PhysicsWallah share price rises over 5% as profit up 62% to ₹72 crore, revenue rises 26%

The stock climbed as much as 5.17% to ₹145.6 per unit on the National Stock Exchange (NSE). At 9:22 am, it was up 2.85% to ₹142.39.

The company posted a 62.4% increase in its consolidated net profit attributable to owners of the company at ₹72.32 crore in the latest September quarter. In the year-ago period, the post-tax profit was ₹44.53 crore.

Revenue from operations expanded 26% to ₹1,051.23 crore in the second quarter of the current fiscal year, compared to ₹832.17 crore in Q2 FY25.

The revenue was primarily driven by a surge in paid users to 3.62 million from 2.99 million a year back. Paid users in the online channel stood at 3.22 million (2.68 million a year ago), while offline student enrolments grew to 0.40 million (0.31 million a year ago).

In an exchange filing, PhysicsWallah said its online business saw strong traction with more than 3.22 million enrollments in H1 FY26, reflecting an increase of 20% from H1 FY25.

The offline business also fortified its nationwide footprint with 128 new centres over the past year.

The company's free cash flow for the six months ended September 2026 was ₹644.1 crore, compared to ₹543.4 crore in H1 FY25. As of September 2025, the firm's treasury is at ₹2,551.9 crore (excluding IPO proceeds).

PhysicsWallah: Key operational highlights (H1 FY26)

• A total of 314 centres (117 PW Vidyapeeth, 75 PW Pathshala, 53 other PW centres, and 69 subsidiary centres) vs 186 centres a year back.
• The total number of unique transacting users (online channel) stood at 3.22 million, up 20% YoY.
• The offline student enrolment was at 0.40 million, up 26% YoY.
• It has 6,643 employees and consultants
• Daily Average User: 3.5 Mn
• Engagement time: 103 minutes
• Social media community: 125+ million subscribers across platforms

"PW’s next massive growth levers lie in mass-market segments such as State Boards, Foundations, and vernacular-language categories. While the education company has traditionally been strongest in the Hindi-speaking belt, it is now poised for meaningful expansion across non-Hindi regions, unlocking the next wave of nationwide scale," the regulatory filing said.