WeWork India's Q4 profit jumps 72% but full-year net halves on tax base effect
Standalone Q4 revenue at ₹693 cr, net profit ₹64 cr; FY26 profit down to ₹72 cr from ₹131 cr as deferred tax credits reverse.
— 3 earlier stories on Wework India Management Ltd. →What's new
- Q4 standalone revenue ₹693 cr, up 29% YoY
- Q4 net profit ₹64 cr, up 72% YoY
- FY26 net profit slipped to ₹72 cr from ₹131 cr as prior year had deferred tax credits
Why this matters
The sharp Q4 beat shows operating scale from capacity additions, but the full-year profit drop reminds investors that FY25's bottom line was flattered by one-off tax credits. The unmodified audit opinion provides assurance on reported numbers. The open question is whether Q4 momentum can offset the base-effect drag in FY27.
What we're watching
- Whether Q4 growth sustains into H1 FY27
- Capacity addition pace and occupancy trends
- Any deferred tax credit reversals in future quarters
The full read
WeWork India delivered a strong Q4 FY26: standalone revenue of ₹693 crore (up 29% YoY) and net profit of ₹64 crore (up 72% YoY), driven by capacity additions and operating scale. For the full year, revenue grew 25% to ₹2,432 crore, but net profit fell to ₹72 crore from ₹131 crore in FY25, which had benefited from large deferred tax credits. The audit opinion was unmodified. The Q4 performance underscores the company's improving margins, but the full-year profit drop due to base effects is a reminder that FY25's profit was inflated by non-operating items. With a clean audit, the focus now shifts to whether the quarterly momentum can be sustained into FY27.
Story so far
All notes on WEWORK →- Today · 1:17 PM IST WeWork India's Q4 profit jumps 72% but full-year net halves 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 revenue climbs 25% in FY26, profit dips on tax base effect