News ArticlePhysicswallah Limited Achieves INR1,242 Crores Revenue in Q2 FY2027 with Strong Enrollment Growth and AI Advancements
Net profit doubles to INR142 crores; company launches India's first greenfield digital university and restructures student financing
Physicswallah Limited announced its Q2 FY2027 financial performance featuring an 18% year-on-year revenue increase to INR1,242 crores, driven by higher enrollments and innovative AI-enabled offerings. The company reported a doubling of PAT to INR142 crores and marked progress in digital university initiatives and loan book restructuring.
Physicswallah Limited
Earnings Call Transcript
Physicswallah Limited reported its financial results for Q2 FY2027, posting revenues of INR1,242 crores, an 18% increase year-over-year, supported by a 12.9% rise in unique enrollments and significant advancements in AI-powered educational offerings.
The company's pre-Ind AS EBITDA reached INR233 crores with an 18.8% margin, while net profit (PAT) doubled to INR142 crores year-on-year. For the half-year period, it swung from a loss of INR57 crores to a profit of INR55 crores amid 21% revenue growth.
Online segment revenue rose 26.4% to INR694 crores with 3.44 million unique transacting students, a 9.2% increase in average customer purchase value on enrollments, and a 32% surge in Infinity Pro collections. Skill enrollment increased tenfold to 1.69 lakh and NEET PG enrollments grew 35%.
Offline operations scaled to 370 centers with 4.13 lakh enrollments in H1, contributing 66% of offline revenue. The company also reported 106 million cumulative app downloads and 4.1 million daily active users with strong engagement.
Physicswallah unveiled AI initiatives including live batch translations into 12 Indic languages and the Socratic AI tutor platform. Strategic expansion includes launching the greenfield PW Digital University and divesting a INR96 crores loan book to Auxilo Finserve, streamlining financing partnerships.
Highlights
- Q2 FY2027 revenue at INR1,242 crores, up 18% YoY
- PAT doubles to INR142 crores
- Unique enrollments up 12.9% to 1.5 million
- Online revenue growth of 26.4% to INR694 crores
- Infinity Pro collections quadrupled with a 32% increase
- Offline revenue grew 12% to INR541 crores with 370 centers operationalized in H1 FY2027 2026-27 year-to-date period (H1) profit of INR55 crores vs loss of INR57 crores last year 21% overall revenue growth Increased app downloads to 106M and
Key Data Snapshot
What happened
- Physicswallah Limited reported Q2 FY2027 revenue of INR1,242 crores, an 18% year-on-year increase.
- Net profit doubled to INR142 crores in Q2.
- Half-year profit improved to INR55 crores from a loss of INR57 crores last year, driven by 21% revenue growth.
- Online revenue grew 26.4% to INR694 crores while offline revenue rose 12% to INR541 crores.
- Unique enrollments rose by 12.9% to 1.5 million in Q2 with strong user engagement across platforms.
Key details
- Infinity Pro collections increased by 32%, representing 35% of collections, up from 31%.
- Skill enrollments surged 10.3 times to 1.69 lakh, and NEET PG enrollments increased by 35% to 9,500.
- Government exams enrollments declined 24% due to delayed vacancies and forms.
- Offline centers expanded to 370 with 4.13 lakh enrollments in H1 FY2027.
- Online NEET demand rebounded in Q2 after delayed exam results, yet full cycle NEET collections and enrollments remain below prior year levels.
Operational performance
- Platform app downloads reached 106 million with 4.1 million daily active users averaging 98 minutes per day.
- AI technology enabled live batch instruction translation into 12 Indic languages, aiding regional expansion including South India.
- The Socratic AI tutor product launched with over 5,000 learning hours completed.
- Company incorporated PW Digital University, India’s first greenfield digital university, as a forward integration strategy.
Funding and capital details
- INR96 crores loan book sold to Auxilo Finserve, reducing direct lending and credit risk for the company.
- Students continue accessing financing through third-party lenders, reflecting a shift in financing partnerships.
Highlights
- Q2 FY2027 revenue at INR1,242 crores, up 18% YoY
- PAT doubles to INR142 crores
- Unique enrollments up 12.9% to 1.5 million
- Online revenue growth of 26.4% to INR694 crores
- Infinity Pro collections quadrupled with a 32% increase
- Offline revenue grew 12% to INR541 crores with 370 centers operationalized in H1 FY2027 2026-27 year-to-date period (H1) profit of INR55 crores vs loss of INR57 crores last year 21% overall revenue growth Increased app downloads to 106M and
Disclosures
- Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015
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