WeWork India Management has reported a 219% increase in consolidated net profit to Rs 20.4 crore for the September quarter of FY27, from Rs 6.4 crore a year earlier, as revenue growth outpaced expenses, Inc42 reported. The company also returned to profitability sequentially, against a net loss of Rs 4.1 crore in Q1 FY27.

Source: Inc42

Operating revenue rose 33.6% to Rs 767.8 crore from Rs 574.7 crore a year earlier, and total income stood at Rs 786.4 crore, Inc42 reported. On the company's IGAAP-equivalent basis, which adjusts the treatment of leases, net profit was Rs 65.8 crore, up 67.4% from Rs 39.3 crore, and total revenue was Rs 768.7 crore, up 31.6%, Inc42 and Flash Finance reported.

Source: Inc42

On the same IGAAP basis, EBITDA increased 37.6% to Rs 162.9 crore, with the margin expanding to 21.2%, and free cash flow from operations rose 149.2% to Rs 237.7 crore, Flash Finance and Equity Bulls reported.

Source: Equity Bulls

The company added 11,700 desks in Q2, its largest half-year expansion, taking operational capacity to 145,300 desks across 85 centres in eight cities, with portfolio occupancy at 89.1%, Equity Bulls reported. Global capability centres now contribute 40.8% of core revenue, and the company moved to a net cash position of Rs 23.1 crore, from net debt of Rs 310.5 crore a year ago, Equity Bulls reported.

Source: Equity Bulls