WeWork India Q2 FY27 revenue rises 34% to Rs 768 crore, profit jumps over 3X

Revenue and profit growth

WeWork India’s operating revenue for the quarter ended September 2026 (Q2 FY27) rose 33.8% year-on-year to Rs 768 crore, according to financial results reviewed by Entrackr. The company’s sole revenue streams—managed workspace and allied services—drove this growth.

Profit for the quarter surged 219.4% to Rs 20.44 crore, up from Rs 6.4 crore in the same quarter of the previous fiscal. This follows a broader trend: the first half of FY27 saw revenue climb 30.8% to Rs 1,452 crore, and the company swung from a Rs 7.74 crore loss in H1 FY26 to a Rs 16.37 crore profit in H1 FY27.

Cost pressures and expense trends

Total expenses for Q2 FY27 grew 32.5% to Rs 767 crore, slightly below the revenue growth rate. Depreciation and amortisation related to leases was the largest cost head at Rs 314 crore, reflecting the capital-intensive nature of the co-working business. Finance costs rose 14.4% to Rs 175 crore, while operating expenses jumped 52% to Rs 194.5 crore, driven by higher spending on employee benefits (up 16.7% to Rs 56 crore) and other operating costs (up 44.7% to Rs 27.5 crore).

Market valuation

At the end of Monday’s trading session, WeWork India’s market capitalisation stood at Rs 8,751 crore, with shares closing at Rs 622.55 apiece. The valuation reflects investor confidence in the company’s turnaround and growth trajectory.

What this means

Lazyfounder analysis — our interpretation, not reported fact.

WeWork India’s results signal that the co-working model can scale profitably in India, even as lease costs remain the single biggest line item. For operators in the flexible workspace sector, this quarter’s numbers offer a benchmark: revenue growth of 30-34% can outpace expense growth (32.5%) and deliver a turnaround from loss to profit within a year. The sharp rise in operating expenses—especially lease depreciation and finance costs—also underscores how critical leasing strategy and capital structure are to sustainability. Founders in adjacent sectors (hospitality, real estate tech, or asset-light office services) may see this as evidence that asset-heavy models can work if occupancy and revenue per square foot keep climbing.

Key takeaways

• WeWork India’s 34% revenue growth and swing to profitability in H1 FY27 provide a proof point for co-working operators targeting scale in India.
• Lease-related depreciation (Rs 314 crore) and finance costs (Rs 175 crore) dominate expenses, making lease negotiations and capital efficiency critical for peers.
• The 3X profit jump in Q2 FY27, despite higher operating expenses, suggests unit economics are improving as occupancy rises.

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