Physicswallah Ltd
P&L
Quarterly Consolidated
vs Q2 FY26
PhysicsWallah Maintains Market Stronghold with PAT-Positive Q3 and 9M; Surpasses Full FY25 Revenue in 9M FY26
05 Feb 2026 · 5 Feb, 8:55 pm
Summary
PhysicsWallah Limited, India’s 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.
Key Highlights
- 1
Revenue from operations grew 34% YoY to 210,824 Mn
- 2
PAT stood at 450 Mn, after adjusting for one-time expenses of 236 Mn
- 3
Pre-IndAS EBITDA for Q3FY26 grew 42% YoY to %2,188 Mn
- 4
Cash flow from operations for 9M FY26 is %6,429 Mn
- 5
Total 318 centres as of 31 December, 2025
- 6
16 Categories with 3 categories added in Q3 FY26
- 7
Number of Unique Transacting Users (Online channel): 3.96 Mn, up 20% YoY
- 8
Number of Offline Student Enrollments: 0.41 Mn, up 36% YoY
- 9
Number of Faculties (Employees and Consultants): 6,807
- 10
Daily Average User: 3.4 Mn+
- 11
Engagement time: 106 Minutes+
- 12
Social Media Community: 134+ Mn subscribers across platforms
Management Comments
Alakh Pandey
PW’s growth has been driven by an expanding user base and supported by a diversified portfolio, including Al-powered products, value-added services, crash courses, and offline batches across segments such as Civil Services Examinations, Other Government Exams, Chartered Accountancy, etc.
Prateek Maheshwari
PW continues to invest in Al with initiatives like Al Guru, Ask Al, Al Grader, Al Mentor, and Al Books, enabling students and teachers to leverage these tools at scale.
Informational and educational content only. Not investment advice.