WeWork India Posts Strong Q2 FY27 With 67.4% PAT Growth To ₹65.8 Crore, Revenue Reaches ₹768.7 Crore

WeWork India reported strong financial results for Q2 FY27 and H1 FY27, showcasing impressive growth in both profit and revenue. The company's profit after tax (PAT) surged by 67.4% year-on-year to ₹65.8 crore in Q2 FY27, driven by a 31.6% increase in revenue to ₹768.7 crore. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) increased by 37.6% YoY to ₹162.9 crore, with EBITDA margins reaching 21.2%.

During the first half of FY27, the company's revenue grew by 30.1% YoY to ₹1,466.7 crore, with PAT rising by an impressive 149.5% YoY to ₹119.0 crore. The company added 2.25 lakh square feet and 4,500+ desks across Bengaluru and Pune during the half-year period. In Q2 FY27, WeWork India expanded its operational capacity by adding 11,700 desks, bringing the total to 145,300 desks, representing a 26.9% increase YoY.

The member base grew by 32.5% YoY, reaching 121,700 members, outpacing the capacity growth. The company launched a member services platform to offer business solutions, resulting in a cash flow from operations (FCFO) increase of 149.2% YoY to ₹237.7 crore. WeWork India transitioned to a net cash position of ₹23.1 crore, marking a significant shift from a net debt of ₹310.5 crore a year ago.