Physicswallah Q2 FY26 earnings call transcript filed

Management guided margin improvementPromoter disclosed acquisition plansInvestor Communications View source PDF Explain this filing

PWL · price

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Price reactionminutes from the announcement price · days from the prior close

+4.1%Reaction day

₹132.00

prior close

₹132.20

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.8%+4.9% vs market

Other Consumer Services peers, median of 23sector · industry level+0.0%+4.1% vs sector

On the reaction day the stock moved 4.9 pts more than Nifty Smallcap 250 and 4.1 pts more than its Other Consumer Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.4

10m

+0.7

15m

+1.0

30m

+0.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.1-0.8+4.9+0.0+4.1

Next day

+0.4-1.5+1.9-1.0+1.4

-0.9-1.6+0.7-1.0+0.1

+0.6-0.3+0.9-1.7+2.3

+4.2+0.7+3.5-1.6+5.8

+1.8+1.1+0.7-1.2+3.0

-0.4+1.0-1.3-1.5+1.1

15d

-2.6+2.2-4.8-2.4-0.2

-3.8-1.5-2.3-7.1+3.3

-21.1-2.9-18.2-10.5-10.5

-36.4-10.0-26.3-19.5-16.9

UpDownMarket · Nifty Smallcap 250Sector · Other Consumer Services peers, median of 23Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Physicswallah filed the transcript of its Q2 FY26 earnings call (held December 9, 2025). Revenue grew about 26% year-on-year to around 1,051 crore rupees. Adjusted EBITDA rose about 38% to 269 crore rupees with margins expanding from 23% to 26%. Q2 profit after tax was about 70 crore rupees, up roughly 70% year-on-year. Management guided second half revenue will exceed first half, full year marketing spend around 8 to 9%, and offline business to turn EBITDA profitable by FY27. Plans include 75 new offline centers next year and Sarrthi IAS stake rising to 85% by FY28.

Likely market impact

Strong Q2 with margin expansion; offline business guided EBITDA profitable by FY27. Positive for stock sentiment.