Conference Call with WeWork India Management and Analysts on Q4FY26 & Full Year Performance and Outlook. Listen to the full earnings transcript.
Special Consumer Services company WeWork India Management announced Q4FY26 & FY26 results Consolidated Financial Highlights: Revenue from operations for Q4FY26 stood at Rs 6,960.63 million, representing a growth of 9.77% QoQ from Rs 6,341.05 million and an increase of 29.05% YoY compared to Rs 5,393.67 million in Q4FY25. Total income for the quarter Q4FY26 reached Rs 7,153.56 million, up 11.11% QoQ and 28.92% YoY. Profit for the period in Q4FY26 was Rs 658.70 million, showing a significant growth of 292.34% QoQ from Rs 167.89 million and 79.33% YoY from Rs 367.32 million. For the full year FY26, Revenue from operations was Rs 24,401.80 million, an increase of 25.19% YoY compared to Rs 19,492.11 million in FY25. Total income for the full year FY26 stood at Rs 24,904.28 million, up 23.04% YoY from Rs 20,240.01 million. Net profit for FY26 was Rs 749.18 million, representing a decline of 41.55% YoY compared to Rs 1,281.85 million in FY25. Basic Earnings per equity share for Q4FY26 was Rs 4.88 compared to Rs 1.25 in Q3FY26 and Rs 2.76 in Q4FY25. For the full year FY26, it stood at Rs 5.55 compared to Rs 9.03 in FY25. Standalone Financial Highlights: Revenue from operations in Q4FY26 was Rs 6,928.46 million, a growth of 9.64% QoQ from Rs 6,319.33 million and 29.35% YoY from Rs 5,356.34 million. Total income for Q4FY26 stood at Rs 7,117.69 million, an increase of 10.94% QoQ and 29.18% YoY. Profit for the period in Q4FY26 reached Rs 643.72 million, compared to Rs 150.64 million in Q3FY26 and Rs 374.56 million in Q4FY25. For the full year FY26, standalone Revenue from operations was Rs 24,317.63 million, reflecting a 25.23% YoY growth compared to Rs 19,418.10 million in FY25. Total income for FY26 reached Rs 24,814.67 million, up 23.06% YoY from Rs 20,163.93 million. Standalone net profit for FY26 stood at Rs 722.15 million, a decrease of 44.66% YoY compared to Rs 1,305.03 million in FY25. Business Highlights: Segment Performance: The company operates within a single reportable segment, which is "managed workspace provider and provision for allied services." All operations are primarily domiciled in India. Listing and IPO: The company successfully completed its Initial Public Offering (IPO) and listed its equity shares on the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) on October 10, 2025. IPO Details: The IPO comprised an offer for sale of 46,296,296 equity shares, resulting in total proceeds of Rs 29,996.43 million. Equity Capital Increase: During Q4FY26, the paid-up equity share capital of the company increased to Rs 1,353.78 million from Rs 1,340.23 million following the allotment of 1,354,749 equity shares to employees upon the exercise of stock options. Exceptional Item: FY26 results include a one-time exceptional expense of Rs 43.26 million (consolidated) and Rs 42.94 million (standalone) related to an increase in provision for employee benefits following the notification of four Labour Codes by the Government of India. Subsidiaries and Associate: The consolidated results include the performance of two subsidiaries, WW Tech Solutions India Private Limited and Zoapi Innovations Private Limited, and one associate, MyHQ Anarock Private Limited. Karan Virwani, Managing Director & CEO, WeWork India, said, “FY26 was a defining year for both the industry and WeWork India. Adoption of flex deepened across enterprise segments, and we continued to lead from the front while delivering on every commitment we made to the market. During the year, we listed on the stock exchanges, more than doubled PAT, turned net debt negative for the first time in our history, and continued expanding our footprint with pricing discipline and strong occupancy across centres. What is increasingly visible now is the strength of the compounding flywheel we have built, where occupancy, premiumisation and operating leverage continue to reinforce profitability, cash generation and returns on capital quarter after quarter. More importantly, WeWork India today is no longer just a workspace operator. We are building a full-stack platform that enables enterprises to scale - combining infrastructure, technology-enabled operations, design, flexibility and capital efficiency into a single integrated offering. As India cements its position at the centre of the global AI and GCC economy, the need for agile, scalable and experience-led workspaces will only accelerate. AI is not replacing the office; it is intensifying collaboration, innovation and talent density, making flexibility even more critical to how companies operate. We enter FY27 from the strongest opening position in our history, with deep demand visibility, strong operating leverage, and growing confidence in the long-term monetisation potential of the platform we are building.” Result PDF