PhysicsWallah Shares Rise 7.5% As Q1 Loss Narrows To ₹77.5 Crore, Revenue Jumps 24%
Shares of PhysicsWallah climbed sharply on August 17 after the edtech firm reported a significant reduction in its first-quarter loss, alongside strong revenue growth. The stock gained as much as 7.5% during the session. The Noida-based company, which listed on the stock market in November last year, reported a consolidated loss of Rs 77.5 crore for the quarter ended June, compared with Rs 120…
PhysicsWallah, the Noida-based edtech firm, experienced a surge in its stock price on August 17 following the release of its Q1 financial results. The company's shares jumped as much as 7.5%, marking a significant rise in its market value. Despite an increase in expenses and a delayed NEET examination cycle, PhysicsWallah managed to narrow its first-quarter loss and witness a substantial growth in revenue.
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