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WeWork posts Rs 575 Cr revenue and Rs 6 Cr profit in Q2 FY26

EntrackrEntrackr · 2m ago
WeWork posts Rs 575 Cr revenue and Rs 6 Cr profit in Q2 FY26
Medial

Managed office space provider WeWork India has announced its financial results for Q2 FY26 after debuting on Indian stock exchanges last month. The company posted a profit of Rs 6.4 crore in the second quarter. The company’s revenue from operations grew 23% year-on-year to Rs 575 crore in Q1 FY26 from Rs 469.5 crore in the same quarter last year, according to its financial statement sourced from NSE. Other income contributed an additional Rs 10.5 crore which drove its total income of Rs 585.5 crore for the quarter. On a half-yearly basis, the firm’s revenue increased 21% to Rs 1,110 crore in H1 FY26 from Rs 918 crore in H1 FY25. On the expense side, depreciation was the largest burn which stood at Rs 231 crore, whereas employee benefits expenses increased to Rs 48 crore. Finance costs amounted to Rs 153 crore which pushed the firm’s total cost to Rs 579 crore in the second quarter. WeWork’s profit decreased by 97% to Rs 6.4 crore in Q2 FY26 as compared to Rs 203 crore in Q2 FY25. (It's worth noting that the company had received a deferred tax credit of Rs 235 crore in Q2 FY25, which contributed a PAT of Rs 203 crore.) On a half-yearly basis, the company posted a loss of Rs 8 crore in H1 FY26 as compared to a profit of Rs 174.5 crore in H1 FY25. WeWork India’s Rs 3,000 crore initial public offering (IPO) was entirely an offer-for-sale (OFS), with the promoter entity, Embassy Buildcon LLP, selling shares worth Rs 2,294 crore, and 1 Ariel Way Tenant, an affiliate of WeWork Global, offloading shares valued at around Rs 706 crore. WeWork India made a flat debut on Indian stock exchanges, listed at Rs 650 per share, only 0.3% premium over its issue price of Rs 648. At the end of today’s trading session, WeWork India’s shares closed at Rs 623.9, giving the company a total market capitalization of Rs 8,361 crore ($942 million).

Real estate majors are coming for the hotel industry bearing a ₹10,000-cr purse

LivemintLivemint · 1y ago
Real estate majors are coming for the hotel industry bearing a ₹10,000-cr purse
Medial

Indian property developers are increasingly investing in the hospitality sector, attracted by its rapid growth and high yields. Prestige Estates Projects, for example, signed a deal with Marriott International to manage six of its upcoming hotel projects. Meanwhile, other developers such as D B Realty, House of Abhinandan Lodha, DS Group, and K Raheja Corp's Chalet Hotels have earmarked substantial budgets for hotel development and management. Major industry players like Hyatt Hotels Corp are also focusing on India's hospitality industry, particularly in the luxury segment. This surge in investment highlights the sector's "golden era" and the potential for sustained growth in the Indian hotel industry.

Paytm posts Rs 2,194 Cr revenue and Rs 225 Cr profit in Q3 FY26

EntrackrEntrackr · 2d ago
Paytm posts Rs 2,194 Cr revenue and Rs 225 Cr profit in Q3 FY26
Medial

Fintech firm Paytm announced its financial results for the third quarter of the ongoing fiscal year (Q3 FY26) on Thursday. The Noida-based company reported a revenue of Rs 2,194 crore and a net profit of Rs 225 crore for the period. According to Paytm’s unaudited quarterly report filed with the National Stock Exchange, its revenue from operations increased by 20% year-on-year from Rs 1,828 crore in Q3 FY25. The company also added Rs 212 crore from other non-operating sources, bringing its overall revenue to Rs 2,406 crore in Q3 FY26. For the nine-months period, Paytm’s revenue rose 24% to Rs 6,173 crore from Rs 4,989 crore, a year earlier. For the Noida-based firm, its employee benefits remained the largest cost center, accounting for 33% of the overall cost, which decreased by 5% to Rs 721 crore in Q3 FY26. Its payment processing charges increased by 17.5% to Rs 671 crore, and marketing expenses increased by 3.5% to Rs 146 crore in Q3 FY26. Software, communication, legal, cashback, and other overheads took the total expenditure to Rs 2,175 crore in Q3 FY26, as compared to Rs 2,220 crore in Q3 FY25. Paytm recorded a net profit of Rs 225 crore in Q3 FY26, in contrast to a loss of Rs 208 crore in Q3 FY25. On a sequential basis, the company’s profit increased by more than 10X from Rs 21 crore in Q2 FY26. Last quarter was eventful for the company as it received authorisation from the RBI to operate as a payment aggregator for physical or offline payments and cross border transactions. The company also granted ESOPs worth Rs 16.6 crore and Rs 60 crore under its ESOP Scheme 2019. Paytm also witnessed a significant shareholder shift as Elevation Capital (formerly SAIF Partners) offloaded a 1.86% stake in the fintech major through a bulk deal worth Rs 1,556 crore. Five days later, BNP Paribas sold 1 crore shares of Paytm worth Rs 1,331 crore. Alongside this, Integrated Core Strategies sold 32.55 lakh shares worth Rs 410 crore. As of January 29, Paytm’s share price stood at Rs 1,172 with the total market capitalization standing at Rs 74,963 crore ($8 billion).

Groww posts Rs 471 Cr profit on Rs 1,019 Cr revenue in Q2 FY26

EntrackrEntrackr · 2m ago
Groww posts Rs 471 Cr profit on Rs 1,019 Cr revenue in Q2 FY26
Medial

Digital investment platform Groww India has announced its financial results for Q2 FY26. The company’s revenue declined by 9% in the second quarter; however, it posted a profit of Rs 471 crore in the same period. The company’s revenue from operations fell 9.4% year-on-year to Rs 1,019 crore in Q2 FY26 from Rs 1,125 crore in the same quarter last year, according to its financial statement sourced from NSE. Other income contributed an additional Rs 52 crore, which drove its total income to Rs 1,071 crore for the quarter. On a quarter-on-quarter basis, the company’s income rose by 13% from Rs 904 crore in Q1 FY26. However, for the six months period ending September 2025, the firm’s revenue decreased 9.5% to Rs 1,923 crore in H1 FY26 from Rs 2,126 crore in H1 FY25. On the expense side, employee benefit was the largest burn, accounting for 29% of the total expense. This cost was cut by 53% to Rs 124 crore in Q2 FY26 from Rs 264 crore in Q2 FY25. Finance costs and depreciation costs were other overheads which contributed to the total expense, which reduced by 37% to Rs 432 crore in Q2 FY26 from Rs 690 crore in Q2 FY25. Due to the decrease in the company’s expenses, Groww’s profit increased by 12% to Rs 471 crore in Q2 FY26 as compared to Rs 420 crore in Q2 FY25. On a half-yearly basis, the company’s profit increased by 12% to Rs 850 crore in H1 FY26 as compared to Rs 758 crore in H1 FY25. Groww made a strong debut on the Indian stock exchanges, listing at Rs 114 per share on the BSE, a 14% premium over its issue price. On the NSE, the stock opened at Rs 112. The company’s Rs 6,632 crore IPO comprised a fresh issue worth Rs 1,060 crore and an offer for sale of Rs 5,572 crore. According to exchange data, Groww’s IPO was oversubscribed 17.6 times, with the retail portion subscribed 9.43X, QIBs (excluding anchors) 22.02X, and Non-Institutional Investors (NIIs) 14.2X. Groww India’s share is trading at Rs 164, giving the company a total market capitalization of Rs 1,01,166 crore ($11.4 billion).

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