India, Aug. 26 -- IPO-bound coworking startup WeWork India reported its first profitable year in FY25, posting a profit after tax (PAT) of INR 128.2 Cr as against a loss of INR 135.7 Cr in the previous fiscal year. Its operating revenue rose 17% to INR 1,949.2 Cr during the year under review from INR 1,665.1 Cr in FY24.

As per the startup's MCA filings, it turned profitable in FY25 on the back of a deferred tax gain of INR 285.7 Cr. In the previous fiscal year, the same figure stood at INR 34.2 Lakh.

Excluding the gains on deferred tax, WeWork India would have continued its streak of being in the red. Importantly, the Embassy Group-owned startup recorded a loss before tax of INR 156.7 Cr in FY25, an increase of 15% from INR 136 Cr in FY...