WeWork India posted a consolidated net profit of ₹20.4 Cr in the September quarter of FY27, up 219% from ₹6.4 Cr a year earlier, and reversing a ₹4.1 Cr loss in the previous quarter. Operating revenue grew 33.6% to ₹767.8 Cr, while total expenses rose 32.4% to ₹766.9 Cr, trailing income growth.
On an IGAAP-equivalent basis, net profit climbed 67.4% to ₹65.8 Cr. EBITDA rose 37.6% to ₹162.9 Cr, with margin expanding to 21.2% from 20.3%. Value-added and digital services grew 38% to ₹108.8 Cr, outpacing 31.7% growth in core revenue.
The company added a record 11,700 desks during the quarter, lifting capacity 26.9% to 145,300 desks across 85 centres in eight cities. Members rose 32.5% to 1,21,700, and occupancy reached 83.7%, up 357 bps yearly but down 114 bps sequentially as new capacity fills. Global capability centres contributed 40.8% of core revenue. Around 4,500 more desks went live in early October.
Looking ahead, the expansion pipeline includes over 9,000 desks under signed leases and more than 38,000 under letters of intent, taking planned capacity to 1,90,000-1,95,000 desks. Contracted core revenue also jumped 66% to ₹3,843 Cr. The company ended September with a net cash position of ₹23.1 Cr, against net debt of ₹310.5 Cr a year ago. CEO Karan Virwani said most of the ongoing capex cycle is now operational, which should help support operating leverage as centres mature.
