Overview
- The company posted consolidated PAT of INR 6.4 crore for July–September, marking its first Ind-AS PAT-positive quarter after a loss in the June period.
- Operating revenue rose to INR 574.7 crore and total income reached INR 585.5 crore, with reported expenses of INR 579 crore.
- Ind-AS EBITDA increased 19% year on year to INR 390.9 crore, which the company described as record profitability supported by strong demand.
- CEO Karan Virwani said IGAAP EBITDA rose 45% quarter on quarter and ROCE improved to 22%, pointing to stronger operating leverage.
- WeWork India operates 70 centres across eight cities spanning 7.8 million sq ft and, after a recent listing, noted that last year’s INR 203.7 crore profit reflected a deferred tax credit.