Managed office space provider WeWork India has announced its financial results for the quarter ended June 2026 (Q1 FY27). The company posted around 28% year-on-year growth in operating revenue during the period, while EBITDA rose more than 30% to Rs 438 crore. WeWork India’s revenue from operations rose to Rs 684 crore in Q1 FY27 from Rs 535 crore in the corresponding quarter of the previous fiscal, according to its consolidated financial statements sourced from the NSE. Income from managed workspace and allied services remained the company's sole operating revenue source. It also reported Rs 17 crore in other income, including finance income, taking total income to Rs 701 crore during the quarter. On a quarter-on-quarter basis, the company's revenue from operations fell 2% from Rs 696 crore in Q4 FY26. On the expenditure front, depreciation and amortisation related to leases remained the largest cost head at Rs 283 crore, up 27% year-on-year. Finance costs stood at Rs 176 crore, while employee benefits expenses rose more than 23% to Rs 58 crore. As a result, total expenses increased 5% to Rs 705 crore in Q1 FY27. At the bottom line, the company's losses narrowed 71% to Rs 4 crore in Q1 FY27 from Rs 14 crore in the year-ago quarter. Notably, EBITDA rose more than 30% to Rs 438 crore during the quarter, with the EBITDA margin at 64%. At the end of Thursday’s trading session, WeWork India’s share closed at Rs 734, valuing the company at a total market capitalization of Rs 10,173 crore ($1.07 billion). Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investorshere.
