Coworking space provider WeWork India reported a second consecutive profitable quarter, posting a consolidated profit after tax (PAT) of INR 16.8 Cr in the third quarter of the ongoing fiscal year (Q3 FY26). The company had reported a net loss of INR 83.1 Cr in the year-ago quarter. Sequentially, PAT surged 163% to INR 6.4 Cr. The company’s operating revenue zoomed 29% to INR 634.1 Cr in Q3 FY26 from INR 491.7 Cr in the year-ago quarter. On a QoQ basis, revenue rose 10% from INR 574.7 Cr. Including other income of INR 3.1 Cr and finance income of INR 6.6 Cr, WeWork India’s total income for the quarter stood at INR 643.8 Cr. Total expenses stood at INR 624.5 Cr during the quarter under review, up 15% from INR 545.3 Cr in Q3 FY25. The coworking space provider’s IGAAP EBITDA for the quarter rose 48% YoY to INR 134.6 Cr. In WeWork India’s Q3 shareholders’ letter, CEO Karan Virwani underlined that the company’s Q3 performance reflects its strongest financial position since inception. He attributed the strong quarterly performance to portfolio occupancy, mature centre occupancy, disciplined real estate strategy and sustained demand. “The future is even more compelling. The thesis… Read MoreInc42 Media
