WeWork India revenue climbs 25% in FY26, profit dips on tax base effect
Audited Q4 revenue up 29% to ₹692.8 cr; net profit jumps 72% to ₹64.4 cr. Full-year profit drops from ₹130.5 cr to ₹72.2 cr due to prior-year deferred tax credit.
— 3 earlier stories on Wework India Management Ltd. →What's new
- Audited Q4 revenue ₹692.8 cr, up 29% YoY; full-year ₹2,432 cr, up 25%.
- Net profit Q4 jumped 72% to ₹64.4 cr; annual profit ₹72.2 cr vs ₹130.5 cr.
- Prior-year profit included a deferred tax credit; FY26 had no such benefit.
Why this matters
The audited results confirm the preliminary numbers, removing any restatement risk. The profit decline is purely a tax-timing effect — underlying operations are stronger than the headline suggests.
What we're watching
- Whether Q4 growth momentum sustains into FY27.
- Any update on occupancy or pricing in the management commentary.
- If the tax base normalises, FY27 profit should rebound.
The full read
WeWork India Management's audited FY26 numbers are out, and they match the earlier preliminary release. Revenue hit ₹2,432 crore, up 25%, with Q4 alone contributing ₹692.8 crore — a 29% YoY jump. Net profit for the quarter rose 72% to ₹64.4 crore, but the full-year figure fell to ₹72.2 crore from ₹130.5 crore, entirely because the prior year had a deferred tax credit. No such benefit recurred. The audit opinion is unmodified. For a company growing revenue at a quarter-century clip and showing accelerating profitability sequentially, the annual profit dip is a footnote, not a red flag.
Story so far
All notes on WEWORK →- Today · 1:24 PM IST WeWork India revenue climbs 25% in FY26, profit dips on tax base effect
- 3d ago WeWork India revenue jumps 28.6% in Q4; launches RIVET unit
- 3d ago WeWork India turns net debt negative, FY26 PAT more than doubles
- 3d ago WeWork India's Q4 profit jumps 72% but full-year net halves on tax base effect