News ArticlePhysicsWallah Limited Posts Record Q2 FY27 Revenue of ₹1,242.26 Cr and Profit After Tax of ₹142 Cr
Company reports 18.2% YoY revenue growth and doubles quarterly profit as learner base expands across education segments
PhysicsWallah Limited announced its highest-ever quarterly revenue of ₹1,242.26 Cr for Q2 FY27, an 18.2% increase year-on-year, along with a doubling of profit after tax to ₹142 Cr. The company also reported a 20.7% revenue growth for H1 FY27 to ₹2,292.60 Cr and a turnaround to ₹55 Cr profit from a previous loss.
PhysicsWallah Limited
General / Other
PhysicsWallah Limited announced record financial performance for the quarter ended September 30, 2026, with revenue from operations rising 18.2% year-on-year to ₹1,242.26 Cr and profit after tax doubling to ₹142 Cr.
The company's EBITDA for Q2 FY27 reached ₹348 Cr, with an improvement in margin to 28.0% from 21.7% a year ago, while Adjusted EBITDA stood at ₹399 Cr.
For the half year ended September 30, 2026, revenue from operations grew 20.7% to ₹2,292.60 Cr and profit after tax turned positive at ₹55 Cr compared to a loss of ₹57 Cr in the previous period.
PhysicsWallah's online segment saw 26% revenue growth in Q2 to ₹694 Cr with a higher Pre-IndAS EBITDA margin of 34.4%, while offline revenue increased 9% to ₹541 Cr with a narrowing loss.
The learner base expanded with total paid users rising 7% to 3.86 million and daily active users exceeding 4.1 million. Online K-12 enrolments grew 47% to 11.1 lakh, contributing to a 75% revenue increase in that segment for H1 FY27.
South India emerged as a key growth region, contributing 9% of H1 revenue with significant increases in learners and new offline centres, supporting the company's regional-language focus.
Highlights
- Q2 FY27 revenue from operations at ₹1,242.26 Cr, up 18.2% YoY
- Quarterly profit after tax doubled to ₹142 Cr from ₹70 Cr last year
- H1 FY27 revenue grew 20.7% to ₹2,292.60 Cr; profit after tax at ₹55 Cr versus loss last year
- EBITDA margin improved to 28.0% in Q2 FY27 from 21.7% YoY
- Online revenue grew 26% in Q2 with 34.4% Pre-IndAS EBITDA margin
- Total paid users reached 3.86 million with 4.1 million+ daily active users in Q2 FY27
Key Data Snapshot
What happened
- PhysicsWallah Limited reported record quarterly revenue of ₹1,242.26 Cr for Q2 FY27, an 18.2% increase compared to Q2 FY26.
- Profit after tax doubled to ₹142 Cr from ₹70 Cr in Q2 last year, marking a significant profitability improvement.
- For the half year ended September 30, 2026, revenue grew 20.7% to ₹2,292.60 Cr and profit after tax turned positive to ₹55 Cr versus a loss of ₹57 Cr in H1 FY26.
Key details
- EBITDA for Q2 FY27 was ₹348 Cr, with a margin of 28.0%, compared to 21.7% margin in the previous year.
- Adjusted EBITDA for Q2 was ₹399 Cr, reflecting operational efficiency.
- Online revenue grew 26% to ₹694 Cr in Q2, with a Pre-IndAS EBITDA margin of 34.4%.
- Offline revenue increased 9% to ₹541 Cr, with the offline Pre-IndAS EBITDA loss narrowing.
- Total paid users grew 7% year-on-year to 3.86 million; daily active users surpassed 4.1 million.
- South India contributed 9% of H1 revenue with increased regional language offerings, paid learners, and offline centres.
Operational performance
- Online enrolments beyond JEE-NEET comprised 73.8% of total online enrolments in H1 FY27, an increase from 64.8% the previous year.
- Categories such as Boards and CUET saw enrolments rise 130% year-on-year to 4.55 lakh.
- Faculty members grew by 7% year-on-year to 7,117.
- App downloads exceeded 106 million.
- Average learner engagement time was approximately 98 minutes per day.
Business impact
- The rebound in NEET enrolments by over 30% in Q2 supported the revenue increase as demand normalized.
- The company’s treasury balance was ₹5,268 Cr as of September 30, 2026, including IPO proceeds.
- Employee costs and other expenses more efficiently managed with decreases as a percentage of revenue compared to previous periods.
Highlights
- Q2 FY27 revenue from operations at ₹1,242.26 Cr, up 18.2% YoY
- Quarterly profit after tax doubled to ₹142 Cr from ₹70 Cr last year
- H1 FY27 revenue grew 20.7% to ₹2,292.60 Cr; profit after tax at ₹55 Cr versus loss last year
- EBITDA margin improved to 28.0% in Q2 FY27 from 21.7% YoY
- Online revenue grew 26% in Q2 with 34.4% Pre-IndAS EBITDA margin
- Total paid users reached 3.86 million with 4.1 million+ daily active users in Q2 FY27
Disclosures
- Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
Source Information
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