{"id":177971,"date":"2026-01-28T01:04:24","date_gmt":"2026-01-28T06:04:24","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=177971"},"modified":"2026-01-28T01:04:24","modified_gmt":"2026-01-28T06:04:24","slug":"wework-india-management-ltd-reports-revenue-growth-and-margin-expansion-in-q3-fy26","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/wework-india-management-ltd-reports-revenue-growth-and-margin-expansion-in-q3-fy26\/","title":{"rendered":"WeWork India Management Ltd reports revenue growth and margin expansion in Q3 FY26"},"content":{"rendered":"\n

WeWork India Management Ltd (NSE: WEWORK \/ BSE: 544570) reported total revenue of \u20b9640.3 crore in Q3 FY26, up 27.0% year-on-year and 9.6% quarter-on-quarter, supported by higher capacity, rising occupancy, and enterprise demand. EBITDA rose to \u20b9134.6 crore, while profit after tax stood at \u20b952.0 crore for the quarter.<\/p>\n\n\n\n

Business Overview<\/strong><\/h2>\n\n\n\n

WeWork India operates flexible workspace solutions across India, including WeWork-branded multi-tenant offices and Managed Offices for enterprise clients. The company\u2019s offerings also include digital products and value-added services.<\/p>\n\n\n\n

Core workspace operations contributed 83.4% of revenue in Q3 FY26, while value-added services accounted for 13.5% and digital products contributed 3.1%.<\/p>\n\n\n\n

Financial Performance<\/strong><\/h2>\n\n\n\n

Total revenue reached \u20b9640.3 crore in Q3 FY26, compared with \u20b9584.0 crore in Q2 FY26 and \u20b9504.0 crore in Q3 FY25. EBITDA increased 47.6% year-on-year to \u20b9134.6 crore, with EBITDA margin at 21.0%. PAT rose to \u20b952.0 crore, reflecting a 511.8% year-on-year increase.<\/p>\n\n\n\n

Free cash flow from operations rose to \u20b9203.8 crore, while return on capital employed improved to 32.6% during the quarter.<\/p>\n\n\n\n

Operating Metrics<\/strong><\/h2>\n\n\n\n

As of Q3 FY26, WeWork India operated 73 centres across eight cities, covering 8.2 million square feet of operational area and 11.4 million square feet including signed leases and letters of intent. The company managed approximately 121,600 desks with portfolio occupancy of 83.9%.<\/p>\n\n\n\n

Mature centres operated at around 86.6% occupancy, while enterprise clients accounted for about 74% of revenue.<\/p>\n\n\n\n

Segment and Business Mix<\/strong><\/h2>\n\n\n\n

Managed Offices contributed about 21% of overall portfolio revenue in Q3 FY26, reflecting a shift in revenue mix toward enterprise-driven workspace solutions.<\/p>\n\n\n\n

The company reported a diversified revenue mix across core workspace, digital products, and value-added services.<\/p>\n\n\n\n

Capacity Pipeline and Expansion<\/strong><\/h2>\n\n\n\n

WeWork India reported that nearly 40% of incremental capacity growth is already secured through signed leases and letters of intent. Planned capacity is expected to expand from 8.2 million square feet to around 11.4 million square feet and from about 123,000 desks to roughly 171,000 desks over time.<\/p>\n\n\n\n

Capital Structure and Financial Position<\/strong><\/h2>\n\n\n\n

Net debt and capital efficiency metrics improved during the quarter, supported by rising cash flows and operating leverage. The company also received a credit rating upgrade to [ICRA] A (Stable) from [ICRA] A- (Stable) in January 2026.<\/p>\n\n\n\n

Key Risks and Constraints<\/strong><\/h2>\n\n\n\n

The company highlighted potential risks related to regulatory changes, macroeconomic conditions, competitive pressures, and execution challenges in its disclosures.<\/p>\n\n\n\n

Outlook and Strategic Focus<\/strong><\/h2>\n\n\n\n

WeWork India stated that it plans to deepen its presence in Tier-1 Grade-A markets and expand its integrated workspace platform, spanning flexible offices, managed offices, and digital solutions.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n
\"\"<\/figure>\n","protected":false},"excerpt":{"rendered":"

WeWork India Management Ltd (NSE: WEWORK \/ BSE: 544570) reported total revenue of \u20b9640.3 crore in Q3 FY26, up 27.0% year-on-year and 9.6% quarter-on-quarter, supported by higher capacity, rising occupancy, and enterprise demand. EBITDA rose to \u20b9134.6 crore, while profit after tax stood at \u20b952.0 crore for the quarter. Business Overview WeWork India operates flexible […]<\/p>\n","protected":false},"author":2390,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[392,1941,5,11809],"tags":[14850,14548,14580,14856,14853,14855,14858,14852,14854,14559,14857,14851,14848,14859,14849],"class_list":["post-177971","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings","category-stock-analysis","category-latest","category-realty","tag-bse-544570","tag-commercial-real-estate-india","tag-corporate-earnings-india","tag-coworking-industry-india","tag-enterprise-clients","tag-flexible-workspace-india","tag-managed-offices-india","tag-nse-wework","tag-occupancy-rate","tag-quarterly-results-india","tag-wework-earnings","tag-wework-india","tag-wework-india-management-ltd","tag-wework-q3-fy26","tag-wework-results"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":178268,"url":"https:\/\/alphastreet.com\/india\/wework-india-management-ltd-wework-q3-2026-earnings-call-transcript\/","url_meta":{"origin":177971,"position":0},"title":"Wework India Management Ltd (WEWORK) Q3 2026 Earnings Call Transcript","author":"News desk","date":"January 28, 2026","format":false,"excerpt":"Wework India Management Ltd (NSE: WEWORK) Q3 2026 Earnings Call dated Jan. 28, 2026 Corporate Participants: Unidentified Speaker Karan Virwani \u2014 Member, Managing Director & Chief Executive Officer Clifford Lobo \u2014 Chief Financial Officer Analysts: Adhidev Chattopadhyay \u2014 Analyst Unidentified Participant Yashas Gilganchi \u2014 Analyst Yashowardhan Agarwal \u2014 Analyst Abhinav\u2026","rel":"","context":"In "Earnings Call Transcripts"","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":177084,"url":"https:\/\/alphastreet.com\/india\/epack-durable-ltd-shares-slip-after-q3-fy26-earnings-release\/","url_meta":{"origin":177971,"position":1},"title":"Epack Durable Ltd Shares Slip After Q3 FY26 Earnings Release","author":"Staff Correspondent","date":"January 21, 2026","format":false,"excerpt":"Epack Durable Ltd (NSE: EPACK, BSE: 544095) shares closed at around \u20b9260.8 on Wednesday, down approximately 2.4% from the prior session\u2019s close, following the company\u2019s announcement of its third quarter fiscal 2026 results. Market Capitalization At the close of trading, the company\u2019s market capitalization stood at approximately \u20b92,500 crore. Latest\u2026","rel":"","context":"In "Earnings"","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":177074,"url":"https:\/\/alphastreet.com\/india\/oberoi-realty-reports-q3-fy26-revenue-of-%e2%82%b91561-7-crore-profit-of-%e2%82%b9622-5-crore\/","url_meta":{"origin":177971,"position":2},"title":"Oberoi Realty reports Q3 FY26 revenue of \u20b91,561.7 crore, profit of \u20b9622.5 crore","author":"Staff Correspondent","date":"January 20, 2026","format":false,"excerpt":"Oberoi Realty Ltd (BSE: 533273\/NSE: OBEROIRLTY) reported consolidated revenue of \u20b91,561.7 crore and profit after tax of \u20b9622.5 crore for the third quarter ended December 2025, according to its earnings release. Revenue rose from \u20b91,460.3 crore in the corresponding quarter a year earlier, while profit was broadly stable compared with\u2026","rel":"","context":"In "Earnings"","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":179232,"url":"https:\/\/alphastreet.com\/india\/gpt-healthcare-posts-higher-nine-month-revenue-but-lower-margins-in-q3-fy26\/","url_meta":{"origin":177971,"position":3},"title":"GPT Healthcare posts higher nine-month revenue but lower margins in Q3 FY26","author":"Staff Correspondent","date":"February 2, 2026","format":false,"excerpt":"GPT Healthcare Ltd (BSE: 544131 \/ NSE: GPTHEALTH) reported higher revenue but lower profitability in the quarter ended December 31, 2025, reflecting rising costs and a still-ramping Raipur facility, while nine-month revenue grew at a double-digit rate on the back of higher patient volumes and improved ARPOB. For Q3 FY26,\u2026","rel":"","context":"In "Earnings"","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":177088,"url":"https:\/\/alphastreet.com\/india\/cyient-dlm-ltd-shares-fall-after-q3-fy26-results\/","url_meta":{"origin":177971,"position":4},"title":"Cyient DLM Ltd Shares Fall After Q3 FY26 Results","author":"Staff Correspondent","date":"January 20, 2026","format":false,"excerpt":"Cyient DLM Ltd (NSE: CYIENTDLM, BSE: 543933) shares closed at approximately \u20b9366.3 on Wednesday, down about 2.6% from the previous session, after the company reported its third-quarter financial results for fiscal year 2026. Market Capitalization At the latest close, Cyient DLM\u2019s market capitalization stood at around \u20b92,900 crore. Latest Quarterly\u2026","rel":"","context":"In "Earnings"","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":177751,"url":"https:\/\/alphastreet.com\/india\/nuvama-wealth-management-posts-marginal-revenue-growth-in-q3-fy26-as-wealth-business-expands\/","url_meta":{"origin":177971,"position":5},"title":"Nuvama Wealth Management posts marginal revenue growth in Q3 FY26 as wealth business expands","author":"Staff Correspondent","date":"January 26, 2026","format":false,"excerpt":"Nuvama Wealth Management Ltd (NSE: NUVAMA \/ BSE: NUVAMA) reported consolidated revenue of \u20b9755 crore for the quarter ended December 2025, up 4% year-on-year, while profit after tax stood at \u20b9254 crore, rising 1% from the corresponding period a year earlier, according to its Q3 FY26 earnings release. Operating profit\u2026","rel":"","context":"In "Earnings"","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/177971","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/2390"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=177971"}],"version-history":[{"count":1,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/177971\/revisions"}],"predecessor-version":[{"id":177974,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/177971\/revisions\/177974"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=177971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=177971"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=177971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}