Earnings call · Apr–Jun 2026
Physicswallah Limited
Physicswallah reported Apr–Jun 2026 revenue of ₹1,054 crore, up 24% from a year earlier, with online revenue growing 33% & offline 16%. NEET exam delays shifted enrollments to Q2, but management expects full-year 30% revenue growth & 100% EBITDA improvement remain on track.
The full notes: numbers & KPIs, strategy, outlook, risks, what analysts asked.
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From the company
- Amit SachdevaChief Financial
- Alakh PandeyChief Executive Officer
- Prateek BoobWhole-time Director; and
- Vikram Bhardwaj
- Dev Manish Shah
Questions came from
- Anmol GargDAM Capital
- Prateek MaheshwariHSBC
- SwapnilJM Financial
- Ritvik Agrawal3P Investment Managers
- RajdeepEarthniti Capital
- GauravAxis Capital
Topics in this call
Opening remarks
Amit SachdevaChief Financial
Hi, thank you. Good evening, everyone. Thank you all for joining our first quarter earnings call for Physicswallah. We are making good progress across all our education categories. Our focus now is to continue build online early learning and K-12 business, which has grown by almost 88% year-over-year.
We are also tracking well on our offline business with focus on center-level cohort profitability. Like always, we'll cover our financial results, key business and other updates, and in the last, we can open the call for questions.
Read the whole call: 100 paragraphs, 6 analysts' questions with every answer, 7 marked passages.
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The transcript as the company filed it on BSE. Our own rules split it into speakers & sections; an unusual layout can trip them, so check the original PDF for anything important. Not a recommendation.