| Management target | Revenue 30.0% FY27 |
|---|
| Revenue growth | Q2 revenue +18% YoY; H1 +21%; online +26%, offline +9%. |
|---|---|
| Margins | Q2 EBITA margin 18.8%, up 350 bps YoY; H1 margin 8.3%. |
| Demand visibility | NEET demand partly recovered; full-cycle online NEET collections still 7% lower. |
| Management confidence | Upbeat and confident; hedges NEET recovery, avoids quantifying gap closure. |
Growth
Online +26%, offline +9% in Q2; PAT ₹142 Cr vs ₹70 Cr. Collections ~16–17% H1 vs 21% revenue growth.
Outlook
FY27 consolidated revenue growth guided at 30%, inclusive of M&A. Offline near breakeven. AI tutor cost under ₹20/hour.
Risks
NEET enrolments still 13% lower; govt-exam enrolment down 24%; offline breakeven and 30% guide rely on H2 recovery.
Earnings Call Transcript filed with NSE, NSE: PWL. Summary written with AI assistance from the document.
Physicswallah Ltd: key numbers
- Share price
- ₹127.51
- Market cap
- ₹37,088 Cr
- Revenue (annual)
- ₹3,900 Cr
- Net profit (annual)
- ₹-22.49 Cr
- P/E (TTM)
- 1819.5×Sector 34.6×
- 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.
More from Physicswallah Ltd
All →Physicswallah Other Announcement
Physicswallah's IPO monitoring report flags a deviation from offer objects for the quarter ended September 30, 2026. The diverted funds were restored on October 30, 2026.
Physicswallah Acquisition Worth ₹0.03 Cr
Physicswallah will acquire 25,599 shares, or 12.25%, of subsidiary Utkarsh Classes for ₹2,55,990 under a fixed-price amendment. Its stake rises from 75.50% to 87.75%.
- Value
- ₹0.03 Cr
- Execution
- Three months
Physicswallah Legal & Regulatory
Physicswallah's board noted an NSE fine of Rs 2,000 for a one-day late shareholding pattern filing. The fine was later waived.
- Value
- ₹0.00 Cr
Physicswallah Results Update
PhysicsWallah reported record Q2 revenue and a sharp rise in quarterly profit after tax. H1 profit reversed a prior-year loss.
Physicswallah Q2 FY27 Results: Net Profit ₹143.6 Cr, Up 106.0% YoY
Physicswallah Ltd reported revenue from operations of ₹1,242 Cr (+18.2% YoY) and net profit of ₹143.6 Cr (+106.0% YoY) for Q2 FY27.
- Key figure
- Net profit ₹143.6 Cr · +106.0% YoY
Physicswallah Employee Stock Options
Physicswallah granted 1,84,828 ESOP 2025 options to eligible employees. Each option converts into one equity share at an exercise price of INR 1.