WeWork India Q3: Profit Soars to ₹52 Crore, Stock Recovers Despite Initial Drop
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CNBC TV18•27-01-2026, 11:31
WeWork India Q3: Profit Soars to ₹52 Crore, Stock Recovers Despite Initial Drop
- •WeWork India's stock initially fell 4% but recovered to trade 1% higher after Q3 results.
- •Adjusted revenue grew 9.6% sequentially to ₹634 crore, with EBITDA up 13.7% to ₹134.6 crore.
- •The company reported an adjusted profit of ₹52 crore, a significant turnaround from an ₹83 crore loss last quarter.
- •Core operations, including WorkSpace as a Service, contributed 83.4% to the topline.
- •WeWork India manages 8.2 million sq ft across 73 centers in eight cities, with 83.9% occupancy.
Why It Matters: WeWork India achieved a significant profit turnaround in Q3, driven by strong revenue growth and occupancy.
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