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WeWork India Management Ltd reported a strong rise in quarterly earnings as demand for managed office spaces and flexible work centres continued to grow across major Indian cities. The company’s consolidated net profit increased 80 per cent to INR 65.55 crore during the March quarter, supported by higher income and steady expansion of its workspace portfolio. Revenue also saw healthy growth during the quarter. However, annual profit for FY26 declined compared to the previous financial year despite a rise in total income, reflecting operational and expansion-related pressures in the flexible office segment.
WeWork India Management Ltd has reported an 80 per cent increase in consolidated net profit for the quarter ended March, driven by improved income and continued demand for managed office spaces from corporates, startups and enterprise clients. Advertisement
The company posted a consolidated net profit of INR 65.55 crore during the quarter, compared to INR 36.51 crore in the corresponding period last year, according to a regulatory filing.
Total income during the quarter rose to INR 715.35 crore from INR 554.87 crore a year earlier. The growth comes at a time when demand for flexible workspaces has remained steady across major office markets, especially from companies looking for shorter lease commitments and ready-to-move office solutions.
Despite the strong quarterly performance, the company reported a decline in annual profitability for FY26. Net profit for the full financial year fell to INR 74.43 crore from INR 127.39 crore in the previous fiscal.
However, the company’s overall income for FY26 increased to INR 2,490.42 crore, up from INR 2,024 crore in FY25, indicating continued business expansion and higher occupancy across centres.
Launched in 2017, WeWork India currently operates 76 co-working centres covering around 8.6 million sq ft across eight cities including Bengaluru, Mumbai, Gurugram, Pune, Hyderabad, Chennai, Noida and New Delhi.
India’s flexible office market has seen significant growth over the past few years as companies increasingly adopt hybrid working models and managed office solutions. Industry consultants have noted that enterprise-led leasing has become a major driver for the co-working segment, particularly in cities with strong technology and financial services presence.
Source PTI
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