WeWork India Shares Rise 20% as Q4 Earnings Exceed Expectations
WeWork India Shares Surge 20% After Strong Q4FY26 Results
WeWork India Management share price reached its 20% upper circuit of ₹585 on the BSE in intraday trade on Thursday, 21 May, driven by the company's robust Q4FY26 results. The company's stock opened at ₹487.85 against its previous close of ₹487.50 and surged 20% during the session.
The surge can be attributed to WeWork India's impressive Q4FY26 performance, which saw a significant jump in its profit after tax (PAT). The company's PAT surged 142% year-on-year (YoY) to ₹79.6 crore at an 11.2% margin, a 525 basis points increase from the previous year. Additionally, the company's EBITDA grew by 42.8% YoY to ₹164.7 crore, with EBITDA margin rising by 231 basis points YoY to 23.2%.
WeWork India's revenue also witnessed a significant increase, jumping 28.6% YoY and 10.9% QoQ to ₹709.9 crore in the March quarter. For the full year, the company's revenue rose by 23.4% YoY to ₹2,477.4 crore, with PAT more than doubling to ₹179 crore at a 7.2% margin, a 133.7% YoY increase.
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| Metric | Q4FY26 vs Q4FY25 | Q4FY26 vs Q3FY26 |
|---|---|---|
| Revenue | 28.6% YoY | 10.9% QoQ |
| PAT | 141.9% YoY | - |
| EBITDA | 42.8% YoY | - |
| EBITDA Margin | 231 basis points YoY | - |
The company's financial health also improved significantly, with free cash flow from operations reaching ₹585.5 crore for FY26, a 44.3% increase from the previous year. WeWork India Management also achieved a significant milestone by closing the year in a net debt negative position for the first time at ₹-11.7 crore, compared to a net debt of ₹215.3 crore a year ago.
"We enter FY27 from the strongest opening position in our history, with deep demand visibility, strong operating leverage, and growing confidence in the long-term monetisation potential of the platform we are building,” said Karan Virwani, Managing Director and CEO, WeWork India.
WeWork India Management shares debuted on Indian bourses on 10 October 2025 and have seen a significant price movement since then. The stock hit its record high of ₹662.15 on 3 November last year, followed by a record low of ₹419.60 on 30 March this year. At the current market price of ₹585, the stock is nearly 10% down from its issue price of ₹648.
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Investor Takeaway
Investors should take note of WeWork India's strong Q4FY26 results, which exceeded expectations, and its improved financial position.
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