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PhysicsWallah Q2 profit doubles to about Rs 142 Cr as revenue hits Rs 1,242 Cr
The listed edtech company said NEET demand normalised, online revenue grew faster than offline, and H1 swung to a Rs 55 Cr profit from a year earlier loss, with treasury at Rs 5,268 Cr including IPO proceeds.
PhysicsWallah Limited reported its highest ever quarterly revenue from operations of Rs 1,242.26 crore for the quarter ended September 30, 2026, up 18.2% year on year, according to its November 4 exchange filing and press release. Profit after tax roughly doubled to about Rs 142 crore from about Rs 70 crore a year earlier. Business Standard, Inc42 and Entrackr separately summarised the same quarter using the company's results.
For the first half of FY27, revenue from operations rose about 20.7% to Rs 2,292.60 crore and profit after tax was Rs 55 crore, against a Rs 57 crore loss in H1 FY26, the company said. Q2 EBITDA was Rs 348 crore at a 28.0% margin, with Adjusted EBITDA at Rs 399 crore. Pre IndAS EBITDA rose 45% to Rs 233 crore. Treasury stood at Rs 5,268 crore as of September 30, 2026, including IPO proceeds.
Online revenue grew 26% to Rs 694 crore in Q2, while offline revenue grew 9% to Rs 541 crore. The company said NEET enrolments grew over 30% as demand delayed by the NEET UG postponement came through, and that categories beyond JEE and NEET made up 73.8% of online enrolments in H1. Total paid users rose 7% to 3.86 million, with daily active users above 4.1 million. Founder and CEO Alakh Pandey linked the quarter to disciplined capital allocation and wider reach across K-12, vernacular and new categories.
Figures above are taken from PhysicsWallah's NSE and BSE disclosures and matching Business Standard, Inc42 and Entrackr reports. Small differences in rounded profit (about Rs 142 crore to Rs 144 crore across outlets) reflect how each summarises the consolidated statement; the company's own release cites Rs 142 crore PAT for Q2.
