WeWork India Reports Strongest Quarter Yet in Q3FY26

New Delhi, January 28, 2026: Premium flexible workspace operator WeWork India Management Limited has announced a strong financial and operational performance for Q3 FY26, delivering a record-breaking quarter driven by established profitability and consistent growth across revenue streams. The Company reported revenue of INR 640.3 crore, up 27.0 per cent year-on-year and 9.6 per cent sequentially, driven by rising enterprise demand and high occupancy across its national portfolio.

IGAAP equivalent EBITDA increased to INR 134.6 crore, registering 47.6 per cent year-on-year and 13.7 per cent quarter-on-quarter growth, with margins expanding to 21.0 per cent. IGAAP equivalent PAT stood at INR 52 crore. Free cash flow from operations rose to INR 203.8 crore, while Return on Capital Employed (ROCE) improved to 32.6 per cent, underscoring superior returns driven by disciplined capital deployment and balance sheet strength. The company continued to strengthen its financial profile through disciplined capital deployment and improving unit economics, reinforcing its long-term growth and profitability trajectory.

WeWork India’s suite of services and products played a critical role in driving robust growth in Q3 FY26 through diversified revenue streams. The Company’s core operations – workspace as a service, including Private Office and Managed Office, contributed 83.4 per cent revenue. Managed Office continues to scale at a steady pace alongside the overall portfolio, now contributing ~21 per cent of the overall portfolio revenue. Value-added services accounted for 13.5 per cent of the revenue, whereas digital products, including Workplace, All Access, On Demand & Virtual Office, contributed 3.1 per cent towards Q3 FY26 revenue.

Operational Highlights

• Operational portfolio of 8.2 million sq ft across 73 centres in 8 cities, with AUM of 11.4 million sq ft (including LOIs), signalling the Company’s market leadership with accelerating scale and occupancy.
• 1.22 lakh desks under management with 83.9 per cent occupancy.
• Enterprise clients contributed ~74 per cent of revenue, with a significant portion of new sales coming from existing members expanding.
• Mature centres operated at ~86.6 per cent occupancy.

Commenting on the performance, Karan Virwani, Managing Director & CEO, WeWork India, said, “Q3 FY26 represents our strongest quarter to date, with record revenue and EBITDA. Our PAT surged over 5x YoY, demonstrating accelerating profitability and the strength of our business model. Improved occupancy, higher contribution from mature centers, and strong enterprise demand have enabled us to expand EBITDA margins by 293 basis points YoY while maintaining operational discipline. As we continue to scale responsibly with over 100K members now on our platform, our focus remains on profitable growth, technology-led differentiation, and sustainable portfolio expansion. With a robust supply pipeline, diversified enterprise client base, and improving unit economics, WeWork India is well-positioned to sustain growth momentum and continue delivering long-term value to its stakeholders.”

WeWork India’s future capacity pipeline is highly disciplined. From the current 8.2 million sq. ft. and ~123,000 desks of total capacity, nearly 40 per cent of incremental growth is already locked in through signed leases and LOIs. This takes the total planned capacity to ~11.4 million sq. ft. and ~171,000 desks over time, with a phased ramp to 8.7 million sq ft. by March 2026 and 10.3 million sq ft. by March 2027, and an additional supply for FY27 in active conversation. The Company will continue to deepen its presence in Tier-I Grade-A micro-markets while scaling a comprehensive product ecosystem spanning flexible workspaces, fully managed offices, and digital solutions. With offerings designed to serve enterprises, startups, and individuals alike, the platform is positioned to cater to any workspace requirement, across sizes, commitment tenures, and use cases, through a single, integrated solution, supported by value-added services that enhance customer stickiness and drive sustainable growth. WeWork India further plays a key role delivering workspaces fully tailored to the needs of GCCs setting up in India. With over 100+ GCCs, the member base spans mid-market to large enterprises across technology, pharma, BFSI, retail, and more. The company has also curated a network of specialised partners including Embark, Trigent Software, Zyoin Group and Bridgepath Innovations among others.

During the quarter, WeWork India continued to strengthen its leadership position in India’s flex industry, supported by sustainable growth momentum. The Company delivered an impactful quarter driven by established profitability, while continuing to build excellence through technology, impact, and culture. WeWork India also crossed the milestone of 100K members during the quarter, reflecting continued scale and portfolio strength.