PhysicsWallah second quarter results: Profit up 62% YoY to Rs 72 crore, revenue up 26%

Newly listed edtech player PhysicsWallah reported 62% year-on-year (year-on-year) growth in its consolidated net profit of Rs 72.3 crore in the second quarter. The same stood at Rs 44.5 crore in the same quarter last year. Revenue from operations in the reporting quarter rose 26% year-on-year to Rs 1,051 crore.From FY23-FY25, Physics Wallah reported strong revenue growth from Rs 744 crore to Rs 2,887 crore, driven by expansion through digital and offline platforms. EBITDA improved to Rs 193 crore in FY25 (6.7% margin) from a loss of Rs 829 crore in FY24, reflecting effective cost optimization.

The company is one of India’s leading ed-tech players, offering a broad mix of online, offline and hybrid learning solutions. As of June 2025, it operated 303 offline centers (a CAGR of ~165.9% between FY23-25) and had 4.13 million unique paying users online.

The revenue model is diversified: services (education, hostel, transportation, content rights), product sales (books, stationery, tablets) and additional income (advertising, other fees).

The edtech has raised a total of Rs 3,480 crore from its recent IPO, with Rs 3,100 crore going to the company, mainly for expanding its offline and hybrid learning centers, improving its marketing initiatives and strengthening its digital and cloud infrastructure.

The shares performed well, but subsequently came under some selling pressure. They are currently trading marginally above the issue price of Rs 109