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Transcript of Q2 FY27 Earnings Call

Newspaper Publication of Unaudited Financial Results for Q2 FY27

Audio and Video Recordings of the Q2 FY27 Earnings Call

Special Consumer Services company WeWork India Management announced Q2FY27 results Consolidated Financial Highlights: Revenue from operations stood at Rs 7,678.38 million for Q2FY27, growing by 12.28% QoQ from Rs 6,838.32 million in Q1FY27 and up 33.61% YoY from Rs 5,747.02 million in Q2FY26. For H1FY27, consolidated revenue from operations reached Rs 14,516.70 million, showing a YoY expansion of 30.78% from Rs 11,100.12 million in H1FY26. Total income reached Rs 7,864.39 million for Q2FY27, increasing by 12.23% QoQ from Rs 7,007.40 million in Q1FY27 and rising by 34.31% YoY from Rs 5,855.42 million in Q2FY26. For H1FY27, consolidated total income stood at Rs 14,871.79 million, a YoY growth of 31.46% compared to Rs 11,312.55 million in H1FY26. Interest Earned is not recorded as a separate primary income row item, but consolidated finance income stood at Rs 170.48 million for H1FY27, down 15.30% YoY from Rs 201.28 million in H1FY26. Profit before tax (PBT) stood at Rs 204.51 million for Q2FY27, showing a turnaround from a loss before tax of Rs 39.43 million in Q1FY27 and growing by 227.79% YoY from a profit before tax of Rs 62.39 million in Q2FY26. For H1FY27, consolidated PBT achieved a turnaround to Rs 165.08 million from a loss before tax of Rs 78.59 million in H1FY26. Profit after tax (PAT) stood at Rs 204.35 million for Q2FY27, making a structural turnaround from a net loss of Rs 40.61 million in Q1FY27 and expanding by 219.00% YoY from a net profit of Rs 64.06 million in Q2FY26. For H1FY27, consolidated PAT reached Rs 163.74 million, turning around from a consolidated net loss of Rs 77.41 million in H1FY26. Earnings per share (EPS) basic was Rs 1.46 for Q2FY27, displaying a strong recovery QoQ from a negative basic EPS of Rs 0.31 in Q1FY27 and increasing by 210.64% YoY from Rs 0.47 in Q2FY26. For H1FY27, basic EPS turned around to Rs 1.15 from a negative EPS of Rs 0.58 in H1FY26. Standalone Financial Highlights: Revenue from operations stood at Rs 7,653.04 million for Q2FY27, marking a 12.51% QoQ increase from Rs 6,802.02 million in Q1FY27 and a 33.55% YoY increase from Rs 5,730.30 million in Q2FY26. For H1FY27, standalone revenue from operations was Rs 14,455.06 million, growing by 30.58% YoY from Rs 11,069.84 million in H1FY26. Total income reached Rs 7,838.13 million for Q2FY27, higher by 12.45% QoQ from Rs 6,970.27 million in Q1FY27 and increasing by 34.26% YoY from Rs 5,838.20 million in Q2FY26. For H1FY27, standalone total income stood at Rs 14,808.40 million, up 31.27% YoY compared to Rs 11,281.13 million in H1FY26. Profit before tax (PBT) was recorded at Rs 194.36 million for Q2FY27, turning around from a loss before tax of Rs 45.82 million in Q1FY27 and increasing by 163.11% YoY from Rs 73.87 million in Q2FY26. For H1FY27, standalone PBT turned around to Rs 148.54 million from a loss before tax of Rs 72.21 million in H1FY26. Profit after tax (PAT) stood at Rs 194.36 million for Q2FY27, showing a turnaround from a loss of Rs 45.82 million in Q1FY27 and up by 163.11% YoY from Rs 73.87 million in Q2FY26. For H1FY27, standalone PAT recorded a turnaround of Rs 148.54 million relative to a loss of Rs 72.21 million in H1FY26. Earnings per share (EPS) basic stood at Rs 1.40 for Q2FY27, making a complete recovery QoQ from a negative EPS of Rs 0.33 in Q1FY27 and up 154.55% YoY from Rs 0.55 in Q2FY26. For H1FY27, standalone basic EPS turned around to Rs 1.07 against a negative basic EPS of Rs 0.54 in H1FY26. Karan Virwani, Managing Director & CEO, WeWork India, said: “India's next phase of growth will be shaped by businesses that need to move faster, scale smarter and adapt continuously. The workspace must be built to support that ambition. From GCCs building global capabilities and AI-led businesses scaling new technologies to established enterprises rethinking how they operate, workspace requirements are becoming increasingly diverse. At WeWork India, we have played a defining role in building the country's premium, branded flexible workspace ecosystem, creating a platform that serves businesses of every size and at every stage of growth. Our strength lies in this breadth of offerings, combined with the scale, consistency and experience that businesses increasingly expect from their workspaces. Our Q2 performance validates the strength of this model. Even as we undertook our largest-ever capacity expansion, member growth remained strong, while revenue, profitability and free cash generation continued to improve. Our H1 performance further demonstrates our ability to invest ahead of demand, absorb significant capacity additions and deliver profitable growth. As India's business landscape evolves, our ambition remains to shape how the country works, creating workspaces that enable businesses to scale, people to thrive and enterprises to focus on what they do best.” Result PDF

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