📈 Live Market Tracking
AI-Powered NSE Corporate Announcements Analysis
WeWork India Q3 FY26: PAT Surges 511% YoY to ₹52 Cr; Revenue Hits Record ₹640 Cr
WeWork India reported a record-breaking Q3 FY26 with total revenue reaching ₹640.3 crore, a 27% YoY increase. Profitability saw a massive jump as PAT rose 511.8% YoY to ₹52 crore, driven by operational leverage and high occupancy levels of 83.9%. The company demonstrated strong capital efficiency with ROCE improving to 32.6% and a low Net Debt to EBITDA ratio of 0.25x. The Managed Office segment and GCC demand remain key growth drivers, with a future supply pipeline of 11.4 million square feet already in place.
Key Highlights
Quarterly Revenue grew 27% YoY to ₹640.3 crore with EBITDA margins expanding to 21.0%
PAT witnessed an exponential growth of 511.8% YoY to ₹52 crore excluding exceptional items
Operational desk capacity increased to 121.6k across 73 centres in 8 cities with 83.9% occupancy
Return on Capital Employed (ROCE) improved significantly to 32.6% from 17.3% a year ago
Operating cash flows stood at ₹203.8 crore, representing a strong 1.5x EBITDA conversion
💼 Action for Investors
The company is demonstrating strong structural profitability and efficient capital deployment, making it a compelling play on the flex-office trend in India. Investors should monitor the execution of the 11.4 MSF supply pipeline and continued adoption by Global Capability Centers (GCCs).
WeWork India Q3 FY26 PAT Surges 512% YoY to ₹52 Cr; Revenue Up 27%
WeWork India reported a robust Q3 FY26 with revenue reaching ₹640.3 crore, a 27% YoY increase driven by higher capacity and improved occupancy. Net profit (PAT) saw a massive jump of 511.8% YoY to ₹52 crore, reflecting strong operating leverage and a shift towards high-margin managed offices. Portfolio occupancy improved to 83.9%, while the managed office segment now contributes 21% to the total revenue mix. The company generated significant free cash flow of ₹203.8 crore, comfortably funding its expansion through internal accruals.
Key Highlights
Revenue grew 27% YoY to ₹640.3 crore, with EBITDA margins expanding to 21.0%
PAT increased by 511.8% YoY to ₹52.0 crore, showcasing high earnings conversion
Portfolio occupancy reached an all-time high of 83.9%, up 660 bps YoY
Managed Office revenue contribution doubled to 21% in two years, reaching a ₹500 Cr annualized run-rate
Free Cash Flow from operations surged 113.7% QoQ to ₹203.8 crore
💼 Action for Investors
Investors should note the strong growth in managed offices and the massive PAT surge as signs of a maturing, profitable business model. The high ROCE of 32.6% and self-funded growth through internal accruals make it a compelling play in the flexible workspace sector.
WeWork India Q3 FY26: PAT Surges 511% YoY to ₹52 Cr; Revenue Up 27% to ₹640 Cr
WeWork India reported its strongest quarter yet in Q3 FY26, with revenue growing 27% YoY to ₹640.3 crore. Profitability saw a massive jump, with IGAAP equivalent PAT surging 511.8% YoY to ₹52 crore, driven by strong enterprise demand and operational efficiency. EBITDA margins expanded to 21% as the company benefited from mature centers and high occupancy levels of 83.9%. Additionally, the company received a credit rating upgrade to [ICRA] A (Stable), reflecting a strengthened financial profile and robust cash flows.
Key Highlights
Revenue grew 27% YoY to ₹640.3 crore, while IGAAP EBITDA rose 47.6% YoY to ₹134.6 crore.
Net Profit (PAT) skyrocketed by 511.8% YoY to ₹52 crore, with EBITDA margins improving to 21%.
Operational portfolio reached 8.2 million sq ft across 73 centers with a healthy occupancy rate of 83.9%.
Free cash flow from operations stood at ₹203.8 crore, and ROCE improved significantly to 32.6%.
ICRA upgraded the company's credit rating to [ICRA] A (Stable) from [ICRA] A- (Stable) in January 2026.
💼 Action for Investors
The stock is likely to react positively to the exponential growth in PAT and the credit rating upgrade. Investors should monitor the execution of the 11.4 million sq ft expansion pipeline and the sustainability of the 21% EBITDA margins.
WeWork India Q3 FY26 Net Profit at ₹150.6M; Revenue Grows 29% YoY
WeWork India reported a significant turnaround in Q3 FY26, posting a net profit of ₹150.64 million compared to a loss of ₹836.25 million in the same quarter last year. Revenue from operations grew by 28.9% year-on-year to ₹6,319.33 million, reflecting strong demand in the managed workspace segment. This is the company's first full quarter of results following its successful listing on the stock exchanges in October 2025. Despite a one-time exceptional charge of ₹42.94 million related to new labour codes, the company achieved a 104% sequential growth in profit compared to the previous quarter.
Key Highlights
Revenue from operations increased 28.9% YoY to ₹6,319.33 million from ₹4,900.56 million.
Turned profitable with a Net Profit of ₹150.64 million vs a loss of ₹836.25 million in Q3 FY25.
Sequential (QoQ) profit growth of 104% from ₹73.87 million in the September 2025 quarter.
Recognized a one-time exceptional expense of ₹42.94 million for employee benefit provisions under new Labour Codes.
Successfully listed on NSE/BSE on October 10, 2025, following a ₹29,996.43 million IPO (Offer for Sale).
💼 Action for Investors
The turnaround from loss to profitability post-listing is a strong signal of operational efficiency and scale. Investors should monitor the company's ability to maintain occupancy levels and manage finance costs, which remain a significant expense at ₹1,523.25 million.