| Metric | Value (₹ Cr) | vs Q3 FY26 |
|---|---|---|
| Revenue | 696.06 | 9.8% |
| Total Income | 715.36 | 11.1% |
| Expenditure | 672.31 | 7.7% |
| PBT | 43.05 | 187.9% |
| Net Profit | 65.87 | 292.3% |
| OPM | 64.67% | 1.08pp |
| NPM | 9.21% | 6.60pp |
| EPS | 4.88 | 290.4% |
WeWork India: FY26 Revenue Up 23.4% YoY to ₹2,477.4 Cr
21 May 2026 · 21 May, 1:38 pm
Summary
WeWork India reported a record-setting close to FY26, with Q4 revenue climbing to ₹709.9 Cr, up 28.6% year-over-year, and full-year revenue growing 23.4% to ₹2,477.4 Cr. The company achieved substantial profit growth, with Q4 Profit After Tax (PAT) increasing by 141.9% to ₹79.6 Cr and full-year PAT more than doubling to ₹179 Cr. A significant financial milestone was reached as the company turned net debt negative for the first time, recording –₹11.7 Cr, backed by robust free cash flow from operations of ₹585.5 Cr. Management emphasized the success of their compounding flywheel, which consistently reinforces profitability, cash generation, and strong returns on capital.
Key Highlights
- 1
WeWork India's Q4 FY26 revenue reached ₹709.9 Cr, marking a significant 28.6% increase year-over-year.
- 2
For the full fiscal year 2026, the company's revenue grew by 23.4% year-over-year to ₹2,477.4 Cr.
- 3
Profit After Tax (PAT) for Q4 FY26 surged by 141.9% year-over-year to ₹79.6 Cr, achieving an 11.2% margin.
- 4
Full-year FY26 PAT more than doubled to ₹179 Cr, representing a 133.7% year-over-year increase at a 7.2% margin.
- 5
The company achieved a net debt negative position for the first time, closing FY26 at –₹11.7 Cr, driven by strong free cash flow from operations of ₹585.5 Cr.
- 6
WeWork India's credit rating was upgraded two notches from A− to A+, and the cost of borrowing decreased by 225 bps year-over-year to 8.5%.
- 7
Portfolio occupancy reached an all-time high of 86.9% across 8.6 million sq ft in 76 centres, with a total committed footprint expanding to 11.6 million sq ft.
Management Comments
Karan Virwani
FY26 was a defining year for both the industry and WeWork India. Adoption of flex deepened across enterprise segments, and we continued to lead from the front while delivering on every commitment we made to the market. During the year, we listed on the stock exchanges, more than doubled PAT, turned net debt negative for the first time in our history, and continued expanding our footprint with pricing discipline and strong occupancy across centres. What is increasingly visible now is the strength of the compounding flywheel we have built, where occupancy, premiumisation and operating leverage continue to reinforce profitability, cash generation and returns on capital quarter after quarter. More importantly, WeWork India today is no longer just a workspace operator. We are building a full-stack platform that enables enterprises to sca
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