Wework India Management's Q1 FY 2026-27 Quarterly Results

Result Summary

• Wework India Management Ltd reported a 2.0% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2026-27). On a year-on-year (YoY) basis, it witnessed a growth of 28.4%.
• Its expenses for the quarter were up by 4.8% QoQ and 26.0% YoY.
• The net profit decreased 106.2% QoQ and decreased 71.2% YoY.
• The earnings per share (EPS) of Wework India Management Ltd declined at 0.31 during Q1 FY 2026-27.

Financial Statments for Q1 FY 2026-27

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Wework India Management Ltd is a prominent player in the flexible workspace industry in India. Known for providing shared office spaces and coworking solutions, the company caters to a diverse clientele, ranging from freelancers and startups to large enterprises. The company is part of the global WeWork network, which is renowned for its innovative workspace solutions and community-focused approach. As of the last available data, there have been no major new developments or strategic shifts reported for Wework India Management Ltd.

Revenue

In the first quarter of FY27, Wework India Management Ltd reported a total income of ₹700.74 crores. This represents a decrease of 2.0% from the previous quarter, Q4FY26, where the total income was ₹715.36 crores. However, on a year-over-year basis, there was a substantial increase of 28.4% compared to Q1FY26, which recorded a total income of ₹545.71 crores. This growth indicates a strong recovery or expansion in revenue over the past year, despite a slight decline in the most recent quarter.

Profitability

The company's profitability metrics reveal some fluctuations. For Q1FY27, Wework India Management Ltd recorded a loss before tax of ₹4.04 crores, a significant decline from a profit of ₹43.05 crores in Q4FY26. This marks a quarter-over-quarter decrease of 109.4%. Comparing year-over-year, the company showed an improvement from a loss before tax of ₹13.75 crores in Q1FY26. The net income for Q1FY27 was a loss of ₹4.07 crores, compared to a profit after tax of ₹65.87 crores in Q4FY26, and a loss of ₹14.14 crores in Q1FY26. The earnings per share (EPS) followed a similar trend, with a negative ₹0.31 in Q1FY27, compared to ₹4.76 in Q4FY26, and negative ₹1.05 in Q1FY26.

Operating Metrics

Operating expenses for Wework India Management Ltd in Q1FY27 amounted to ₹704.77 crores, which is an increase of 4.8% quarter-over-quarter from ₹672.31 crores in Q4FY26. On a year-over-year basis, this represents a 26.0% increase from ₹559.47 crores in Q1FY26, indicating a significant rise in operational costs over the year. The company's tax expense also showed variability, with a minor charge of ₹0.12 crores in Q1FY27, compared to a tax credit of ₹21.86 crores in Q4FY26, and a charge of ₹0.05 crores in Q1FY26. These figures highlight changes in tax liabilities and potential impacts on net profitability.