PhysicsWallah Q1 results show revenue rising 24% to Rs 1,054 crore, while net loss fell 30% to Rs 88 crore in Q1 FY27.
Edtech company PhysicsWallah reported a strong first quarter for FY27, with revenue from operations rising 24% year on year to Rs 1,054 crore and its consolidated net loss narrowing by about 30% to Rs 88 crore.
The company reported revenue of Rs 847 crore in the same quarter last year. Its loss stood at Rs 127 crore during that period. PhysicsWallah also recorded positive EBITDA of Rs 52 crore for the June quarter.
Revenue Growth Across Online and Offline Businesses
PhysicsWallah’s online business generated Rs 549 crore in revenue during Q1 FY27, compared with Rs 412 crore a year earlier.
Offline revenue increased to Rs 490 crore, while other operating revenue contributed Rs 15 crore.
The company also reported Rs 108 crore in other income, taking its total income for the quarter to Rs 1,162 crore.
Total expenses, however, increased to Rs 1,247 crore from around Rs 1,054 crore in the year-ago period.
Employee expenses remained the company’s highest cost at Rs 528 crore. Depreciation and amortisation expenses stood at Rs 110 crore, while finance costs were around Rs 26 crore.
Online K-12 Business Expands
PhysicsWallah’s online K-12 and early-learning segment continued to grow during the quarter.
Enrolments increased 41% year on year to 780,000, compared with 550,000 in Q1 FY26. Revenue from the segment rose 88% to Rs 105 crore from Rs 56 crore.
The company said the timing of NEET enrolments was affected by a delay in the examination cycle. With results now announced and the new academic year underway, PhysicsWallah said enrolment and collections for its online NEET programmes had strengthened from July.
Loss Narrows, but Rises Sequentially
Despite the year-on-year improvement, PhysicsWallah’s Q1 loss increased from the Rs 69 crore reported in the March quarter.
Revenue from operations, meanwhile, rose around 15% sequentially from Rs 918.8 crore.
The results therefore show two different trends. PhysicsWallah is growing its revenue and has moved into positive EBITDA, but the company remains loss-making at the net level and continues to carry high operating costs.
Expansion Into UPSC Preparation
PhysicsWallah is also expanding its presence beyond JEE and NEET preparation.
In July, its board approved the acquisition of an additional 11% stake in Guiding Light Education Technologies, the company behind Sarrthi IAS, for Rs 71.81 crore.
PhysicsWallah currently owns 40% of Sarrthi IAS. Once the additional stake is acquired, its ownership will rise to 51%, making the platform a subsidiary.
The move is intended to strengthen PhysicsWallah’s position in UPSC and civil services preparation.
PhysicsWallah Q1 Results Show Improving Economics
The PhysicsWallah Q1 results point to continued expansion across its online and offline education businesses, alongside a meaningful reduction in losses.
Revenue growth of 24%, positive EBITDA of Rs 52 crore and strong enrolment growth indicate improving operating performance. However, higher expenses and the sequential increase in net loss show that the company still has work to do before translating its scale into consistent bottom-line profitability.
For FY27, the key question will be whether PhysicsWallah can sustain its revenue growth while controlling costs and converting its expanding student base into stronger and more consistent profits.
Source: ISN
