WeWork India delivered a strong performance in the third quarter, reporting a sharp improvement in profitability along with steady growth in revenue and operating earnings.
For Q3, WeWork India reported a net profit of ₹16.7 crore, marking a significant increase from ₹6.3 crore in the previous quarter. Revenue for the quarter rose 10.3% quarter-on-quarter to ₹634 crore, compared with ₹575 crore in Q2.
On the operating front, EBITDA increased 7.2% sequentially to ₹407.4 crore, up from ₹380 crore in the previous quarter. While operating performance remained strong, EBITDA margin softened slightly to 64.3% from 66% in Q2.
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