WeWork India Management Limited has informed the Exchange about Transcript
WEWORK · price
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WeWork India reported record Q4 FY26 results with revenue of INR 710 crores (up 29% YoY), EBITDA of INR 164.7 crores at 23.2% margin, and PAT of INR 80 crores at 11.2% margin (up 142% YoY). Full year FY26 revenue was INR 2,477 crores (up 23%) with PAT more than doubling to INR 180 crores. The company achieved portfolio occupancy of 86.9% (all-time high) and became net debt negative for the first time at INR 11.7 crores net cash, with a two-notch credit upgrade to A+. Management disclosed 36% capacity growth already locked in for FY27 with INR 1,885 crores of core revenue already secured. They also launched 'Rivet', a new design and build business targeting the $35-40 billion market. The company cited powerful industry tailwinds including AI-driven demand, GCC expansion (pipeline of 55 million sq ft through 2030), and structural shift away from long leases. FY27 capex guidance is INR 500-600 crores.
The company demonstrated strong execution with margin expansion, cash generation, and debt reduction. The deep locked-in order book and capacity expansion plans provide revenue visibility for FY27. The new design-build business and focus on VAS could provide additional revenue diversification. Margin may see temporary Q1 dip due to new capacity but full-year normalized margins should remain at similar or higher levels.