Wework India Management Ltd (BOM:544570)

Q3 2026 WeWork India Management Ltd Earnings Call Transcript

Jan 28, 2026 / 06:00 AM GMT

Release Date Price: ₹585.2 (+0.03%)

Transcript

Key Points

Positve

Wework India Management Ltd (NSE:WEWORK) reported a record revenue of 640 crores for Q3 FY26, marking a 10% increase quarter-on-quarter and a 27% increase year-over-year.
The company achieved a significant increase in occupied desks, growing nearly 30% year-over-year, with portfolio occupancy reaching 84%, the highest level recorded.
Managed office business has scaled to 26,000 desks across 1.7 million square feet, contributing 21% of total revenue and growing at a rate of 63% CAGR over the last two years.
EBITDA pre-ESOP reached 141 crores, with margins expanding to 21%, reflecting strong financial performance and profitability.
Free cash flow from operations increased by 113.7% quarter-on-quarter, indicating strong cash generation and financial health.

Negative

Despite a 4% increase in occupancy levels, EBITDA margins only increased by 75 basis points quarter-on-quarter, indicating potential pricing pressure or cost challenges.
The managed office segment, while contributing to revenue stability, operates at lower initial margins, which may impact overall profitability.
The company faces challenges in securing new office spaces due to high demand and landlord-favorable conditions, which could affect future expansion plans.
CapEx per desk increased to 1.5 lakhs, driven by client-specific requirements, which could pressure capital expenditure budgets.
The competitive landscape is intensifying with new entrants in the managed office space, potentially impacting market share and pricing strategies.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

WEWO.NS - WeWork India Management Ltd
Q3 2026 WeWork India Management Ltd Earnings Call
Jan 28, 2026 / 06:00AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to WeWork India Management Limited Q3 F 526 earnings conference call hosted by Kotak Security.

As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance in the conference call, please signal an operator by pressing 0 on your touchstone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Muthuza Arsiwala.

Thank you and over to you, Mr. Archiwala.

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Unidentified_2 [2]
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