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Earnings Call Transcript

WeWork India Management Earnings Call Transcript: Key Takeaways

WeWork India delivered strong Q1 FY27 results with revenue up 28.5% YoY to INR 698Cr and EBITDA up 69% to INR 138Cr. Focus is on maturing center profitability and expanding managed office services.

Guidance and delivery
Management target Revenue 20.0% FY27
Highlights
Revenue growth28.5% YoY growth reported for Q1 FY27.
MarginsEBITDA margin expanded 608 bps YoY to 19.8%.
Order bookContracted revenue backlog at INR 3,363Cr, up 60% YoY.
Demand visibilityStrong; 12-month visibility at 100% and 44,000 desks locked in.
Management confidenceHigh; confident in meeting 20%+ annual growth targets.

Growth

Revenue grew 28.5% YoY; PAT jumped 6.5x to INR 53.2Cr. Portfolio occupancy improved to 84.9% from 76.5% YoY.

Outlook

Guided 20%+ revenue and EBITDA growth for FY27. Annual capex guidance maintained at INR 500-600Cr.

Risks

Sequential revenue softness due to one-time customization income in Q4 FY26; net debt reduction reliance on asset sales.

Last quarter's promises, checked

Delivered

  • Guided 20%+ revenue growth → delivered 28.5% (= BEAT)
  • Guided 14,000 desks in Q1 → delivered 14,000 (= BEAT)
  • Guided net debt negative/neutral → delivered net debt down 90% (= BEAT)

Partly delivered

  • Guided EBITDA margin expansion → delivered 19.8% vs 23.2% exit Q4 (= PARTIAL)
Source

Earnings Call Transcript filed with BSE, NSE: WEWORK. Summary written with AI assistance from the document.

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WeWork India Management Ltd: key numbers

Share price
₹652.55
Market cap
₹9,062 Cr
Revenue (annual)
₹2,440 Cr
Net profit (annual)
₹74.43 Cr
P/E (TTM)
107.6×Sector 37.2×
Promoter holding
48.29%-1.13% QoQ
FII holding
19.64%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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