WeWork India Management Ltd

WeWork India Hits Record Revenue & Profitability in Q2 FY26 🚀 | 21% Capacity Growth & Strong ESG Focus

- Added ~20k desks in 12 months (21.3% YoY growth), now operating 114,527 desks across 70 centers

- Record quarterly revenue: ₹585.5Cr in Q2 FY26 (+7.5% QoQ, +17.2% YoY)

- First-ever Ind AS PAT positive quarter: ₹6.4Cr profit (1.1% margin)

- EBITDA growth: ₹390.9Cr (Ind AS, +18.9% YoY) and ₹118.4Cr (IGAAP, +15.8% YoY)

- Managed Office vertical now contributes 20% of total revenue

- Enterprise clients drive 73.4% of core revenue (24.2% from Fortune 500)

- Strong occupancy: 80.2% portfolio-wide, with mature centers at 84.2%

- Free cash flow surges 85.6% QoQ to ₹95.4Cr

- Net debt at ₹310.5Cr with borrowing costs down to 10.4% (from 15.4% YoY)

- ROCE at 22.2%, showing efficient capital use

- Sustainability targets: 100% renewable energy by 2027, 90% waste diversion by 2028

- Gender diversity: 45.3% women employees, 31.4% at senior levels