New Delhi, Jan 27 (PTI) Realty firm WeWork India on Tuesday reported a consolidated net profit of Rs 16.78 crore in the third quarter of this fiscal year on higher revenue.
The company had posted a net
loss of Rs 83.11 crore in the year-ago period.
Total income rose to Rs 643.81 crore in the October-December period of this fiscal from Rs 508.37 crore in the corresponding period of the preceding year, according to a regulatory filing.
During the first nine months of this fiscal, the company's net profit fell to Rs 9.04 crore from Rs 91.45 crore in the year-ago period.
Total income rose to Rs 1,775.07 crore during April-December period of this fiscal from Rs 1,469.13 crore in the corresponding period of the preceding year.
Established in 2017, WeWork India has presence across 8 cities -- Chennai, New Delhi, Gurugram, Noida, Mumbai, Bengaluru, Pune, and Hyderabad. The company has 73 operational centres, covering 8.2 million square feet area.
Karan Virwani, Managing Director and CEO of WeWork India, said the company's focus remains on profitable growth, technology-led differentiation, and sustainable portfolio expansion.
"With a robust supply pipeline, diversified enterprise client base, and improving unit economics, WeWork India is well-positioned to sustain growth momentum and continue delivering long-term value to its stakeholders," he added.
During the 2024-25 fiscal, the company posted a net profit of Rs 128.18 crore on a revenue of Rs 2,024 crore.
Bengaluru-based real estate firm Embassy Group is the promoter of WeWork India, which got listed on the stock exchanges last year after a successful launch of its Initial Public Offering (IPO). PTI MJH DR
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