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WeWork India reports ₹573 crore Q2 revenue, profit declines as tax gains fade
WeWork India’s Q2 revenue rose 22% YoY to ₹573 crore, though profits declined due to reduced tax benefits and higher operating expenses.
WeWork India posted record second-quarter revenue of ₹573 crore, marking a 22.25 percent year-on-year increase driven by higher occupancy and enterprise demand. However, quarterly profit declined as tax credits and deferred benefits that boosted earlier quarters tapered off. Operational margins remained stable as the firm continued expanding flexible workspace portfolios across Bengaluru and Mumbai.
The company reiterated its focus on long-term profitability through higher seat utilization, diversified co-working models, and enterprise leasing partnerships in Tier-1 business districts.