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PhysicsWallah reported its first quarterly numbers after going public, posting an almost 70% year-on-year jump in net profit to ₹69.7 crore in Q2 of FY26, compared to ₹41.1 crore in the same quarter last year. The company had delivered a profit of ₹127 crore in the preceding quarter, as per its regulatory filings.
Revenue from operations stood at ₹1,051.2 crore, rising 26% from ₹832.2 crore a year ago. In the previous quarter, the edtech company had recorded revenue of ₹1,847.1 crore.
Total expenses for the Noida-based platform came in at ₹999.6 crore in the quarter ended September, up 25% from ₹800 crore a year earlier, though lower than the ₹1,054.2 crore reported in Q1.
The company said both its online and offline segments contributed meaningfully to the quarter’s performance. In the first half of FY26, its paid user base expanded 29% year-on-year to 3.62 million from 2.99 million. Online paid users increased to 3.22 million from 2.68 million, while offline enrolments rose to 0.40 million from 0.31 million.
PhysicsWallah continued to scale its offline footprint, with its total centre count climbing to 314 in H1 FY26 from 186 a year ago. The network now includes 117 PW Vidyapeeth centres, 75 PW Pathshala centres, 53 other PW centres, and 69 subsidiary centres. Its faculty strength stood at 6,643, across employees and consultants.
Profitability also improved during the quarter. Adjusted EBITDA margin rose to 26% in Q2 FY26 from 23% a year earlier, supported by operating leverage. The profit after tax margin increased to 7% from 5% in the same quarter last year.
The company flagged strong user engagement across its platforms, with daily average users at 3.5 million and average engagement time of 103 minutes. Its combined social media community has now crossed 125 million subscribers.
PhysicsWallah had made its debut on November 18 with 36% listing gains, opening at ₹145 on the NSE and ₹143.10 on the BSE.
The company’s ₹3,480 crore IPO was subscribed nearly 2 times during the November 11 to 13 window, drawing bids for 33.62 crore shares against 18.62 crore on offer. Retail investors subscribed 106%, NIIs 48%, and QIBs 2.7 times their quota.
Founded in 2016 by Alakh Pandey, who started by uploading free physics classes on YouTube, PhysicsWallah grew rapidly during the pandemic. The company today operates 303 offline centres across 152 cities in India and the Middle East.
Shares of PhysicsWallah Ltd. closed 0.029% higher on Monday at ₹135.94. The stock continue to trade 25% above the IPO price of ₹109.
Revenue from operations stood at ₹1,051.2 crore, rising 26% from ₹832.2 crore a year ago. In the previous quarter, the edtech company had recorded revenue of ₹1,847.1 crore.
Total expenses for the Noida-based platform came in at ₹999.6 crore in the quarter ended September, up 25% from ₹800 crore a year earlier, though lower than the ₹1,054.2 crore reported in Q1.
The company said both its online and offline segments contributed meaningfully to the quarter’s performance. In the first half of FY26, its paid user base expanded 29% year-on-year to 3.62 million from 2.99 million. Online paid users increased to 3.22 million from 2.68 million, while offline enrolments rose to 0.40 million from 0.31 million.
PhysicsWallah continued to scale its offline footprint, with its total centre count climbing to 314 in H1 FY26 from 186 a year ago. The network now includes 117 PW Vidyapeeth centres, 75 PW Pathshala centres, 53 other PW centres, and 69 subsidiary centres. Its faculty strength stood at 6,643, across employees and consultants.
Profitability also improved during the quarter. Adjusted EBITDA margin rose to 26% in Q2 FY26 from 23% a year earlier, supported by operating leverage. The profit after tax margin increased to 7% from 5% in the same quarter last year.
The company flagged strong user engagement across its platforms, with daily average users at 3.5 million and average engagement time of 103 minutes. Its combined social media community has now crossed 125 million subscribers.
PhysicsWallah had made its debut on November 18 with 36% listing gains, opening at ₹145 on the NSE and ₹143.10 on the BSE.
The company’s ₹3,480 crore IPO was subscribed nearly 2 times during the November 11 to 13 window, drawing bids for 33.62 crore shares against 18.62 crore on offer. Retail investors subscribed 106%, NIIs 48%, and QIBs 2.7 times their quota.
Founded in 2016 by Alakh Pandey, who started by uploading free physics classes on YouTube, PhysicsWallah grew rapidly during the pandemic. The company today operates 303 offline centres across 152 cities in India and the Middle East.
Shares of PhysicsWallah Ltd. closed 0.029% higher on Monday at ₹135.94. The stock continue to trade 25% above the IPO price of ₹109.
