Coworking space provider WeWork India reported a second consecutive profitable quarter, posting a consolidated profit after tax (PAT) of INR 16.8 Cr in the third quarter of the ongoing fiscal year (Q3 FY26). The company had reported a net loss of INR 83.1 Cr in the year-ago quarter.
Sequentially, PAT surged 162.5% to INR 6.4 Cr.
The company’s operating revenue zoomed 29% to INR 634.1 Cr in Q3 FY26 from INR 491.7 Cr in the year-ago quarter. On a QoQ basis, revenue rose 10.3% from INR 574.7 Cr.
Including other income of INR 3.1 Cr and finance income of INR 6.6 Cr, WeWork India’s total income for the quarter stood at INR 643.8 Cr.
Total expenses stood at INR 624.5 Cr during the quarter under review, up 14.5% from INR 545.3 Cr in Q3 FY25.
(The story will be updated soon)
The post WeWork India Reports Second Straight Profitable Quarter, Posts INR 17 Cr PAT In Q3 appeared first on Inc42 Media.
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IIT-Delhi sets fact-finding panel after row over caste and race seminar
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