WeWork India Management Q2 FY26 results: net profit ₹6.41 crore

How did WeWork India Management perform in Q2 FY26?

WeWork India Management reported consolidated revenue of ₹574.70 crore for Q2 FY26, with other income of ₹10.84 crore and total expenses of ₹579.03 crore. EBITDA was ₹380.08 crore, giving an EBITDA margin of 66.1%. Profit before tax was ₹6.51 crore, and the company reported a net profit of ₹6.41 crore. Basic EPS was ₹0.47, and there was no exceptional item.

On the standalone basis, revenue was ₹573.03 crore and profit was ₹7.39 crore. The available filing data do not provide a comparable consolidated year-ago or previous-quarter set for revenue, EBITDA, profit and EPS, so the quarter-on-quarter and year-on-year movements in those measures cannot be stated from the supplied information.

What do the balance sheet and cash flow show?

At 30 September 2025, WeWork India reported total assets of ₹5,966.02 crore and total equity of ₹201.55 crore. Borrowings were ₹409.59 crore, cash was ₹8.97 crore, inventories were ₹0.56 crore, trade receivables were ₹123.71 crore and trade payables were ₹45.52 crore. A comparative balance-sheet date and corresponding asset, equity, borrowing and cash figures were not provided in the supplied facts, so the direction of change cannot be stated.

For H1 FY26, operating cash flow was ₹697.92 crore, investing cash flow was negative ₹293.66 crore and financing cash flow was negative ₹418.85 crore. Capital expenditure was ₹207.69 crore. A year-earlier cash-flow comparison was not provided, so the change from the previous first half cannot be stated.

What else did the company announce?

The board approved the unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2025 at its meeting on 10 November 2025. The same-day filings included a shareholders’ letter and an investor presentation, with the financial results also hosted on the company’s website.

The supplied same-day filings do not state a dividend, fund raise or appointment. They record approval of the financial results, the accompanying limited review reports, the shareholders’ letter and the investor presentation. A separate filing dated 3 November 2025 had earlier informed the exchanges that the board meeting was scheduled for 10 November 2025.

What did WeWork India Management's management say?

Management said annual seat additions were guided at 20,000–25,000 desks, with FY26 revenue growth targeted upwards of 20% and EBITDA margin guided at approximately 20–21% over a larger revenue base. The company expects net debt to approach zero by March 2026, while implied full-year capital expenditure was ₹250–270 crore for 15,000–20,000 new desks, plus approximately ₹50 crore for refurbishment. Management also said the capacity pipeline was locked in at 1.45 lakh desks and that value-added services represented 11% of revenue, or ₹62.6 crore.

On the earnings call, CFO Clifford Lobo said: “every incremental rupee of revenue will continue to translate disproportionately into EBITDA”. MD and CEO Karan Virwani said: “Our biggest risk is anything that could basically move occupancy significantly down.” Management identified occupancy, cost inflation and macro uncertainty, and the upfront capital expenditure required for large managed-office deals, as risks. The supplied transcript and call details do not provide a specific analyst question or response for inclusion.

How did WeWork India Management shares react?

The stock was down 0.5% after 5 minutes, down 0.1% after 15 minutes and unchanged after 30 minutes from the price when the filing appeared. On the reaction day, it fell 1.0% from the previous close; by the next day’s close, it was down 1.3% from that close, and by the fifth day’s close, it was down 2.6%. The industry median was unchanged on the reaction day and fell 0.1% by the next close and 1.3% by the fifth close, so the stock underperformed the industry by 1.0 percentage point, 1.3 percentage points and 1.2 percentage points, respectively. The Nifty Microcap 250 fell 0.4% on the reaction day, fell 0.6% by the next close and rose 0.7% by the fifth close. No earlier results-day moves were provided.

How did other Diversified Commercial Services companies do?

Among Diversified Commercial Services companies, 78 peers were compared, with a median revenue growth of 19.9%. Of the 78 peers, 54 reported higher profit, while the remaining 24 reported lower profit; 104 peers were compared for profit. The supplied peer data did not include the number of other companies whose revenue grew faster or slower than WeWork India’s.