WeWork India Q2 Profit More Than Triples to Rs 20.44 Crore as Revenue Hits Rs 768 Crore

Managed office space provider WeWork India reported a profit of Rs 20.44 crore in Q2 FY27, up 219.4% from Rs 6.4 crore in the corresponding quarter last fiscal. Revenue from operations rose 33.8% year on year to Rs 768 crore from Rs 574 crore, according to consolidated financial statements sourced from the NSE and reported on 26 October 2026.

The quarter in numbers

Income from managed workspace and allied services remained the company's sole source of operating revenue. It also reported Rs 18 crore in other income, taking total income to Rs 786 crore from Rs 585.5 crore a year earlier. Total expenses increased 32.5% to Rs 767 crore, with depreciation and amortisation related to leases the largest cost head at Rs 314 crore, finance costs at Rs 175 crore and employee benefit expenses up 16.7% to Rs 56 crore.

For the first half of FY27, revenue from operations increased 30.8% to Rs 1,452 crore from Rs 1,110 crore in H1 FY26, and the company posted a profit of Rs 16.37 crore compared with a loss of Rs 7.74 crore in H1 FY26 — a swing from loss to profit at the half-year level.

Why the flex model is working now

WeWork India's board approved the results at a meeting on 26 October 2026, alongside final approval for a 10 MWp captive solar power plant in Karnataka at an estimated project cost of Rs 34.25 crore. The solar approval is a small but telling detail: as the workspace portfolio scales, energy cost becomes a controllable line item rather than a fixed overhead.

The broader signal is demand. Companies continuing to prefer flexible, managed offices over long leases give WeWork India operating leverage: revenue growth of 34% against expense growth of 32.5% is what turns a small profit into a tripled one.