PhysicsWallah Limited announced strong financial results for the second quarter and first half of FY27, ending September 30, 2026. The company reported its highest-ever quarterly revenue from operations at ₹1,242.26 Cr, a 18.2% year-on-year increase. Profit after tax doubled to ₹142 Cr for Q2 FY27, compared to ₹70 Cr in the previous year.
PhysicsWallah Reports Record Q2 Performance
PhysicsWallah Limited, a prominent tech-enabled education company, has announced its financial results for the quarter and half-year ended September 30, 2026. The company achieved its highest-ever quarterly revenue from operations, reaching ₹1,242.26 Cr, marking an 18.2% increase year-on-year. EBITDA also saw a substantial rise to ₹348 Cr, with a margin of 28.0%. Adjusted EBITDA stood at ₹399 Cr, and profit after tax doubled to ₹142 Cr in Q2 FY27.
H1 FY27 Financial Highlights
For the first half of FY27 (H1 FY27), PhysicsWallah reported revenue from operations growing by 20.7% to ₹2,292.60 Cr. The company reported a profit after tax of ₹55 Cr for H1 FY27, a significant improvement from a loss of ₹57 Cr in H1 FY26. Alakh Pandey, Founder and CEO of PhysicsWallah Limited, attributed the strong performance to the company’s scalable model and disciplined capital allocation.
Key Financial Metrics
The company’s financial performance reflects sustained growth across its offerings. Key metrics for Q2 and H1 FY27 compared to the previous year show robust year-on-year improvements:
| Financial Metric | Q2 FY27 | Q2 FY26 | H1 FY27 | H1 FY26 |
|---|---|---|---|---|
| Revenue from Operations | ₹1,242 Cr | ₹1,051 Cr | ₹2,293 Cr | ₹1,898 Cr |
| YoY Revenue Growth | 18.2% | 26% | 20.8% | 29% |
| EBITDA (Margin) | ₹348 Cr (28.0%) | ₹228 Cr (21.7%) | ₹401 Cr (17.5%) | ₹207 Cr (10.9%) |
| Adjusted EBITDA (Margin) | ₹399 Cr (32.1%) | ₹270 Cr (25.7%) | ₹536 Cr (23.4%) | ₹296 Cr (15.6%) |
| Pre-IndAS EBITDA (Margin) | ₹233 Cr (18.8%) | ₹161 Cr (15.3%) | ₹190 Cr (8.3%) | ₹72 Cr (3.8%) |
| Profit/(Loss) After Tax (Margin) | ₹142 Cr (11.5%) | ₹70 Cr (6.6%) | ₹55 Cr (2.4%) | (₹57) Cr (-3.0%) |
Growth Drivers and Future Outlook
The company experienced strong demand, particularly in NEET enrolments, which grew over 30% in Q2. Online revenue for H1 grew 29%. PhysicsWallah also highlighted growth in its K-12 and early learning segments, with categories beyond JEE-NEET making up a significant portion of online enrolments. The expansion into South India is also noted as a key growth area, contributing 9% of H1 revenue.
Operational Highlights
Operational metrics demonstrate increased user engagement, with Total Paid Users rising by 7% YoY to 3.86 Mn and Daily Active Users reaching 4.1 Mn+. App downloads have also seen significant traction, exceeding 106 Mn+.
Source: BSE
