WeWork India Management Limited — Q1FY27 earnings call summary

Filed 17 July 2026 · Company audio recording

CapEx front-loading in early FY27 quarters may pressure margins temporarily.
Capacity to reach 8.7 mn sq ft by Mar FY27 and 10.3 mn sq ft by Mar FY28; 40% of incremental growth already locked via signed leases/LOIs.
CapEx guidance for FY26: ₹450-500 cr; ₹300-400 cr on speculative business; managed office CapEx varies by client.
One-time IPO and design-build costs impacted Q3 margins; normalized margins expected to improve.
EBITDA margin guidance steady at ~20-21% with expected quarter-wise fluctuations due to lease ramp-ups.
Managed office EBITDA margins at center level ~40-45%, corporate level 30-35%, expected to improve overall margins.
FY27 seat additions expected ~30,000, with managed office contributing ~10,000 seats (one-third of expansion).
Added 20,000 desks YoY (+20% capacity), occupied desks grew ~30% YoY.