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WeWork recorded a consolidated net loss of ₹4.1 Cr in Q1 FY27, slipping back into losses after three consecutive profit-making quarters. However, it managed to reduce its loss by 71% YoY from ₹14.2 Cr loss incurred in the same period previous year. 

Operating revenue rose 28% to ₹683.8 Cr from ₹535.3 Cr in Q1 FY26. However, the company’s top line shrunk by 2% sequentially from ₹696.1 Cr in Q4 FY26.

Including finance and other income of ₹16.9 Cr, WeWork’s total revenue for Q1 amounted to ₹700.7 Cr. 

That said, its EBITDA for the period increased significantly to ₹454.8 Cr, 31% higher on a YoY basis and 176% higher on a sequential basis. 

The company spent ₹704.7 Cr in total, 5% higher than its total expenses of ₹672.3 Cr in the previous quarter and 26% higher than ₹559.5 Cr in the year-ago quarter. 

Important to highlight that the aforementioned numbers are as per Ind-AS accounting standards. The markets regulator SEBI mandates the adoption of Ind AS (Indian Accounting Standards) for listed companies. The mandate requires qualifying entities to transition from the previous Indian GAAP to IFRS-converged standards for enhanced global financial comparability.

In its statement, WeWork India claimed that its net profit for the quarter surged 533.3% to ₹53.2 Cr, as per IGAAP- equivalent basis.

Further, the company claimed that its EBITDA grew 69.3% YoY to ₹138.3 Cr and, EBITDA margins remained “resilient” at 19.8%. Further, free cash flow from operations increased 176% YoY to ₹141.9 Cr, representing 1.03X EBITDA conversion.

(The story will be updated shortly)

The post WeWork Back In The Red In Q1 FY27, Reports ₹4 Cr Loss appeared first on Inc42 Media.