WEWORK
WeWork India Management share price & financials
- Price
- ₹630.55
- Market cap
- ₹9.7k Cr
- Sector
- Services
- Calls analysed
- 4
WeWork India Management Limited Q1 FY27
What went well
- Revenue of INR698 crores, up 28.5% YoY, driven by strong demand and expansion.
- EBITDA of INR138 crores, up 69% YoY, with margin expanding to 19.8% from 15% last year.
- PAT of INR53.2 crores, a 6.5x jump YoY from INR8.4 crores, with margin at 7.6%.
What to watch
- Sequential revenue and EBITDA figures appeared softer due to the growth cycle (fixed costs precede revenue) and the non-recurrence of a one-time customization revenue of INR47 crores from Q4 FY26, which was INR9.5 crores this quarter.
- Free Cash Flow From Operations (FCFF) was negative INR46.1 crores due to significant capex of INR188 crores in Q1 FY27, reflecting a growth-intensive quarter.
What WeWork India Management Limited does
WeWork India leases large commercial floor plates from landlords, fits them out, and sub-lets flexible workspace to enterprises and individuals on desk/seat-based membership terms across its network of centres. Alongside its core flexible workspace (WeWork-branded centres and managed offices for larger enterprise clients), it runs Rivet, a standalone design-and-build business that monetises its in-house design and construction capabilities independent of taking up WeWork centre space. Its member base spans large domestic and global enterprises, including technology, BFSI, GCC, and professional-services firms, across metro and tier-1 Indian cities.
Segments
- Flexible workspace (WeWork centres & managed offices)
- Rivet (Design & Build)
- Operational centres
- 76 centres across 8 cities
- Operational area
- 8.6 million sq ft operational (11.6 million sq ft total incl. signed LOIs)
- Operational desk capacity
- 126,900 desks
- Total members on platform
- 110,200 members
- Contracted/locked-in desk capacity
- 174,500 desks (operational + signed leases + LOIs)
- City-wise centre footprint
- Bengaluru (29), Mumbai (14), Gurgaon (12), Pune (8), Hyderabad (6), Noida (3), Chennai (3), Delhi (1)
Guidance record · Q1 FY27
what the last two calls moved 18 tracked 4 delivered 1 missed 13 open- Value-Added Services Revenue Share at risk said Q3 FY26 Promised: 12% to 14% of our overall revenue on an ongoing steady state basis Q1 FY27: Management revised guidance to 11-12% for VAS and added a 3-4% target for Digital. The Q1 VAS run-rate was ~1.4%, significantly below the revised target.
- Revenue Growth delivered said Q2 FY26 Promised: Targeting upwards of 20% type of growth numbers Q4 FY26: Delivered 23% YoY revenue growth for FY26, exceeding the >20% target.
- Capacity Expansion (Desks) missed said Q2 FY26 Promised: 20,000 to 25,000 desk additions year-over-year Q4 FY26: Added 17,500 seats in FY26, missing the 20,000-25,000 target. Management guided for ~28,000 additions in FY27.
All 18 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 27.4%, net profit up 68.7% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 469 | 490 | 536 | 534 | 573 +22% | 632 +29% | 693 +29% | 680 +27% |
| EBITDA | 298 | 312 | 343 | 335 | 381 +28% | 407 +31% | 449 +31% | 437 +31% |
| Net profit | 204 | -84 | 37 | -15 | 7 −96% | 15 +118% | 64 +72% | -5 +69% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +6.6% 1Y
1Y: ₹628.65 on 10 Oct 2025 → ₹670.25. High ₹755.4 (7 Aug 2026), low ₹426.5 (9 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- −6.9%
- 17 Jul
- Q4 FY26
- −1.5%
- 22 May
- Q3 FY26
- +0.0%
- 28 Jan
- Q2 FY26
- −1.1%
- 10 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
| Year ending | FY26 |
|---|---|
| Revenue | ₹2.4k Cr |
| Operating profit | ₹1.6k Cr |
| Operating margin | 64.7% |
| Interest | ₹601 Cr |
| Depreciation | ₹966 Cr |
| Net profit | ₹72 Cr |
| Net margin | 3.0% |
| Cash from operations | ₹1.7k Cr |
| Free cash flow | ₹1.1k Cr |
| ROCE | 21.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹2 Cr | ₹55 Cr | ₹55 Cr | ₹197 Cr | ₹134 Cr | ₹135 Cr |
| Reserves | ₹-1.2k Cr | ₹-210 Cr | ₹-346 Cr | ₹-628 Cr | ₹67 Cr | ₹170 Cr |
| Borrowings | ₹2.3k Cr | ₹292 Cr | ₹481 Cr | ₹625 Cr | ₹4.8k Cr | ₹5.5k Cr |
| Other liabilities | ₹628 Cr | ₹3.8k Cr | ₹4.2k Cr | ₹4.3k Cr | ₹971 Cr | ₹1.2k Cr |
| Total liabilities | ₹1.6k Cr | ₹4.0k Cr | ₹4.4k Cr | ₹4.5k Cr | ₹6.0k Cr | ₹7.1k Cr |
| Fixed assets | ₹823 Cr | ₹3.3k Cr | ₹3.6k Cr | ₹3.6k Cr | ₹4.7k Cr | ₹5.8k Cr |
| Capital work in progress | ₹0 Cr | ₹1 Cr | ₹13 Cr | ₹15 Cr | ₹42 Cr | ₹38 Cr |
| Investments | ₹86 Cr | ₹0 Cr | ₹62 Cr | ₹189 Cr | ₹46 Cr | ₹283 Cr |
| Other assets | ₹733 Cr | ₹657 Cr | ₹767 Cr | ₹687 Cr | ₹1.1k Cr | ₹999 Cr |
| Total assets | ₹1.6k Cr | ₹4.0k Cr | ₹4.4k Cr | ₹4.5k Cr | ₹6.0k Cr | ₹7.1k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Dec 2025, the public added +2.79 pp while FIIs trimmed −2.33 pp. The shareholder count shrank 5% to 49,870.
- Promoters
- 48.3%
- FIIs
- 19.6%
- DIIs
- 25.9%
- Public
- 6.2%
Since Dec 2025
- Public +2.79 pp
- FIIs −2.33 pp
- Promoters −1.50 pp
How it drifted, 3 quarters
Over this window the public went from 3.4% to 6.2% — +2.8 pp.
Ownership split by quarter, oldest first. Dec '25: Promoters 49.8%, FIIs 22.0%, DIIs 24.8%, Public 3.4%.Mar '26: Promoters 49.4%, FIIs 20.4%, DIIs 25.6%, Public 4.6%.Jun '26: Promoters 48.3%, FIIs 19.6%, DIIs 25.9%, Public 6.2%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Canara Robeco Mutual Fund A/C Canara Robeco Multi Cap Fund Mutual fund +0.38 pp 2.23% held
- Motilal Oswal Small Cap Fund Mutual fund +0.14 pp 1.21% held
The same filing shows 3 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of WeWork India Management Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Embassy Buildcon LLP (EBLLP) | 48.16% | −1.14 pp |
| 1 Ariel Way Tenant Limited Corporate | 14.82% | −0.35 pp |
| HDFC Trustee Company Ltd. A/C HDFC Balanced Advantage Fund Mutual fund | 5.55% | unchanged |
| Invesco India Business Cycle Fund Mutual fund | 3.81% | −0.14 pp |
| ICICI Prudential Technology Fund Mutual fund | 2.28% | unchanged |
| Canara Robeco Mutual Fund A/C Canara Robeco Multi Cap Fund Mutual fund | 2.23% | +0.38 pp |
| Aditya Birla Sun Life Insurance Company Limited Insurer | 1.48% | unchanged |
| Goldman Sachs Funds - Goldman Sachs India Equity Portfolio Global fund house | 1.46% | unchanged |
| Motilal Oswal Small Cap Fund Mutual fund | 1.21% | +0.14 pp |
| HDFC Life Insurance Company Limited Insurer | 1.19% | unchanged |
| Neel Virwani | 0.05% | unchanged |
| Karan Virwani | 0.05% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in WEWORK
Filings to Jul 2026
0 new, 0 added, 1 trimmed, 0 sold out — net −1.80 L shares (−2.4%).
- Held by funds
- ₹548 Cr
- 4 schemes
- Biggest holder
- HDFC Balanced Advantage Fund
- ₹450 Cr · 0.4% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| HDFC Balanced Advantage Fund HDFC Mutual Fund | ₹450 Cr | held | Oct '25 |
| HDFC Value Fund HDFC Mutual Fund | ₹76 Cr | held | Nov '25 |
| HDFC Business Cycle Fund HDFC Mutual Fund | ₹15 Cr | −1.80 L | Oct '25 |
| HDFC Infrastructure Fund HDFC Mutual Fund | ₹7 Cr | held | Dec '25 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Jul 2026
0 added, 1 trimmed — net −1.80 L shares (−2.4%)
- Funds are sitting on
- +0%
- vs est. average cost
- Held by funds
- ₹548 Cr
- 4 schemes · ≈ 4.8% of the company
- Biggest holder
- HDFC Balanced Advantage Fund
- ₹450 Cr · 0.4% of that fund
Shares held by these funds +36%
Oct '25 73.64 L shares Jul '26
All earnings calls (4)
Read the Q1 FY27 call →Learn to analyse WeWork India Management Limited
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