Physicswallah Ltd

Physicswallah Limited reported Q1 FY27 earnings with revenue from operations at INR1,054 crores, a 24% year-over-year increase. Online revenue grew 33% YoY, while offline and other businesses grew 16%. Pre-Ind AS EBITDA was negative INR44 crores, an improvement of 624 basis points from Q1 FY26. Profit before tax was negative INR84 crores, up 995 basis points from the prior year. The company noted a 50% growth in collections post-NEET results in July. Online early learning and K-12 education revenue grew 88% YoY, with enrollments doubling. The company emphasized leveraging cost efficiencies, including a 2.6% reduction in employee costs and improved marketing spend efficiency. Management highlighted new initiatives like the PW Books app, AI-driven tutoring, and the Earners skilling platform. Offline expansion is being approached cautiously, with a focus on profitability and improving ARPU. The company also mentioned plans to divest Finzy Fintech and noted progress in NEET and JEE results, with offline centers aiming for top results. Cash reserves stood at INR5,600 crores as of June 30, 2026, including IPO proceeds. The company reiterated its annual guidance of 30% revenue growth and 100% EBITDA improvement.

The document highlights strong revenue growth, improved EBITDA, and positive developments in new initiatives and results.