WeWork India has posted a profit after tax (PAT) of ₹6.4 crore for the quarter ended September 30, 2025 (Q2 FY26), reversing a loss of ₹31.5 crore in the year-ago quarter.
Operating revenue rose to approximately ₹574.7 crore, up about 22 % year-on-year and around 7 % quarter-on-quarter.
EBITDA (Ind-AS) was ₹390.9 crore, up ~19 % YoY, showing strong operating leverage.
Why This Milestone Matters
Margin Expansion & Scale
The jump into profitability highlights that WeWork India is exploiting scale and improving utilization of its workspace portfolio, which helps spread fixed costs and improve margins.
Demand Recovery in Flexible Workspaces
The result suggests robust demand for flexible office space in India, especially from enterprise clients. WeWork India’s occupancy levels and enterprise segment growth appear to be key factors. (Inc42 report)
Positive Signal Ahead of IPO
WeWork India is IPO-bound, and this profitable quarter strengthens its listing story, showing investors that the business model is moving from growth/disruption into sustainable profitability.
Key Figures at a Glance
- PAT: ₹6.4 crore in Q2 FY26 (versus loss of ~₹31.5 crore a year ago)
- Revenue: ~₹574.7 crore in Q2 (up ~22 % YoY) Inc42
- EBITDA (Ind-AS): ~₹390.9 crore, up ~19 % YoY
- Expense growth was much lower than revenue growth, supporting margin improvement.
Implications & What to Watch
- For investors: This marks a shift in time-horizon from “growth at all costs” to “growth with profitability”; key will be consistency and margin sustainability.
- For the coworking industry: WeWork India’s profit demonstrates that scale & corporate demand in India can drive viable business models in this sector.
- For future quarters: Watch occupancy levels, renewal rates, lease cost negotiations, new centre launches and how the company manages fixed cost leverage.
- Risks: One profitable quarter is positive but not proof of long-term dominance. External factors (real estate lease costs, economic slowdown, hybrid work trends) still matter.
Conclusion
WeWork India turning profitable in Q2 FY26 is a noteworthy milestone. With the business showing stronger revenue growth, margin improvement and a bottom‐line profit, it signals a maturation of the coworking model in India. The coming quarters will determine whether this is a consistent trend or a one-off.
