Summary

PhysicsWallah Limited, India’s leading tech-enabled education company, announced its financial results for the quarter ended September 30, 2025 (Q2 FY26), demonstrating profitable growth with a PAT-positive quarter. Revenue from operations grew 26% YoY to 10,512 Mn, while profits for the year hit 697 Mn with a 70% YoY increase.

Key Highlights

1. 1

   Revenue from Operations Adjusted EBITDA (Margin) PAT (Margin) 210,512 Mn %2,697 Mn (26%) 697 Mn (7%) } 26% YoY } 38% YoY } 70% YoY

2. 2

   Revenue grew 29% YoY in H1 FY26, primarily driven by an increase in paid users from 2.99 Mn to 3.62 Mn.

3. 3

   Adjusted EBITDA margins improved to 26% in Q2 FY26, up from 23% in Q2 FY25.

4. 4

   Free cash flow for H1 FY26 is 26,441 Mn, compared to 75,434 Mn in H1 FY25.

5. 5

   Total 314 centres with 117 PW Vidyapeeth, 75 PW Pathshala, 53 Other PW Centres, and 69 Subsidiary Centres.

6. 6

   Number of Unique Transacting Users (Online channel): 3.22 Mn, up 20% YoY

7. 7

   Number of Offline Student Enrollments: 0.40 Mn, up 26% YoY

8. 8

   Daily Average User: 3.5 Mn Engagement time: 103 Minutes Social Media Community: 125+ Mn subscribers across platforms