WeWork India narrows Q1 loss as demand for flexible offices grows

WeWork India reported a sharp improvement in its financial performance for the first quarter of FY27, with its net loss narrowing to ₹4.3 crore from ₹14.1 crore a year earlier, as higher demand for flexible workspaces drove strong growth in revenue and operating profit.Revenue rose 27.7% year-on-year to ₹705 crore from ₹535.3 crore, while EBITDA increased 30.4% to ₹438 crore from ₹336 crore. The company’s EBITDA margin improved to 64.04% from 62.7% in the corresponding quarter last year.

Operationally, WeWork India expanded its network to 79 centres across eight cities, with 9.1 million sq. ft. of operational space and a total committed footprint of 12 million sq. ft., including signed leases and letters of intent. During the quarter, it added around 7,000 desks, taking its operational capacity to 133,600 desks, up 17.1% year-on-year.
The company said it also laid the groundwork to add nearly 28,000 desks in FY27, aiming to meet long-term enterprise demand.Commenting on the results, Managing Director and CEO Karan Virwani said WeWork India began investing ahead of demand during the quarter to support future growth while maintaining healthy occupancy, resilient margins and strong cash generation.

Virwani also highlighted the launch of Member Services on July 15, a platform designed to provide members with access to business partners, enterprise solutions and commercial benefits.

Shares of WeWork India Management Ltd ended 1.85% higher at ₹734 on the NSE on Thursday, July 16, ahead of the company’s first-quarter FY27 earnings announcement.

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