WeWork India closed FY26 with 8.6 million sq ft across 76 centres in eight cities
| Photo Credit:
Maneesh T
WeWork India posted a 141.9 per cent year-on-year rise in profit after tax (PAT) to ₹79.6 crore for the fourth quarter of FY26, driven by increasing demand for flexible workspaces. Revenue for the quarter rose 29 per cent y-o-y to ₹709.9 crore.Enterprises continued to anchor the portfolio, contributing 77 per cent of core revenue in Q4FY26. During FY26, the company sold around 48,000 new desks, its highest-ever annual addition, with more than 50 per cent of new desk sales driven by existing members expanding within the network.Expanding Footprint“During the year, the company has more than doubled PAT, turned net debt negative for the first time in our history, and continued expanding our footprint with pricing discipline and strong occupancy across centres,” said Karan Virwani, Managing Director and CEO, WeWork India.“What is increasingly visible now is the strength of the compounding flywheel we have built, where occupancy, premiumisation, and operating leverage continue to reinforce profitability, cash generation, and returns on capital quarter after quarter,” he added.Member Base GrowthThe company closed FY26 with 8.6 million sq ft across 76 centres in eight cities, and a total committed footprint of 11.6 million sq ft, including signed leases and letters of intent (LOIs), up 39 per cent year-on-year. Operational desk capacity stood at 1,26,900 desks, up 15.8 per cent y-o-y, while the member base grew 31 per cent to 110,200 members.The shares of the company closed at ₹574.65, up by 17.88 per cent on the BSE.Published on May 21, 2026
