WEWORK INDIA MANAGEMENT L

WeWork India Management Limited held its Q1 FY27 Earnings Conference Call on July 17, 2026, where management emphasized the importance of year-over-year comparisons due to ongoing expansion efforts. CEO Karan Virwani reported that the company closed the quarter with 79 centers, 9.1 million square feet operational, and 133,600 desks, reflecting an 18.5% growth in capacity year-over-year. Membership increased by 30%, reaching 113,000 members, with occupancy rising to 84.9%. Revenue for the quarter was INR 698 crores, a 28.5% increase year-on-year, while EBITDA grew 69% to INR 138 crores. Management highlighted a significant increase in locked-in revenue, which rose 60% year-on-year to INR 3,363 crores. The company also launched a new business services platform for members. Overall, management expressed confidence in the growth trajectory and operational performance despite some sequential revenue fluctuations due to expansion costs.

Management highlighted strong growth metrics and operational performance.