Physicswallah Limited announced robust financial performance for the first half of FY27, with revenue from operations growing by 21% YoY to ₹2,293 crore. The company also achieved a significant turnaround, reporting a profit after tax of ₹55 crore compared to a loss of ₹57 crore in the same period last year. This growth was driven by increased revenue and improved profitability across both online and offline segments.
Physicswallah Reports Strong H1 FY27 Performance
Physicswallah Limited has announced a significant improvement in its financial results for the half-year ended September 30, 2026 (H1 FY27). The company reported a 21% year-on-year growth in its revenue from operations, reaching ₹2,293 crore. This marks a substantial increase from ₹1,898 crore in H1 FY26, highlighting the company’s expanding market presence and increasing student enrolments.
Profitability Turnaround
A key highlight of the H1 FY27 results is the company’s return to profitability. Physicswallah posted a Profit After Tax (PAT) of ₹55 crore for the period, a remarkable turnaround from a loss of ₹57 crore in H1 FY26. This financial recovery is attributed to improved operating leverage and a higher Pre-IndAS EBITDA margin, which rose to 8.3% from 3.8% in the previous year.
Quarterly Performance (Q2 FY27)
In the second quarter of FY27 (Q2 FY27), Physicswallah continued its growth trajectory, with revenue from operations increasing by 18.2% YoY to ₹1,242 crore. The company also saw a substantial rise in its Pre-IndAS EBITDA, growing by 45% to ₹233 crore with an improved margin of 18.8%. Consequently, the profit after tax for Q2 FY27 surged 2.0x to ₹142 crore.
Key Operational Metrics and Growth Drivers
The company’s growth is supported by a diverse range of educational offerings. Total enrolments across all platforms reached 1.85 million, marking a 10.9% YoY increase. Physicswallah currently operates 16+ Online Exam Categories, has 370 Offline Centres, employs 19,104 employees, and engages 7,117 faculty members. The strategy focuses on enhancing revenue, improving profitability, and strengthening its market position through various initiatives, including a growing online presence and strategic offline expansions.
Treasury and Future Outlook
As of September 30, 2026, Physicswallah maintained a strong treasury position of ₹5,268 crore, which includes IPO proceeds. The company plans disciplined capital allocation with a focus on online initiatives, inorganic growth, and Artificial Intelligence (AI). The outlook remains positive, with continued expansion planned across K-12, upskilling, vernacular languages, and new exam categories.
Source: BSE
