PhysicsWallah Q2 Profit Doubles to ₹142 Cr on Record Revenue of ₹1,242 Cr
PhysicsWallah Limited reported record Q2 FY27 revenue of ₹1,242 Cr, up 18.2% YoY, and profit after tax doubled to ₹142 Cr. H1 FY27 revenue grew 20.7% to ₹2,293 Cr, with profit after tax at ₹55 Cr versus a loss of ₹57 Cr in H1 FY26. CEO Alakh Pandey highlighted strong revenue and profitability.
The announcement details significant financial growth, including record revenues and a doubling of profits, which is a material event for investors and stakeholders.
The company has reported record revenue, doubled profit after tax for the quarter, and improved profitability for the half-year, indicating strong financial performance and positive business momentum.
PhysicsWallah Limited (PWL) has announced its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The company reported its highest-ever quarterly revenue from operations at ₹1,242.26 Cr, marking an 18.2% increase year-on-year.
EBITDA for the quarter rose to ₹348 Cr, with a margin of 28.0%, compared to 21.7% in the previous year. Adjusted EBITDA stood at ₹399 Cr. Profit after tax doubled to ₹142 Cr from ₹70 Cr in the same period last year. For the half-year ended September 30, 2026 (H1 FY27), revenue from operations grew by 20.7% to ₹2,292.60 Cr, and the company reported a profit after tax of ₹55 Cr, a significant improvement from a loss of ₹57 Cr in H1 FY26.
Alakh Pandey, Founder and CEO of PhysicsWallah Limited, commented on the results, stating, "This quarter shows the strength of our model. We delivered record revenue and a sharp improvement in profitability, while our learner base kept widening across K-12, vernacular and new categories. Our focus remains on scaling affordable, tech-led education with disciplined capital allocation."
The company saw a rebound in demand, with NEET enrolments growing over 30% in Q2. Online revenue for H1 grew 29% to ₹694 Cr in Q2, with a Pre-IndAS EBITDA margin of 34.4%. Offline revenue grew 9% to ₹541 Cr, and its H1 Pre-IndAS EBITDA loss narrowed to ₹108 Cr from ₹120 Cr.
Growth is expanding beyond JEE-NEET, with categories like Boards, CUET, Foundation, vernacular languages, and Skills showing significant uptake. Total paid users increased by 7% to 3.86 million, and Daily Active Users reached over 4.1 million. Treasury stood at ₹5,268 Cr as of September 30, 2026, including IPO proceeds.
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See the model portfoliosA plain-language summary of a public exchange filing by Physicswallah Limited. Read the original for the full detail.