WeWork India earnings rose sharply in the first half of fiscal 2027, with net profit increasing 149.5% year over year to Rs 119 crore and revenue rising 30.1% to Rs 1,466.7 crore. Growth was supported by higher member additions and expanded workspace capacity.

Key Takeaways

  • First-half operating profit rose 50.6% to Rs 301.2 crore, with the margin widening to 20.5%.
  • The company added a record 18,400 desks during the six months ended September 30, 2026.
  • WeWork India moved to net cash of Rs 23.1 crore from net debt of Rs 310.5 crore a year earlier.

WeWork India earnings and margins

Net profit grew faster than revenue in the six months ended September 30, 2026. The net profit margin improved by 388 basis points to 8.1%, while the operating margin expanded by 279 basis points.

In the second quarter, net profit rose 67.4% year over year to Rs 65.8 crore and revenue increased 31.6% to Rs 768.7 crore. Operating profit grew 37.6% to Rs 162.9 crore, with the operating margin widening 92 basis points to 21.2%.

Desk additions and occupancy

Of the 18,400 desks added in the first half, 11,700 were added in the second quarter. Operational capacity reached 145,300 desks, up 26.9% year over year. Another 4,500 desks became operational in the first week of October.

The member base rose 32.5% year over year to 121,700 in the second quarter, after 8,300 members were added during the period. Over the preceding 12 months, member additions of 29,800 were equivalent to 97% of the 30,800 desks added.

The operational footprint reached 9.8 million square feet across 85 centres in eight cities. The total committed footprint, including signed leases and letters of intent, was 13 million square feet. Mature centre occupancy was 87.7%, compared with 83.7% across the overall portfolio.

Cash flow and revenue mix

Free cash flow from operations rose 156.6% year over year to Rs 379.8 crore in the first half, enabling the company to fund capital expenditure through operating cash flows. Second-quarter free cash flow from operations increased 149.2% to Rs 237.7 crore.

Return on capital employed improved to 34.5%, and the cost of borrowing remained at 8.5%. Global capability centres contributed 40.8% of core revenue, while second-quarter digital products revenue grew 45.6% year over year to Rs 29.2 crore.

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