WeWork India Q3: Profit Soars to ₹52 Crore, Stock Recovers Despite Initial Drop

• WeWork India's stock initially fell 4% but recovered to trade 1% higher after Q3 results.
• Adjusted revenue grew 9.6% sequentially to ₹634 crore, with EBITDA up 13.7% to ₹134.6 crore.
• The company reported an adjusted profit of ₹52 crore, a significant turnaround from an ₹83 crore loss last quarter.
• Core operations, including WorkSpace as a Service, contributed 83.4% to the topline.
• WeWork India manages 8.2 million sq ft across 73 centers in eight cities, with 83.9% occupancy.

Why It Matters: WeWork India achieved a significant profit turnaround in Q3, driven by strong revenue growth and occupancy.