WeWork India Q1 FY27 Revenue Rises 28.5% to ₹698 Cr

Investor presentation filed under Regulation 30

WeWork India Management Limited submitted its investor presentation to the National Stock Exchange of India on July 16, 2026. The filing was made under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. It covers the company’s financial performance for the quarter ended June 30, 2026, or Q1 FY27. The presentation shows total revenue of ₹698.0 crore, up 28.5% year-on-year. Revenue was also 1.7% higher sequentially from the preceding quarter. The company reported stronger growth in EBITDA and free cash from operations during the period. The results offer an update on WeWork India’s operating scale across India’s flexible workspace market.

Revenue reaches ₹698.0 crore in Q1 FY27

Total revenue stood at ₹698.0 crore in Q1 FY27. The company reported year-on-year revenue growth of 28.5%. On a quarter-on-quarter basis, revenue increased by 1.7%. The presentation identifies this figure as total revenue on an IGAAP-equivalent basis. WeWork India operates flexible workspaces, including customised offices, co-working spaces, enterprise suites and hybrid digital solutions. It also earns from value-added offerings such as parking, events, advertising and food and beverage. The quarterly revenue figure reflects the scale of these operations across its network.

EBITDA growth outpaces revenue growth

EBITDA for Q1 FY27 was ₹138.3 crore, compared with the company’s reported growth rate of 69.3% year-on-year. EBITDA rose 16.0% quarter-on-quarter. The EBITDA margin was 19.8%, according to the investor presentation. The company also reported a year-on-year margin expansion of 478 basis points. A basis point is one-hundredth of a percentage point, making the disclosed improvement equal to 4.78 percentage points. The gap between revenue growth and EBITDA growth is a key feature of the reported quarter. However, the filing does not provide a detailed line-by-line explanation for the change in profitability within the supplied material.

Profit and operating cash flow reported

WeWork India reported profit after tax, or PAT, of ₹53.2 crore in Q1 FY27. PAT margin was 7.6% for the quarter. Free cash from operations was ₹141.9 crore, representing year-on-year growth of 176.1%. The reported free cash from operations exceeded the reported PAT for the quarter. These metrics, like the other financial figures highlighted by the company, are stated on an IGAAP-equivalent basis. The presentation does not provide prior-period absolute figures in the supplied extract. Investors can therefore assess the reported growth rates, margins and cash-flow amount, while relying on the full financial statements for additional detail.

Key Q1 FY27 financial metrics

Network spans eight Indian cities

WeWork India said it operates 79 centres across eight cities. The network served 113.4 thousand members in Q1 FY27. Occupancy was 84.9% during the quarter. These operating indicators provide context for the company’s revenue base in flexible workspaces. The company describes itself as a premium flexible workspace operator in India and says it was launched in 2017. Its products include offices for enterprises as well as co-working and other workspace formats. The company’s centre count, member base and occupancy data are the main operating measures disclosed in the supplied material.

What the results indicate for operations

The revenue increase was accompanied by higher EBITDA growth and a reported 19.8% EBITDA margin. Occupancy of 84.9% indicates that most available workspace capacity within the reported portfolio was occupied. The network of 79 centres gives the company a presence across multiple major Indian cities rather than a single-market operation. The reported 113.4 thousand members show the size of the customer base served through the portfolio. Revenue, occupancy and membership are relevant measures for flexible workspace operators because they connect physical capacity with utilisation. The supplied presentation does not disclose city-wise occupancy, centre additions or customer-category revenue splits. It also does not disclose the financial contribution of individual service lines.

Importance for investors and the flexible workspace sector

The filing gives listed-market investors a quarterly set of revenue, profitability and cash-flow indicators following the company’s public listing, which management said occurred in Q2. The reported 28.5% increase in revenue and 69.3% increase in EBITDA are the central financial updates in the presentation. Margin expansion of 478 basis points is another disclosed measure that investors may use when comparing quarters. The flexible workspace sector includes customised offices, co-working arrangements and enterprise workspace solutions, all of which are offered by WeWork India. The company also provides digital hybrid solutions and several ancillary services. No share-price movement, outlook or guidance was included in the supplied announcement. As a result, the filing provides operational and financial information but does not establish a forecast for future performance.

Company communication and disclosure details

The July 16 filing was addressed to the listing department of the National Stock Exchange of India. It stated that the investor presentation highlighted financial results for the period ended June 30, 2026. The company also said the presentation would be available on its investor-relations website. The disclosure was digitally signed by Udayan Shukla. WeWork India Management Limited was formerly known as WeWork India Management Private Limited. Its disclosed corporate identification number is L74999KA2016PLC093227. The presentation is part of the company’s investor-relations disclosures under SEBI’s LODR framework.

What to watch next

The Q1 FY27 presentation records revenue of ₹698.0 crore, EBITDA of ₹138.3 crore and free cash from operations of ₹141.9 crore. It also places occupancy at 84.9% across 79 centres in eight cities. These figures form the company’s reported starting point for FY27 after the quarter ended June 30, 2026. Investors will have further quarterly disclosures to assess changes in revenue, margins, cash generation, occupancy and network scale. Any subsequent financial results, shareholders’ letters and investor presentations will provide the next formal updates. For now, the Regulation 30 filing sets out the company’s reported Q1 FY27 financial and operating performance.