WeWork India Achieves Rs 17 Cr Profit in Dec Quarter Amidst Strong Revenue Growth

• WeWork India reported a consolidated net profit of Rs 16.78 crore in the December quarter, a significant turnaround from an Rs 83.11 crore loss in the previous year.
• Total income for the October-December period increased to Rs 643.81 crore, up from Rs 508.37 crore year-on-year.
• For the first nine months of the fiscal, net profit was Rs 9.04 crore, with total income rising to Rs 1,775.07 crore.
• WeWork India operates 73 centers across 8 cities, covering 8.2 million square feet, and is promoted by Embassy Group.
• MD & CEO Karan Virwani emphasized the company's focus on profitable growth, technology, and sustainable expansion.

Why It Matters: WeWork India turned profitable in the December quarter, driven by strong revenue growth and strategic expansion.