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Earnings Call

Physicswallah Earnings Call: Key Takeaways

Physicswallah reported strong FY26 performance with 35% revenue growth to ₹3,900cr. Company is shifting towards an asset-light K-12 strategy and scaling AI-integrated education products.

Why this was an Alfa AlertManagement explicitly guided for FY27 EBITDA improvement of upwards of 100% YoY, which qualifies as future growth guidance >50%.
Highlights
Revenue growth35% overall, 39% online.
MarginsEBITDA margin improving; offline margins moved from -19% to -10%.
Demand visibilityStrong, over 10 lakh new paid enrolments.
Management confidenceHigh, focused on online dominance and AI.

Growth

FY26 revenue ₹3,900cr (+35% YoY); EBITDA ₹300cr (3x jump). Online revenue grew 39%.

Outlook

Guidance of >30% revenue growth for FY27; targeting full-year PAT profitability and breakeven in offline segment.

Risks

Impact of NEET exam cancellations on cyclic enrolment; high competition in offline markets.

Source

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

Read the document ↗

Physicswallah Ltd: key numbers

Share price
₹128.52
Market cap
₹37,382 Cr
Revenue (annual)
₹3,900 Cr
Net profit (annual)
₹-22.49 Cr
P/E (TTM)
399.3×Sector 35.3×
Promoter holding
71.17%-0.10% QoQ
FII holding
10.68%Current quarter

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

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