Quarterly Result5 Feb 2026, 08:54 pm
PhysicsWallah Maintains Market Stronghold with PAT-Positive Q3 and 9M; Surpasses Full FY25 Revenue in 9M FY26
AI Summary
PhysicsWallah Limited, a leading tech-enabled education company, announced its financial results for the quarter ended December 31, 2025. The company surpassed its full FY25 revenue within nine months of FY26, demonstrating another PAT-positive quarter with profits of ₹1,023 Mn and revenue from operations growing 34% YoY to ₹210,824 Mn. The online business continued to gain strong traction with over 3.96 million enrollments in 9M FY26, a 20% increase compared to 9M FY25. Offline enrollments grew by 36% YoY in 9M FY26. Key metrics for 9M FY26 include revenue growth of 31% YoY, driven by an increase in unique paid users, and positive 9M FY26 PAT.
Key Highlights
- Revenue from operations grew 34% YoY to ₹210,824 Mn in Q3 and 9M FY26
- PAT stood at ₹450 Mn for 9M FY26, after adjusting for one-time expenses of ₹236 Mn
- Pre-IndAS EBITDA for Q3FY26 grew 42% YoY to ₹2,188 Mn
- Strong treasury with robust capital efficiency, cash flow from operations for 9M FY26 is ₹6,429 Mn
- PW’s newer exam category, State Boards, has seen strong early traction with 175k enrollments in its first year