PhysicsWallah Q1 FY27 revenue jumps 24% to Rs 1,054 Cr amid Rs 88 Cr net loss

PhysicsWallah, the edtech firm, reported a significant 24% increase in revenue from operations to Rs 1,054 crore in the first quarter of the 2026-27 financial year. This growth was largely fueled by an 88% surge in revenue from the online K-12 and early learning segment, reaching Rs 105 crore. Despite the expansion, the company's net loss narrowed by 30.5% to Rs 88 crore, with improved margins.

Founded in 2020 and listed in November 2025, PhysicsWallah is evolving from a test-preparation platform to a lifelong learning ecosystem. The National Eligibility cum Entrance Test (NEET) cycle change influenced peak enrolment activity, shifting from June to July and August. Despite the volatility, PhysicsWallah achieved a positive EBITDA of Rs 52 crore, reflecting a 4.9% margin.

Alakh Pandey, Founder and CEO, emphasized that while the company is working towards sustainable profitability, it remains focused on scaling an affordable online platform and maintaining disciplined capital allocation. The online channel saw 2.1 million unique transacting users, with an increase in average collection per user (ACPU) to Rs 4,312, driven by value-added services.

Offline, the 366 centers reported a 14% revenue rise to Rs 490 crore, though the delayed NEET cycle affected immediate batch launches. PhysicsWallah holds a substantial treasury of Rs 5,601 crore and has seen a five-fold increase in adjusted EBITDA to Rs 135 crore. The company is also exiting its student-lending business, Finz, to concentrate on its core education platform.

New initiatives, such as AI-powered digital books and a one-on-one AI tutor, are being scaled to boost learner engagement, which currently stands at 4 million daily active users.