Can WeWork Turn Its Revenue Momentum Into Sustainable Profits in FY26?
About WeWork India
WeWork India operates flexible workspaces catering to corporates, startups and freelancers. The company focuses on high-efficiency leasing models and hybrid workspace demand across major metros.
The company reported higher revenue but a major YoY decline in profit, reflecting elevated restructuring and forex losses as it pivots toward profitable expansion.
Financial Highlights (Q2 FY26)
| Metric | Q2 FY26 | YoY |
|---|---|---|
| Revenue | ₹574 Cr | ↑ 22% |
| EBITDA | ₹380 Cr | ↑ 28% |
| EBITDA Margin | 66.1% | ↑ 250 bps |
| Net Profit | ₹6.2 Cr | ↓ 97% |
Revenue ₹574 Cr — benefited from higher occupancy and re-pricing of long-term leases.
EBITDA ₹380 Cr — improved cost efficiency despite higher energy costs.
Net Profit ₹6.2 Cr — decline driven by exceptional restructuring expenses.
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Peer Comparison
| Company | EBITDA Margin | Comment |
|---|---|---|
| WeWork India | 66.1% | Hybrid workspace leader |
| Smartworks | 58% | Private office focus |
| Awfis | 54% | SME clientele |
Strengths & Weaknesses
Strengths
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Weaknesses
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Opportunities & Threats
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Valuation & Investment View
- Short-term: Volatile due to lease renegotiations.
- Medium-term: Positive as occupancy improves post Q4 FY26.
- Long-term: Sustainable if cost rationalisation continues.
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Investor Takeaway
Indian-Share-Tips.com Nifty Expert Gulshan Khera, CFP®, believes WeWork’s revenue momentum and cost discipline could restore profitability once restructuring ends. Read more insights at Indian-Share-Tips.com, which is a SEBI Registered Advisory Services.
SEBI Disclaimer: The information provided in this post is for informational purposes only and should not be construed as investment advice. Readers must perform their own due diligence and consult a registered investment advisor before making any investment decisions.
