PhysicsWallah Q1 FY27 Revenue up 24% YoY to ₹1,054 Cr; EBITDA turns positive at ₹52 Cr
PhysicsWallah Limited reported Q1 FY27 results with revenue from operations at ₹1,054 Cr, up 24% YoY. EBITDA was ₹52 Cr (4.9% margin), a significant improvement. Adjusted EBITDA rose to ₹135 Cr (12.9% margin). Online K-12 and Early Learning revenue grew 88% YoY to ₹105 Cr. Daily active users increased 26% YoY to 4.03 Mn+.
The announcement details significant financial growth and improved profitability, which are material information for investors and stakeholders, indicating a positive trajectory for the company.
The company reported strong year-on-year growth in revenue and a positive EBITDA, indicating improved financial performance and operational efficiency.
PhysicsWallah Limited announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company reported a significant year-on-year growth of 24% in revenue from operations, reaching ₹1,054 crore. EBITDA for the quarter was positive at ₹52 crore, with a margin of 4.9%, showing an improvement of 743 basis points compared to the previous year.
Adjusted EBITDA saw a substantial increase of over five-fold year-on-year to ₹135 crore, with the margin improving to 12.9% from 3.1%. The Pre-IndAS EBITDA loss narrowed to ₹44 crore from ₹89 crore in Q1 FY26, with the margin improving by 627 basis points to -4.2%. The PAT margin also improved to -8.4% from -15.0% in the corresponding quarter.
Alakh Pandey, Founder and CEO of PhysicsWallah Limited, stated, “This quarter marks an important milestone in our journey towards sustainable profitability. Despite the change in NEET examination cycles, we delivered healthy revenue growth along with an improvement in profitability. While doing this we continued to expand our learner base across online, offline, K-12 and other new categories, reflecting a funnel that is getting deeper and wider. Our focus remains on scaling up this tech-led affordable online education platform while maintaining disciplined capital allocation.”
The company's online K-12 and Early Learning segment continued to gain traction, with enrolments increasing 41% year-on-year to 0.78 million from 0.55 million, while segment revenue grew 88% year-on-year to ₹105 crore from ₹56 crore. Daily Active Users increased by 26% year-on-year to over 4.03 million. Total enrollments stood at 2.49 million, up 2.4% year-on-year, though this performance was impacted by the NEET UG re-examination cycle. The company operates 366 offline centers and has 7,268 faculty members and 19,567 employees.
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