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Earnings Call

Physicswallah Earnings Call: Key Takeaways

Physicswallah delivered robust FY26 growth, balancing a 35% revenue jump with narrowing losses. Management is pivoting to an AI-first, asset-light model to drive FY27 profitability.

Highlights
Revenue growth35% YoY growth reaching ₹3,900cr in FY26.
MarginsEBITDA margins improved significantly; targeting mid-teen offline margins.
Demand visibilityStrong enrollment growth of 20% shows resilient student demand.
Management confidenceHigh confidence in AI-led efficiency and FY27 profitability.

Growth

Revenue grew 35% YoY to ₹3,900cr; EBITDA jumped 3x to ₹300cr with strong online-offline mix.

Outlook

Guiding for full-year PAT profitability in FY27 and 30%+ revenue growth.

Risks

High reliance on competitive test-prep; significant AI/tech investment costs; execution risks in NBFC lending.

Source

Earnings Call filed with NSE, NSE: PWL. Summary written with AI assistance from the document.

Read the document ↗

Physicswallah Ltd: key numbers

Share price
₹134.36
Market cap
₹39,032 Cr
Revenue (annual)
₹3,900 Cr
Net profit (annual)
₹-22.49 Cr
P/E (TTM)
1914.8×Sector 37.2×
Promoter holding
71.27%-1.03% QoQ
FII holding
12.01%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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