PhysicsWallah Q2 Results: Profit up 62% YoY to Rs. 72 crores, a 26% increase in revenue

Recently listed edtech player Physixwala reported a 62% year-on-year (YoY) growth in its consolidated net profit in the second quarter. Which in the same quarter last year was Rs. 44.5 crores. Income from operations rose 26% in the reporting quarter to Rs. 1051 crore has been done.

From FY23-FY25, Physix Wala, driven by expansion on digital and offline platforms, generated Rs. 744 crore to Rs. 2,887 crore posted a strong topline growth. EBITDA in FY25 (6.7% margin) in FY24 to Rs. 829 crore from a loss of Rs. 193 crore, showing effective cost optimization.

The company is one of India’s leading ed-tech players, offering a comprehensive mix of online, offline and hybrid learning solutions. As of June 2025, it operated 303 offline centers (growing at a CAGR of ~165.9% between FY23-25) and had 4.13 million unique paying users.

Its revenue model is diverse: services (education, hostel, transport, content rights), product sales (books, stationery, tablets) and ancillary income (advertisements, other fees).

Edtech raised from its recent IPO a total of Rs. 3,480 crore was collected of which Rs. 3,100 crore mainly goes to the company to expand its offline and hybrid learning centers, enhance its marketing initiatives and strengthen its digital and cloud infrastructure.

The stock had a decent listing, but then came under some selling pressure. He currently earns Rs. 109 trading marginally above the issue price