Physics Wallah Limited announced robust financial results for the second quarter of FY2027, with revenue growing 18% year-on-year to INR1,242 crores. Profit after tax (PAT) doubled to INR142 crores. The company highlighted strong performance in its online segment, which saw revenue increase by 26.4%, and positive contributions from newer categories like K12 and Skills & Earners. The company also provided updates on strategic initiatives including AI integration and the launch of PW Digital University.
Physics Wallah Reports Strong Q2 FY27 Performance
Physics Wallah Limited has announced a significant increase in its financial performance for the second quarter of the financial year 2027 (Q2 FY27), reporting a revenue of INR1,242 crores, marking an 18% growth year-on-year. The company’s Profit After Tax (PAT) demonstrated substantial improvement, doubling to INR142 crores for the quarter. For the first half (H1 FY27), revenue grew by 21% to INR2,293 crores, with PAT turning positive at INR55 crores, a significant swing from a loss of INR57 crores in the previous year’s H1.
Key Growth Drivers
The strong performance was largely driven by the company’s online segment, which recorded a revenue of INR694 crores in Q2 FY27, up 26% year-on-year. The Pre-Ind AS EBITDA also saw a substantial increase, reaching INR233 crores in Q2 FY27, a 45% rise year-on-year, with an improved margin of 18.8%. Unique enrollments in Q2 grew by 12.9%, reaching 1.5 million, and unique transacting users increased to 3.44 million. ACPU on unique enrollments saw a 9.2% increase to INR4,280.
Segment Performance and Expansion
The company highlighted growth across various categories. Skills enrollment increased by 10.3x to 1.69 lakh, and CA enrollments were up by 19%. While government exam enrollments saw a decline of 24%, the NEET demand, which was delayed in Q1, showed up in Q2 with online NEET collections up by 27% and enrollments up over 30%. The company is actively launching crash courses to compensate for any remaining delta.
Newer and emerging categories, including K12 and the PW Skills and Earners program, also contributed significantly, with the latter growing 10 times year-on-year. The finance category saw a growth of nearly 30%. Offline revenue grew by 12% year-on-year to INR1,031 crores.
Strategic Initiatives and Future Outlook
Physics Wallah continues to invest in Artificial Intelligence (AI), with AI now writing 90% of its code. The company is preparing to launch its PW Digital University, aimed at providing affordable degrees and diplomas. Management expressed confidence in the company’s ability to achieve its full-year guidance and highlighted ongoing discussions for potential M&A activities, primarily focused on online assets.
The company also announced its first Investor Day on November 18, coinciding with its first anniversary of stock exchange listing.
Source: BSE
