Q2 FY26 earnings call transcript: revenue up 17%, EBITDA margin expands to 20.3%

Management guided margin improvementOrder pipeline disclosedCFO laid out a debt-reduction roadmapInvestor Communications View source PDF Explain this filing

WEWORK · price

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Price reactionminutes from the announcement price · days from the prior close

-0.2%Reaction day

₹615.10

prior close

₹616.40

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+0.6%-0.8% vs market

Diversified Commercial Services peers, median of 66sector-0.6%+0.4% vs sector

On the reaction day the stock moved 0.8 pts less than Nifty Microcap 250 and 0.4 pts more than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

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Next day

+3.1-0.2+3.3-1.2+4.3

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15d

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UpDownMarket · Nifty Microcap 250Sector · Diversified Commercial Services peers, median of 66Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

WeWork India Q2 FY26 revenue reached INR 585.5 cr, up 17% YoY. IGAAP EBITDA was INR 118.4 cr with margins expanding 530 bps to 20.3%. PAT of INR 39.3 cr grew 104% YoY. First IndAS PAT positive quarter at INR 6.4 cr. Portfolio occupancy at 80.2% across 70 centers. Net debt cut to INR 311 cr from INR 529 cr YoY, with cost of debt down 500 bps. Credit rating upgraded to A-minus. Targeting 20%+ revenue growth with 20-25k desk additions annually. Net debt expected near zero by year end.

Likely market impact

Strong quarter with margin expansion, debt reduction, and first IndAS PAT profit signal improving business quality; supports bullish outlook.