Audited Financial Results for the quarter and financial year ended Marah 31, 2026
WEWORK · price
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WeWork India reported standalone revenue of Rs 24,318 million for FY26, up 25.2% from Rs 19,418 million in FY25, driven by growth in managed workspace operations. However, profit after tax declined significantly to Rs 722 million from Rs 1,305 million in the prior year, partly due to a deferred tax credit of Rs 222 million (compared to Rs 2,854 million credit in FY25). The company completed its IPO in October 2025, raising Rs 29,996 million through offer for sale. Q4 FY26 showed strong sequential recovery with revenue of Rs 6,928 million and PAT of Rs 644 million. Exceptional items of Rs 43 million related to new Labour Codes provisioning were recorded. Auditors issued unmodified opinions on both standalone and consolidated financials.
Revenue growth exceeding 25% demonstrates strong business momentum, but the PAT decline despite higher revenues warrants monitoring. The substantial tax credit distortion masks underlying profitability trends. IPO proceeds provide balance sheet flexibility while the company manages lease-heavy obligations.