Physicswallah Ltd Reports 31% YoY Revenue Growth in 9M FY26, Despite One-Time Expenses

Physicswallah Ltd, a community-powered, omnichannel consumer tech platform, reported a 31% year-on-year revenue growth in the nine months ended December 31, 2025. The revenue reached 229,807 M, with Pre-IndAS EBITDA of 2,910 M (9.8% margin). The quarterly revenue from operations was 10,824 M, with Pre-IndAS EBITDA of 2,188 M (20.2% margin). The company's cash flow from operations for 9M FY26 is 6,429 Mn, and the treasury stands at ~50,544 Mn. The growth was primarily driven by an increase in unique paid users from 3.60 M to 4.37 M.