WeWork India Management has reported its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The Board of Directors approved the results at its meeting held on May 21, 2026. The company posted a consolidated net profit of Rs 749.18 million for the fiscal year, marking a turnaround from the previous year's performance.

Financial Performance Overview

For the year ended March 31, 2026, the company reported revenue from operations of Rs 24,401.80 million, compared to Rs 19,492.11 million in the prior year. Total income for the year stood at Rs 24,904.28 million. On a standalone basis, revenue from operations was Rs 24,317.63 million, with a net profit of Rs 722.15 million for the year.

Quarterly Results

In the quarter ended March 31, 2026, the consolidated net profit was Rs 658.70 million. Revenue from operations for the quarter increased to Rs 6,960.63 million from Rs 5,393.67 million in the corresponding quarter of the previous year. The standalone net profit for the quarter was Rs 643.72 million.

Key Financial Metrics

The company's earnings per share (EPS) on a consolidated basis for the year was Rs 5.55 on a basic basis and Rs 5.40 on a diluted basis. For the quarter, basic EPS was Rs 4.88. The paid-up equity share capital of the company increased to Rs 1,353.78 million during the year pursuant to the allotment of equity shares on the exercise of stock options by employees.

The statutory auditors, M/s. S.R. Batliboi & Associates LLP, issued an audit report with an unmodified opinion on the standalone and consolidated financial results.

WeWork India Management Limited has uploaded the audio and video recordings of its Q4 FY26 Earnings Conference Call held on May 22, 2026. The recordings are now available on the company's website. This disclosure follows the earlier announcement of the financial results for the period ended March 31, 2026.

Q4 FY26 Financial Highlights

The company delivered broad-based growth across profitability and margin metrics. For the full year ended March 31, 2026, revenue from operations increased to ₹2,477.4 Cr from ₹2,007.3 Cr in the previous year. The annual standalone net profit was ₹179 Cr. The EBITDA margin for the quarter expanded to 23.2% from 20.9% on a year-on-year basis, reflecting improved operational efficiency. The following table summarises the key financial performance for the quarter:

Operational and Balance Sheet Updates

WeWork India closed FY26 with an operational footprint of 8.6 million sq ft across 76 centres in 8 cities. Portfolio occupancy reached an all-time high of 86.9%. The company turned net debt negative for the first time at -₹11.7 Cr, compared to a net debt of ₹215.3 Cr a year ago. The credit rating was upgraded two notches from A- to A+.

Board Meeting and Results Approval

The financial results were considered and approved at the Board of Directors meeting held on May 21, 2026. The meeting commenced at 12:00 noon (IST) and concluded at 1:03 p.m. (IST). The primary agenda included the approval of audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. M/s. S.R. Batliboi & Associates LLP, Statutory Auditors, issued audit reports with unmodified opinions on the aforesaid results.

Earnings Conference Call Details

Management hosted an earnings conference call on Friday, May 22, 2026, at 10:00 a.m. IST to discuss the financial performance for the fourth quarter and full fiscal year. Stakeholders were able to join via webcast or pre-register for the event, with universal and international dial-in numbers provided for participants.

Trading Window Closure

In accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for Designated Persons and their immediate relatives remains closed. The window closed on April 1, 2026, and will reopen 48 hours after the declaration of the financial results.