WeWork India Management Ltd.revenue up 31.6%, margin 21.2%, record 11,700 desks

WeWork India's Q2 FY27 call, held on 27 October 2026, reported IGAAP-equivalent revenue of ₹768.7 crore, up 31.6% on the year, and EBITDA of ₹162.9 crore, up 37.6%, at a 21.2% margin that rose 138 basis points on Q1. Profit after tax rose 67.4% to ₹65.8 crore, return on capital employed reached 34.5%, and the company ended September with net cash of about ₹23 crore. It added a record 11,700 desks to reach 145,300, with occupancy at 83.7% and members up 32.5%.

Value-added services and digital revenue grew 38% to ₹108.8 crore, faster than the core business. Management expects 150,000 to 155,000 desks by March 2027, capex of about ₹500 crore this year and about ₹600 crore in FY28, and suggested an EBITDA margin range of 20% to 23% for next year without giving formal guidance. A large managed-office deal will be announced next quarter, Commonwealth Bank of Australia is expected to move into its own campus, and the promoter pledge will be reduced without a set date.