WeWork India Q1 FY27 results; capital restructuring to write off about Rs 2,050 cr losses
WEWORK · price
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On the reaction day the stock moved 6.2 pts less than Nifty Microcap 250 and 7.0 pts less than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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WeWork India posted Q1 FY27 standalone revenue of Rs 680.2 crore, up 27 percent YoY from Rs 534 crore. Net loss narrowed to Rs 4.58 crore vs Rs 14.6 crore last year. Board approved using Securities Premium balance of about Rs 2,159 crore to set off accumulated losses of Rs 2,050 crore, reclassified authorised capital into plain equity, and amended objects clause to allow e-commerce and digital commerce activities. No change in paid-up capital or shareholder stakes.
Revenue growing strongly but company still loss-making. Capital cleanup improves balance sheet presentation without diluting shareholders; needs NCLT and member approval.