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PhysicsWallah Q2FY27 Profit Doubles to ₹142 Crore, Revenue Rises 18%
Sentiment: PositiveHigh Priority
What Happened?
PhysicsWallah reported a net profit of ₹142.29 crore for Q2FY27, nearly doubling from ₹69.72 crore a year ago. Revenue from operations increased 18% to ₹1,242.26 crore.
Key points
- Net profit for Q2FY27 is ₹142.29 crore, up from ₹69.72 crore last year.
- Revenue from operations rose 18% year-on-year to ₹1,242.26 crore.
- Total expenses increased by 10.5% to ₹1,105.4 crore.
- Earnings before interest, tax, depreciation, and amortization (Ebitda) reached ₹348 crore.
- NEET enrolments grew over 30% in Q2FY27 after a delay in the previous quarter.
- Online revenue increased by 26.4% to ₹694 crore.
Key insights
- The significant profit increase may attract more investors to the education technology sector.
- Growing NEET enrolments suggest a recovering demand in competitive exam preparation.
- Expansion in South India could lead to increased market share in a large student population.
Why it matters
The growth in profit and revenue indicates a strong demand for affordable education solutions.
Entities
PhysicsWallah· CompanyNEET· EventIndia· Country
Source
Business Standard
