Realty firm WeWork India on Tuesday reported a consolidated net profit of Rs 16.78 crore in the third quarter of the current fiscal year, driven by higher revenue.
In contrast, the company had recorded a net loss of Rs 83.11 crore in the same quarter last year, highlighting a sharp year-on-year turnaround.
According to a regulatory filing, total income increased to Rs 643.81 crore during the October–December period, compared with Rs 508.37 crore in the corresponding quarter of the previous fiscal.
However, on a cumulative basis, WeWork India reported a net profit of Rs 9.04 crore in the first nine months of this fiscal year, down from Rs 91.45 crore in the year-ago period.
Meanwhile, total income for the April–December period rose to Rs 1,775.07 crore, up from Rs 1,469.13 crore in the corresponding period of the previous year, reflecting steady topline expansion.
Established in 2017, WeWork India operates across eight cities—Chennai, New Delhi, Gurugram, Noida, Mumbai, Bengaluru, Pune, and Hyderabad. Currently, the company runs 73 operational centres, collectively covering 8.2 million square feet of area.
Commenting on the performance, Karan Virwani, Managing Director & CEO of WeWork India, said the company’s focus continues to remain on profitable growth, technology-led differentiation, and sustainable portfolio expansion.
“With a robust supply pipeline, diversified enterprise client base, and improving unit economics, WeWork India is well-positioned to sustain growth momentum and continue delivering long-term value to its stakeholders,” he added.
Notably, during the 2024–25 fiscal year, the company posted a net profit of Rs 128.18 crore on revenue of Rs 2,024 crore, reinforcing its improving financial trajectory.
WeWork India’s return to quarterly profitability, coupled with consistent revenue growth and operational scale, signals strengthening fundamentals. As the company sharpens its focus on efficiency, technology, and portfolio expansion, it appears well placed to sustain long-term, profitable growth in India’s evolving flexible workspace market.
