PhysicsWallah Jumps 9.5% After Q1 Results, JPMorgan & JM Financial Upgrade Rating
Shares of edtech company Physics Wallah rallied as much as 9.5% to an intraday high of ₹128.35 apiece on the…
Physics Wallah, an edtech company, experienced a significant surge in its shares, jumping up to 9.5% on the BSE after receiving upgrades from both JPMorgan and JM Financial. The company's Q1 FY27 results exceeded expectations, contributing to the positive reaction. JPMorgan upgraded the stock to 'Overweight' with a target price of ₹148, while JM Financial upgraded it to 'Buy' with a June 2027 target price of ₹140.
These upgrades imply potential upside of over 26% and nearly 20%, respectively, from the previous close of ₹117.20. Physics Wallah's operating revenue grew to ₹1,054 Cr, a 24.4% increase from the same period last year, despite a 28% decline in online NEET collections due to the NEET UG exam disruption. However, collections rebounded after NEET results, rising 51% year-over-year.
The company's net loss narrowed by 30.5% to ₹88.3 Cr, and its EBITDA margin improved to 4.9%, a significant increase from negative 2.5% in the same period last year.
Written by urgent.news from Inc42's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
