Wework India Management Q2 FY27 Results: Consolidated Net Profit ₹20.44 Crore on Total Income of ₹786 Crore
Earnings
Managed workspace
Blacklitt Research3 min read
Wework India Management reported consolidated total income of ₹786.44 crore and net profit of ₹20.44 crore for the quarter ended 30 Sep 2026 (Q2 FY27). Standalone total income was ₹783.81 crore and standalone net profit ₹19.44 crore.
Key highlights
Consolidated
Including its subsidiaries
Total income: ₹786.44 crore, up 34.3% YoY and 12.2% QoQ
Net profit and EPS: ₹20.44 crore, up 218.9% YoY; basic EPS ₹1.46 against ₹0.47
Finance costs: ₹174.91 crore, 22.2% of total income; up 14.2% YoY
Standalone
The company on its own, without its subsidiaries
Total income: ₹783.81 crore, up 34.3% YoY and 12.4% QoQ
Net profit and EPS: ₹19.44 crore, up 163.1% YoY; basic EPS ₹1.40 against ₹0.55
Finance costs: ₹174.89 crore, 22.3% of total income; up 14.2% YoY
Summary
Consolidated ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
786.44
585.54
+34.3%
700.74
+12.2%
Revenue from operations
775.34
585.02
+32.5%
693.38
+11.8%
Other income
11.10
0.52
n/a
7.36
+50.7%
20.44
6.41
+218.9%
-4.06
n/a
Finance costs
174.91
153.19
+14.2%
176.14
-0.7%
Depreciation
314.25
231.21
+35.9%
282.78
+11.1%
Tax expense
0.02
-0.17
n/a
0.12
-83.3%
Net profit margin
2.60%
1.09%
+1.50 pp
-0.58%
+3.18 pp
Tax as share of profit before tax
0.1%
n/a
n/a
n/a
n/a
EPS, basic (₹)
1.46
0.47
+210.6%
n/a
n/a
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Consolidated net profit rose 218.9% year on year, faster than total income, which rose 34.3%. Profit before tax was ₹20.45 crore against ₹6.24 crore a year earlier, and the tax line was a charge of ₹0.02 crore against a credit of ₹0.17 crore.
Of the ₹20.44 crore net profit, ₹20.28 crore is attributable to owners of the parent and ₹15.2 lakh to non-controlling interests. Other income of ₹11.10 crore is 1.4% of total income but 54.3% of profit before tax of ₹20.45 crore.
Finance costs of ₹174.91 crore are 22.2% of total income and up 14.2% on the year-earlier quarter. Depreciation rose 35.9% to ₹314.25 crore from ₹231.21 crore, and basic EPS was ₹1.46 against ₹0.47.
The year ended 31 Mar 2026 includes an exceptional item of ₹4.33 crore, a one-time increase in the provision for employee benefits after four Labour Codes were notified on 21 Nov 2025. The quarter ended 30 Sep 2026 carries no exceptional item. The company says rules under the Labour Codes are still being notified and their impact will be accounted for when they are.
Standalone ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
783.81
583.82
+34.3%
697.03
+12.4%
Revenue from operations
772.71
583.30
+32.5%
689.67
+12.0%
Other income
11.10
0.52
n/a
7.36
+50.8%
19.44
7.39
+163.1%
-4.58
n/a
Finance costs
174.89
153.18
+14.2%
176.13
-0.7%
Depreciation
314.04
230.92
+36.0%
282.54
+11.1%
Tax expense
0.00
0.00
n/a
0.00
n/a
Net profit margin
2.48%
1.27%
+1.21 pp
-0.66%
+3.14 pp
Tax as share of profit before tax
0.0%
0.0%
+0.00 pp
n/a
n/a
EPS, basic (₹)
1.40
0.55
+154.5%
n/a
n/a
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit rose 163.1% year on year, in line with profit before tax, which also rose 163.1%. Profit before tax was ₹19.44 crore against ₹7.39 crore a year earlier, and tax was nil (₹0.00 crore) in both quarters.
Standalone other income of ₹11.10 crore is 57.1% of profit before tax of ₹19.44 crore, and finance costs of ₹174.89 crore are 22.3% of total income of ₹783.81 crore. Consolidated net profit of ₹20.44 crore is ₹1.00 crore higher than the standalone figure; the consolidated statement adds the share of profit of the associate, MyHQ Anarock Private Limited, which was ₹86.9 lakh for the quarter.
The standalone statement also records a one-time Labour Codes provision of ₹4.29 crore in the year ended 31 Mar 2026. The quarter ended 30 Sep 2026 carries no exceptional item.
Inference
The board gave final approval on 26 Oct 2026 to a 10 MWp captive solar power plant in Karnataka, at an estimated project cost of ₹34.25 crore. A reader would want the timetable and funding for the plant, which the filing does not give.
Paid-up equity share capital was ₹138.87 crore on 30 Sep 2026. In the quarter the company granted 439,510 employee stock options under the Equity Incentive Plan 2018 and allotted 279,961 shares on exercise of options.
The company has filed a scheme with the NCLT for reduction of share capital, under which accumulated losses of ₹2,050.16 crore as at 31 Mar 2026 would be adjusted against securities premium. The shares were listed on NSE and BSE on 10 Oct 2025 after an offer for sale worth ₹2,999.64 crore.
Create a free account to read the rest of this article and the analysis that follows.
By continuing you agree to our Terms and Privacy Policy, and to receive updates from Blacklitt by email. You can unsubscribe anytime.
Disclaimer:
The information available on this article is provided for education and informational purposes only. It does not constitute or provide financial, investment or trading advice and should not be construed as an endorsement of any specific stock or financial strategy in any form or manner. We do not make any representations or warranties regarding the quality, reliability, or accuracy of the information provided. This website may contain links to third-party content. We are not responsible for the content or accuracy of these external sources and do not endorse or verify the information provided by third parties. We are not liable for any decisions made or actions taken based on the information provided on this website.
WEWORKWework India Management Ltd.