The second quarter of the 2027 financial year marked a pivotal turn for PhysicsWallah (PW), as expanding scale and cost efficiencies together yielded a record quarterly top-line and a two-fold growth in net profit.
During the second quarter of FY27 (July to September 2026), the edtech firm achieved its highest-ever quarterly revenue, driven by expanding student enrolments and enhanced course realisations.
Consolidated revenue from operations reached Rs 1,242.26 crore, up 18.2% YoY. Total income, which includes other non-operating receipts, grew 21.5% YoY to Rs 1,334.64 crore. Consolidated profit after tax doubled to Rs 142.29 crore in the second quarter, rising 104.1% YoY from Rs 69.72 crore.
The net profit in Q2FY27 comes after a loss of Rs 87.04 crore in Q1FY27.
“We delivered record revenue and a sharp improvement in profitability, while our learner base kept widening across K-12, vernacular and new categories. Our focus remains on scaling affordable, tech-led education with disciplined capital allocation,” said Founder and Chief Executive Officer Alakh Pandey.
PW's business operates across two principal delivery channels alongside auxiliary services. The online channel remained the primary engine of top-line growth, generating Rs 693.52 crore in operational revenue during the quarter. This marked a 26.4% YoY surge from Rs 548.72 crore in the year-ago period, representing 55.8% of total revenue from operations. The offline channel contributed Rs 540.87 crore, a 9% YoY rise from Rs 496.10 crore, accounting for 43.5% of operational revenue.
4% YoY.
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