Wework India Management Q1 FY27 earnings call: Revenue & Margins
Q1 FY27 earnings call: what management said on revenue, margins and capex.
- Revenue
- ₹680Cr
- +27.3% YoY
- −1.9% QoQ
- Net profit
- −₹5Cr
- Q1 FY26: −₹15 Cr
- Margin
- 64%
- +1 pp YoY
- −1 pp QoQ
Guidance rank: #10 of 38 in Commercial Services & Supplies
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What the Q1 FY27 call signalled
4 of 5 strong
The short version
Sales showed strong growth with 12,700 desks sold in the latest quarter, up 28% YoY; April was the biggest sales month with 7,500 desks sold without discounting. - Members are growing faster than desks, contributing to rising occupancy (84.9% total; growth centers at 65%). - Capacity expected to expand by about 15,000 seats in Q2 and another approx. WeWork India expects consistent quarter-on-quarter growth in revenue and EBITDA throughout FY27, with a 20%+ annualized growth target.
From Wework India Management Ltd's Q1 FY27 earnings-call transcript · updated 23 Sept 2026.
Revenue & Sales Performance
- Sales showed strong growth with 12,700 desks sold in the latest quarter, up 28% YoY; April was the biggest sales month with 7,500 desks sold without discounting.
- Members are growing faster than desks, contributing to rising occupancy (84.9% total; growth centers at 65%).
- Capacity expected to expand by about 15,000 seats in Q2 and another approx. 20,000 seats by October, with good pipeline visibility.
- Revenue growth targeted at over 20% annually, with consistent quarter-on-quarter improvement in EBITDA and margins.
- Digital revenues growing faster than core segments, contributing to margin expansion.
- Contracted revenue increased 60% YoY, outpacing rent cost growth significantly.
2 more points from Wework India Management Ltd's call on revenue
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Profitability & Margins
WeWork India expects consistent quarter-on-quarter growth in revenue and EBITDA throughout FY27, with a…
Locked: what Wework India Management Ltd said on margins
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Capital Expenditure Plans
- The company maintains a capex guidance of INR 500 crores to INR 600 crores for the year, with visibility currently intact.
- There might be changes if large managed office deals arise, requiring additional capex, with clarity expected by the next quarter.
- Around 22,000 desks are planned to open in H1 FY27, including managed office deals, some already operational as of July.
- The company is investing in regular refurbishments for WeWork branded spaces at years six and seven, putting 5% to 10% of initial capex back into the space.
- Customization revenue from managed offices is expected to be amortized over the lease term to smooth lumpiness.
2 more points from Wework India Management Ltd's call on capex
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Top-ranked in Commercial Services & Supplies
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
Currently, there is a promoter share pledge of about INR570 crores due to debt leftover after the IPO…
Locked: what Wework India Management Ltd said on fundraising
Also locked on this page: margins
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Order Book & Pipeline
- The current contract backlog (orderbook) stands at approximately INR 3,363 crores.
- This represents the average committed rent over the portfolio, with an average remaining term of about 27 months.
- The contract backlog has grown about 60% year-over-year and about 15% sequentially.
- This amount reflects the remaining value in signed contracts, not the revenue per quarter.
- Renewals are strong, with an 84% renewal rate in the latest quarter, implying continued renewal on a significant portion of the booked backlog.
- New sales and additions continue to increase the backlog over time.
2 more points from Wework India Management Ltd's call on order book
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Wework India Management Ltd — Quarterly revenue & net profit
Wework India Management Ltd Q1 FY27 results — key figures
| ₹ Cr | Q1 FY27 | Q1 FY26 | YoY | Q4 FY26 | QoQ |
|---|---|---|---|---|---|
| Revenue | 680 | 534 | +27.3% | 693 | -1.9% |
| Operating profit (EBITDA) | 437 | 335 | +30.4% | 449 | -2.7% |
| Operating margin | 64% | 63% | +1 pp | 65% | -1 pp |
| Profit before tax | -5 | -15 | — | 42 | -111.9% |
| Net profit (PAT) | -5 | -15 | — | 64 | -107.8% |
| EPS (₹) | -0.33 | -1.09 | — | 4.75 | -106.9% |
Source: reported quarterly figures (Screener), ₹ crore.
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹765 Cr, net profit ₹19 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Wework India's management said in earlier quarters
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Potential multibaggers · Q2 FY27
Potential multibaggers in Commercial Services & Supplies
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Wework India Management Ltd Q1 FY27 results?
Sales showed strong growth with 12,700 desks sold in the latest quarter, up 28% YoY; April was the biggest sales month with 7,500 desks sold without discounting. - Members are growing faster than desks, contributing to rising occupancy (84.9% total; growth centers at 65%). - Capacity expected to expand by about 15,000 seats in Q2 and another approx. WeWork India expects consistent quarter-on-quarter growth in revenue and EBITDA throughout FY27, with a 20%+ annualized growth target.
What is Wework India Management Ltd share price analysis?
Wework India Management Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 109.3 with a market cap of ₹9,460 Cr. Investors should review the full earnings analysis for detailed insights.
Is Wework India Management Ltd planning capital expenditure?
The company maintains a capex guidance of INR 500 crores to INR 600 crores for the year, with visibility currently intact.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.