PWLBSEPhysicswallah LtdHighNeutral
Announced Wed, 27 May · 18:00 IST

Physicswallah Limited has informed the exchange regarding press release on audited financial results for the quarter and financial year ended March 31, 2026

Revenue Growth 20pctEbitda Margin ExpansionResults View source PDF

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AI summary

Physicswallah Limited reported record revenue of ₹3,900 Cr for FY26, up 35% YoY, driven by disciplined scaling and AI-led operational efficiency. The company turned PBT-positive at ₹10 Cr compared to a loss of ₹259 Cr in FY25. EBITDA surged 184% YoY to ₹549 Cr with margins expanding to 14.1%, while pre-IndAS EBITDA grew 221% to ₹300 Cr. Q4 FY26 revenue was ₹919 Cr (up 51% YoY) with EBITDA of ₹65 Cr. Paid users increased to 5.34 Mn from 4.46 Mn, supported by expansion to 353 offline centres and 16 education categories. AI integration crossed 100 million interactions with 91% AI-assisted coding.

Likely market impact

The results signal a strong turnaround from losses to profitability, with EBITDA margins expanding significantly. The 35% revenue growth and 184% EBITDA growth are positive indicators for shareholders, though the PBT margin of 0.3% shows room for further improvement in bottom-line conversion.