India · Delayed Price · Currency is INR Physicswallah Earnings Call Transcripts
Fiscal Year 2026
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Revenue grew 35% to INR 3,900 crore in FY 2026, with EBITDA tripling and PAT loss narrowing sharply. Online now exceeds 50% of revenue, driven by AI initiatives and strong enrollment growth. FY 2027 guidance targets PAT profitability and over 30% revenue growth.
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Q3 FY26 saw 34% YoY revenue growth and strong margins, with robust performance in both online and offline segments. IPO proceeds are fueling expansion in K-12, AI, and M&A, while new categories and regional initiatives drive future growth.
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Q2 FY26 saw 26% revenue growth and 70% PAT increase, with strong online and offline enrollments and margin expansion. Management expects Q3 to be the strongest quarter and projects sustainable growth in both revenue and profitability over the next 3-5 years.