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WeWork Turns Profitable In Q2, Posts INR 6.4 Cr PAT


SUMMARY

WeWork India posted a net loss of INR 31.5 Cr in the year-ago quarter and a loss of INR 14.2 Cr in the preceding June quarter

Operating revenue surged 22% YoY and 7% QoQ to INR 574.7 Cr during the quarter under review

The coworking space provider’s Ind-AS EBITDA for the quarter rose 19% YoY to INR 390.9 Cr

Coworking space provider WeWork India attained profitability in Q2 FY26, posting a consolidated profit after tax (PAT) of INR 6.4 Cr as against a net loss of INR 31.5 Cr in the year-ago quarter. The company had…



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by INC42

SUMMARY The coworking space provider reported a net loss of INR 3.1 Cr in the September quarter of 2025, down 80% from INR 15.8 Cr in Q2 FY25 The stock was down 7.9% at INR 551.50 on the BSE at 10:55 IST. The company’s market capitalisation stood at INR 6,311.41 Cr (around $711.5 Mn) About 60% of the company’s demand comes from non-IT sectors like BFSI, consulting, and manufacturing Shares of coworking space provider Smartworks slumped as much as 9.6% to INR 541.35 today, despite the company posting a strong top line… Source link

by INC42

SUMMARY On a sequential basis, loss reduced by 26% from INR 4.2 Cr Operating revenue zoomed over 21% YoY and 12% QoQ to INR 424.8 Cr Total expenses rose 16% YoY to INR 445.5 Cr Coworking space provider Smartworks managed to cut its Q2 FY26 net loss by 80% to INR 3.1 Cr from INR 15.8 Cr in the year-ago period. On a sequential basis, loss reduced by 26% from INR 4.2 Cr. The improvement in the bottom line was a result of strong top line growth and improvement in margins. The company’s operating revenue zoomed over 21% YoY and… Source link

by INC42

Managed accommodation space provider Stanza Living is set to raise INR 282.8 Cr (around $32 Mn) in a new funding round led by its early investor Accel, with Motilal Oswal joining in as a new backer. As per its regulatory filings, the Delhi-based startup’s board approved the issue of 5,313 Series E preference shares at INR 5,32,205.8 each to raise the total amount. In the said round, Accel is set to invest INR 222.78 Cr ($25.3 Mn), while Motilal Oswal will contribute INR 60 Cr ($6.8 Mn). Notably, Accel has already completed its investment… Source link