By Arosh John, Founder, John Real Estate (MahaRERA Reg. No. A51700001835) | Editor-in-Chief, Thane Real Estate News (TREN)
India | 31 January 2026
WeWork India Management Limited reported a profitable quarter in Q3 FY26 (quarter ended 31 December 2025), with a consolidated profit after tax (PAT) of ₹16.79 crore. In the same quarter last year, the company had reported a consolidated loss of ₹83.12 crore.
The company’s total income for Q3 FY26 came in at ₹643.82 crore, compared to ₹508.37 crore in the year-ago quarter.
For India’s flex-office segment, this quarter is best read as a straightforward execution update: stronger scale, high occupancy, and enterprise-heavy demand — with profitability showing up in statutory results.
Statutory results (Consolidated, Ind AS)
For Q3 FY26, the company reported:
- Total income: ₹643.82 crore
- PAT: ₹16.79 crore
- PAT attributable to owners of the parent: ₹16.70 crore
- PAT attributable to non-controlling interests: ₹0.09 crore
Occupancy and portfolio scale (as disclosed)
WeWork India’s investor presentation indicates a portfolio operating at high utilisation levels:
- Operational desk capacity: 121.6k
- Occupied members: 102.1k
- Portfolio-level occupancy: 83.9%
- Mature centres occupancy: 86.6%
- Operational footprint: 73 centres across 8 cities
- Operational leasable area: 8.2 million sq ft
- AUM (including LOIs): 11.4 million sq ft
In plain terms: the platform is not running on sporadic coworking demand. It is increasingly anchored by larger, steadier occupiers.
Revenue mix (as disclosed)
The company also disclosed a diversified mix across workspace and services:
- Workspace-as-a-service (including Private Offices + Managed Office): 83.4%
- Managed office contribution (portfolio revenue): ~21%
- Value-added services: 13.5%
- Digital products: 3.1%
Reader note: These are company classifications and should be treated as mix indicators; they may not behave like a single “adds-to-100” table.
Pipeline visibility
On forward capacity, the company has indicated that about 40% of incremental capacity growth is locked in via signed leases and LOIs, with a disclosed ramp path towards:
- 8.7 million sq ft by March 2026
- 10.3 million sq ft by March 2027
- Longer-term capacity of ~11.4 million sq ft and ~170.6k desks (as presented)
Management metrics (separately disclosed)
The company also published “IGAAP-equivalent” metrics for Q3 FY26 (management view), including:
- Total revenue: ₹640.3 crore
- EBITDA: ₹134.6 crore
- PAT: ₹52.0 crore
- ROCE: 32.6%
- Free cash from operations: ₹203.8 crore
These are presented as management performance indicators and can differ from statutory reported results due to specific adjustments described by the company.
About the Author
Arosh John is the Founder of John Real Estate (MahaRERA Reg. No. A51700001835) and Editor-in-Chief of Thane Real Estate News (TREN). With over a decade of on-ground advisory experience in Thane and the wider Mumbai Metropolitan Region (MMR), he specialises in end-user and investor transactions across residential apartments, premium resale, and luxury villas. Through TREN, he closely follows real estate news, infrastructure upgrades, redevelopment movement, and policy/regulatory changes that shape demand, pricing, and future supply across Thane, Mumbai, and MMR.
Disclaimer
This article is for information and editorial reporting only. It does not constitute investment advice or a recommendation. Readers should refer to official company disclosures and consult qualified advisors before making decisions.
