Realty firm WeWork India on Thursday reported a consolidated net loss of Rs 4.30 crore for the first quarter of this fiscal due to higher expenses.The company had posted a net loss of Rs 14.10 crore in the year-ago period.Its total income rose to Rs 700.74 crore during the April-June quarter of this fiscal from Rs 545.71 crore in the corresponding period of the preceding year, according to a regulatory filing.The operational expenditure increases to Rs 704.77 crore from Rs 559.46 crore during the period under review.WeWork India is one of the leading coworking firms in the country.
WeWork India posts Rs 4.3 cr loss in Jun quarter
In its latest quarterly report, WeWork India has revealed a net loss of Rs 4.30 crore, which is a notable reduction compared to last year's loss of Rs 14.10 crore. Total income for the April-June period rose to Rs 700.74 crore, while operational expenses increased to Rs 704.77 crore, illustrating the company's ongoing adaptations within the coworking sector.
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