Physicswallah Q2 FY27: Revenue up 18% to ₹1,242 Cr, PAT ₹142 Cr
Physicswallah Limited reported Q2 FY27 revenue of ₹1,242 Cr (up 18% YoY) and PAT of ₹142 Cr. H1 FY27 revenue reached ₹2,293 Cr (up 21% YoY) with PAT of ₹55 Cr, a turnaround from a loss in H1 FY26. The company's treasury stands at ₹5,268 Cr.
The announcement contains key financial results, including revenue and profit figures, which are material information for investors and stakeholders. The strong growth and profitability turnaround are significant positive developments for the company.
The company reported strong year-on-year growth in revenue and a significant improvement in profitability, turning a loss into a profit for the half-year period. The increase in EBITDA margins and positive financial performance across segments indicate a healthy business outlook.
Physicswallah Limited announced its financial results for the quarter and half year ended September 30, 2026.
For the second quarter of FY27, the company reported a revenue from operations of ₹1,242 Cr, an increase of 18.2% year-on-year from ₹1,051 Cr in Q2 FY26. The Profit Before Tax (PBT) stood at ₹209 Cr, an increase from ₹99 Cr in the same period last year. Profit After Tax (PAT) for the quarter was ₹142 Cr, a significant rise from ₹70 Cr in Q2 FY26. Pre-IndAS EBITDA increased by 45% year-on-year to ₹233 Cr, with the margin improving to 18.8% from 15.3% in Q2 FY26.
In the first half of FY27, revenue from operations grew by 20.8% year-on-year to ₹2,293 Cr from ₹1,898 Cr in H1 FY26. The company turned profitable in H1 FY27 with a PAT of ₹55 Cr, compared to a loss of ₹57 Cr in H1 FY26. The Pre-IndAS EBITDA for H1 FY27 rose to ₹190 Cr, with a margin of 8.3%, up from 3.8% in H1 FY26.
The online segment saw revenue grow by 26.4% year-on-year to ₹694 Cr in Q2 FY27, with Pre-IndAS EBITDA up 47.2% to ₹239 Cr at a 34.4% margin. The offline segment's revenue grew by 9.0% year-on-year to ₹541 Cr in Q2 FY27, with the Pre-IndAS EBITDA loss narrowing.
The company also highlighted its strategic initiatives, including expansion in South India, the development of its AI tutor product 'AITuto', and a shift in its student financing model through the disinvestment of its FinZ loan portfolio. The PhysicsWallah Digital University in Punjab is also progressing, with its first admission cycle expected in July 2027.
Physicswallah's treasury stood at ₹5,268 Cr as of September 30, 2026, including IPO proceeds.
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Physicswallah Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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