WeWork India Reports 31.6% Revenue Growth in Q2 FY27 Amid Record Capacity Expansion
Bengaluru, October 27, 2026: WeWork India Management Limited reported a 31.6% year-on-year increase in Q2 FY27 revenue to Rs 768.7 crore, up from Rs 584.1 crore in the corresponding period last year, according to a company press release detailing its quarterly financial results.
The flexible workspace provider recorded a 37.6% year-on-year increase in EBITDA to Rs 162.9 crore, with margins expanding 92 basis points to 21.2%. Profit after tax (PAT) rose 67.4% year-on-year to Rs 65.8 crore for the quarter ending September 30, 2026. For the first half of FY27, revenue reached Rs 1,466.7 crore, marking a 30.1% increase year-on-year, while H1 PAT surged 149.5% to Rs 119.0 crore.
During the quarter, the company undertook its largest-ever quarterly capacity addition by opening 11,700 desks, bringing its operational capacity to 145,300 desks across 85 centers in eight cities. Operational footprint reached 9.8 million sq. ft., with a total committed footprint of 13.0 million sq. ft. Total member count expanded to 121,700, reflecting a 32.5% year-on-year increase. Global Capability Centres (GCCs) contributed 40.8% of core revenue.
Karan Virwani, Managing Director & CEO, WeWork India, said, “India’s next phase of growth will be shaped by businesses that need to move faster, scale smarter and adapt continuously. The workspace must be built to support that ambition. From GCCs building global capabilities and AI-led businesses scaling new technologies to established enterprises rethinking how they operate, workspace requirements are becoming increasingly diverse. At WeWork India, we have played a defining role in building the country’s premium, branded flexible workspace ecosystem, creating a platform that serves businesses of every size and at every stage of growth. Our strength lies in this breadth of offerings, combined with the scale, consistency and experience that businesses increasingly expect from their workspaces.”
He added, “Our Q2 performance validates the strength of this model. Even as we undertook our largest-ever capacity expansion, member growth remained strong, while revenue, profitability and free cash generation continued to improve. Our H1 performance further demonstrates our ability to invest ahead of demand, absorb significant capacity additions and deliver profitable growth. As India’s business landscape evolves, our ambition remains to shape how the country works, creating workspaces that enable businesses to scale, people to thrive and enterprises to focus on what they do best.”
Free cash flow from operations for Q2 FY27 stood at Rs 237.7 crore, up 149.2% year-on-year, while the company transitioned to a net cash position of Rs 23.1 crore.
