Physicswallah Limited — Investor Meet, 03-06-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Physicswallah reported strong FY26 results with revenue at INR3,900 Cr (+35% YoY) and EBITDA at INR300 Cr (3x YoY). PAT was negative INR24 Cr, a significant improvement. Online revenue grew 39%, now 50.1% of total. Q4 revenue surged 51% YoY to INR919 Cr, with positive EBITDA of INR9 Cr. Management targets over 30% revenue growth and over 100% EBITDA improvement for FY27, aiming for PAT profitability. Key focus areas include expanding online offerings, disciplined offline growth aiming for profitability, and significant investment in AI for student personalization and new revenue streams. The company is confident about its online-first, affordability mission, and future growth.