PhysicsWallah Q2 Results: Profit Surges 62%, Revenue Sees Strong Growth; Investors Eye Stock Closely

PhysicsWallah posts Q2 FY25 results with 62% profit growth to ₹72.3 crore and 26% revenue growth to ₹1,051 crore, highlighting strong performance from its hybrid business model. Investors watch the stock closely post its IPO.

PhysicsWallah Q2 Results at a Glance

India’s leading edtech company, PhysicsWallah (PW), recently listed on the stock market, has announced its September quarter (Q2 FY25) results, reporting strong performance in line with market expectations. Both profit and revenue grew in double digits, showcasing robust growth.

Key Highlights:

• Net Profit: Consolidated net profit rose 62% year-on-year to ₹72.3 crore, up from ₹44.5 crore in the same quarter last year.

• Revenue: Operating revenue increased 26% to ₹1,051 crore, reflecting strong business expansion.

What Drives PhysicsWallah’s Growth?

The company’s growth is driven by its hybrid business model and aggressive expansion strategy.

Offline and Hybrid Expansion: PhysicsWallah operates beyond online education. By June 2025, the company had 303 offline centers, growing at a CAGR of 165.9% between FY23 and FY25.

Paying Users: The online platform boasts over 4.13 million unique paying users, indicating a strong digital presence.

Revenue Sources: The company earns revenue from three main streams:

• Services: Teaching, hostel fees, transport, and content rights.

• Products: Books, stationery, laptops, and tablets.

• Ancillary Income: Advertising and other fees.

Financial Health Improves Significantly

PhysicsWallah’s topline has surged over the past three years. Revenue grew from ₹744 crore in FY23 to ₹2,887 crore in FY25.

EBITDA Recovery: The company has improved its margins, turning around from a ₹829 crore EBITDA loss in FY24 to a positive ₹193 crore EBITDA (6.7% margin) in FY25, reflecting efficient cost management.

Stock Performance and IPO Update

PhysicsWallah recently went public, and here’s a look at its stock:

• Current Price: ₹135.94 (up 0.03% on Monday)

• Returns: Trading about 24% above the issue price of ₹109

• Market Cap: ₹39,620 crore

• Use of IPO Funds: The ₹3,100 crore net proceeds will be used to open new offline centers, enhance marketing efforts, and upgrade technology infrastructure.

Conclusion

PhysicsWallah’s Q2 results show that even amid slowdown concerns in the edtech sector, companies with the right hybrid model (online + offline) can achieve strong profitability. Investors will closely monitor how the company utilizes IPO funds to sustain growth in the upcoming quarters.