PhysicsWallah Back In The Black, Posts INR 70 Cr PAT In Q2 FY26

Recently listed edtech major PhysicsWallah’s net profit for Q2 FY26 zoomed 69% to INR 69.7 Cr from INR 41.1 Cr in the same quarter previous year. 

 

Sequentially, the company rebounded from the red after reporting a net loss of INR 127 Cr in the preceding June quarter. 

 

The edtech giant’s operating revenue increased 26% YoY and 24% QoQ to INR 1,051.2 Cr. Including other income of INR 47.2 Cr, its total income for the quarter under review stood at INR 1,098.4 Cr. 

Meanwhile, its total expenses for the quarter increased 25% YoY to INR 999.6 Cr.

The company’s adjusted EBITDA increased 38% YoY to INR 269.7 Cr, while adjusted EBITDA margin improved 300 bps YoY to 26%.

On the operational front, the company said that its paid online user base improved 20% YoY to 32.2 Cr while offline student enrolments grew 26% YoY to 40 Lakh. Its online platforms saw a daily average of 3.5 Mn users with an average engagement time of 103 minutes, and its social media community grew to over 125 Mn subscribers across channels.

However, the company’s primary focus lies on expanding its offline business, which generates higher revenue per user.

At the end of September, PW operated a total of 314 centres with 117 PW Vidyapeeth, 75 PW Pathshala, 53 other PW centres, and 69 subsidiary centres. 

“PW’s next massive growth levers lie in mass-market segments such as State Boards, Foundation, and vernacular-language categories. While the education company has traditionally been strongest in the Hindi-speaking belt, it is now poised for meaningful expansion across non-Hindi regions, unlocking the next wave of nationwide scale,” the company said.

Alongside its quarterly results, PW informed the exchanges that it has increased its stake in Utkarsh Classes & Edutech Private Limited as part of the multi-tranche acquisition plan detailed in its November 2025 prospectus. 

The Audit Committee approved the third tranche of investment, through which PW acquired 25,599 equity shares for INR 26.5 Cr. With this, PW’s stake in Utkarsh Classes has risen from 63.25% to 75.50%. 

PW also disclosed fresh capital infusions into four of its wholly-owned subsidiaries to support working capital, corporate requirements and expansion plans. 

The company’s audit committee also approved investments of up to INR 399.85 Cr in PenPencil Edu Services Private Limited, up to INR 20 Cr in Finz Fintech Private Limited, up to $50 Cr in Finz Finance Private Limited, and up to $2 Mn in Knowledge Planet Holding Limited (KPHL) in the UAE. All four subsidiaries remain wholly owned following these cash subscriptions.

Shares of PW ended 1.95% higher at INR 138.55 on BSE today. 

The post PhysicsWallah Back In The Black, Posts INR 70 Cr PAT In Q2 FY26 appeared first on Inc42 Media.