WeWork India has started FY27 on a positive note by reporting strong revenue growth, better profitability and a sharp rise in EBITDA. The company’s latest quarterly performance shows that demand for flexible office spaces remains strong as more businesses continue to adopt hybrid work models and prefer managed workspaces over traditional long-term office leases.
Along with its financial results, WeWork India has also announced a major capital restructuring plan and plans to expand both its office network and digital business offerings.
Revenue rises while losses reduce in Q1 FY27
For the quarter ended June 2026 (Q1 FY27), WeWork India reported revenue from operations of ₹684 crore, up around 28% from ₹535 crore in the same quarter last year. After including other income of around ₹17 crore, the company’s total income crossed ₹700 crore for the quarter.
The company also reported a much smaller net loss compared to last year. Its net loss came down to around ₹4 crore from nearly ₹14 crore in Q1 FY26. According to the company, the quarterly loss was affected by a one-time employee benefit provision. Without this one-time expense, the results would have been even stronger.
EBITDA grew by more than 30% to ₹438 crore during the quarter. As a result, the EBITDA margin improved to 64%, compared to 62.7% a year ago. This shows that WeWork India continued to improve its operating performance even while expanding its business.
Lease-related depreciation and amortisation remained the company’s biggest expense at ₹283 crore. Finance costs stood at ₹176 crore, while employee benefit expenses increased to ₹58 crore. Even with these higher costs, revenue grew at a faster pace, helping the company improve its overall financial performance.
The company’s board also approved a reduction of around ₹2,050 crore from its securities premium account to adjust accumulated losses. It has also updated its Memorandum of Association to officially include digital business activities, showing that it plans to expand beyond coworking spaces in the future.
WeWork India plans to add more office space
To meet growing demand, WeWork India is investing around ₹110 crore to add nearly 7,700 new desks across Hyderabad, Pune and Bengaluru by the end of 2026.
The Hyderabad centre will add around 2,100 desks with an investment of ₹32 crore. Pune will get about 2,500 new desks through a ₹36 crore investment, while Bengaluru will add around 3,100 desks with an investment of ₹42 crore.
With these new centres, the company wants to strengthen its presence in India’s biggest business cities, where demand from startups, large companies and Global Capability Centres (GCCs) continues to increase.
At present, WeWork India operates more than 133,000 desks across 79 centres in eight cities. Its occupancy level remains healthy at around 84% to nearly 87%, showing that most of its office spaces continue to stay occupied.
The company has also launched a new “Member Services” platform. Through this service, enterprise customers can access different business solutions from partner companies, including IT support, HR services, administration and workplace management. This will help WeWork India earn revenue from services beyond office space rentals.
Flexible workspace market continues to expand
WeWork India’s strong performance reflects the overall growth of India’s flexible office space market.
Its competitor, IndiQube, also reported record financial results. The company posted revenue of ₹395 crore in Q3 FY26, up 45% from the previous year. EBITDA increased by 82% to ₹82 crore, while profit after tax jumped 214% to ₹40 crore. During the first nine months of FY26, IndiQube earned revenue of ₹1,063 crore and expanded its portfolio to more than 9.5 million square feet across 129 centres in 17 cities.
Industry experts also expect the sector to grow rapidly over the next few years. According to ICRA, flexible office space across India’s top six cities is expected to increase from around 80 million square feet in December 2024 to nearly 125 million square feet by March 2027. The rating agency also expects five coworking companies to launch IPOs over the next 12 to 18 months, together raising more than ₹7,000 crore.
The growth is being driven by the increasing number of Global Capability Centres, the continued shift towards hybrid work and companies choosing flexible office spaces instead of signing long-term office leases.
With stronger financial performance, new office expansion plans and a growing focus on digital services, WeWork India appears well placed to benefit from the next phase of growth in India’s flexible workspace industry as demand from businesses continues to rise.