and letters of intent, stood at 13 million sq ft. Mature centre occupancy was 87.7%, while overall portfolio occupancy stood at 83.7%.
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Figures reflect the source report and its stated period. This article is for information and is not investment advice.
